• Sell camera equipment? Joe Biden just f------ you

    From RichA@21:1/5 to All on Thu Dec 23 17:18:15 2021
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
    gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
    sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.

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  • From Bill W@21:1/5 to All on Thu Dec 23 20:18:26 2021
    On Dec 23, 2021, RichA wrote
    (in article<7bb84176-d7bf-435f-adc2-389b83ee5146n@googlegroups.com>):

    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.

    You don’t have to pay taxes on sales of personal items that you sell for
    less than your original purchase price. At least that’s the way I’m
    reading things.

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  • From Neil@21:1/5 to RichA on Fri Dec 24 12:30:57 2021
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
    gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
    sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.

    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.

    --
    best regards,

    Neil

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  • From RichA@21:1/5 to Neil on Fri Dec 24 23:41:07 2021
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
    gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
    sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases, there are State and Local requirements for this as well.


    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.

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  • From Ken Hart@21:1/5 to RichA on Sat Dec 25 12:34:55 2021
    On 12/25/21 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
    gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
    sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.


    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.


    Any amount? No.

    According to TurboTax:

    "Not every eBay sale is subject to income tax, but most are. If you use
    the site to get rid of household articles you've used in the past, you
    may qualify for "occasional garage or yard sale" treatment. According to
    the IRS, if your online auction sales are the Internet equivalent of an occasional garage or yard sale, you generally do not have to report
    income from those sales.

    Assuming that you originally bought the used items for more money than
    you are selling them for, you don't have to report the income received
    from the eBay sale. For example, if you sell a bicycle that you paid
    $500 for two years ago for $350 on eBay, you usually don't have to
    notify the IRS—but you can't claim a loss on it.

    Hobby sales must be reported

    If you and the IRS classify your eBay sales as a hobby, you'll have to
    report the income on Form 1040. For tax years prior to 2018, you report
    your expenses are an itemize deduction on Schedule A. Beginning in 2018,
    you are no longer eligible to take a deduction for hobby expenses.

    Since you cannot use hobby expenses to reduce your hobby income, you
    won't be able to use a loss from hobby sales to reduce other income.
    This can be important if you make money in other activities.

    However, if your eBay activities are considered a business, you can use
    your loss as a deduction to reduce your other business income, say from landscaping. For example, let’s say that you have:

    A net loss of $5,000 from your eBay sales operation.
    A taxable income of $15,000 from a landscaping business.
    $15,000 (income) - $5,000 (loss) = $10,000 (business income).

    Distinguishing between a hobby and a business is not an exact science.
    The IRS looks to many factors including:

    Frequency of your eBay sales
    How much you earn
    How much time you spend working on the hobby
    "



    --
    Ken Hart
    kwhart1@centurylink.net

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  • From nospam@21:1/5 to kwhart1@centurylink.net on Sat Dec 25 14:00:04 2021
    In article <sq7ko0$op7$1@gioia.aioe.org>, Ken Hart
    <kwhart1@centurylink.net> wrote:


    According to TurboTax:

    turbotax, along with other online sources, can only give very general
    advice and only an idiot would follow any of it.

    consult a qualified tax accountant and/or attorney with the specifics
    about *your* situation.

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  • From Neil@21:1/5 to RichA on Sun Dec 26 07:34:52 2021
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
    gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
    sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.


    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.

    You should read what you post. If you have an EIN or ITIN, you are a
    business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private
    seller of your camera gear, nobody cares about it because it won't be
    on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.

    --
    best regards,

    Neil

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  • From geoff@21:1/5 to Neil on Mon Dec 27 11:03:18 2021
    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on
    January 1, 2022, IRS regulations require all businesses that process
    payments, including online marketplaces like eBay, to issue a Form
    1099-K to sellers who receive $600 or more in gross payouts. If you
    receive more than $600 in gross payouts over the course of the 2022
    calendar year, we’ll provide a Form 1099-K to you by January 31,
    2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN),
    Employer Identification Number (EIN), or Individual Tax
    Identification Number (ITIN), we'll ask you to provide it once you
    reach $600 in sales. This information is required for all sellers
    with sales over the threshold amount ($600 for 2022). If you don't
    provide us with an SSN, EIN, or ITIN, your payouts will be put on
    hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this >>> is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases, >>> there are State and Local requirements for this as well.

    Really?  Then ask yourself what the IRS would say constitutes a
    business.  Start selling any amount on Ebay, they can force you to
    declare it.

    You should read what you post. If you have an EIN or ITIN, you are a
    business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private
    seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.


    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
    the anti-anything-else-vaguely-progressive strident squealers.

    geoff

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  • From Bill W@21:1/5 to geoff on Sun Dec 26 19:38:56 2021
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a
    business. Start selling any amount on Ebay, they can force you to
    declare it.

    You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
    the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently on the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.

    --- SoupGate-Win32 v1.05
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  • From Neil@21:1/5 to Bill W on Mon Dec 27 06:23:02 2021
    On 12/26/2021 8:38 PM, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>> 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), >>>>>> Employer Identification Number (EIN), or Individual Tax
    Identification Number (ITIN), we'll ask you to provide it once you >>>>>> reach $600 in sales. This information is required for all sellers
    with sales over the threshold amount ($600 for 2022). If you don't >>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on
    hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this >>>>> is relevant to you.

    Businesses have always had to report sales income, and there has always >>>>> been an amount over which special reporting was required. In many cases, >>>>> there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a
    business. Start selling any amount on Ebay, they can force you to
    declare it.

    You should read what you post. If you have an EIN or ITIN, you are a
    business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private
    seller of your camera gear, nobody cares about it because it won't be
    on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
    the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently on the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.


    I didn't see any reason to respond to the political nonsense. I just
    didn't want to leave the misinformed notion that the rest of the content
    had to do with private sellers' camera gear.

    --
    best regards,

    Neil

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  • From Bill W@21:1/5 to Neil on Mon Dec 27 09:14:33 2021
    On Dec 27, 2021, Neil wrote
    (in article <sqc7mn$f60$1@dont-email.me>):

    On 12/26/2021 8:38 PM, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on
    January 1, 2022, IRS regulations require all businesses that process
    payments, including online marketplaces like eBay, to issue a Form
    1099-K to sellers who receive $600 or more in gross payouts. If you
    receive more than $600 in gross payouts over the course of the 2022
    calendar year, we’ll provide a Form 1099-K to you by January 31,
    2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN),
    Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
    reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't
    provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.

    You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose it, so what? However, if you become an ebay seller of camera gear that you regularly purchase solely for sale you are a business (think of it in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently on
    the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.
    I didn't see any reason to respond to the political nonsense. I just
    didn't want to leave the misinformed notion that the rest of the content
    had to do with private sellers' camera gear.

    You didn’t post anything political, and nothing I said was directed at you. When Rich posted that, I also looked into it, and posted a response that
    agrees with you, although with much less detail. My comments to Geoff were in reference to something from weeks ago.

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  • From geoff@21:1/5 to Bill W on Tue Dec 28 11:15:58 2021
    On 27/12/2021 2:38 pm, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>> 2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN), >>>>>> Employer Identification Number (EIN), or Individual Tax
    Identification Number (ITIN), we'll ask you to provide it once you >>>>>> reach $600 in sales. This information is required for all sellers
    with sales over the threshold amount ($600 for 2022). If you don't >>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on
    hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this >>>>> is relevant to you.

    Businesses have always had to report sales income, and there has always >>>>> been an amount over which special reporting was required. In many cases, >>>>> there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a
    business. Start selling any amount on Ebay, they can force you to
    declare it.

    You should read what you post. If you have an EIN or ITIN, you are a
    business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private
    seller of your camera gear, nobody cares about it because it won't be
    on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
    the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently on the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.



    Not like the title of this thread then ?

    geoff

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  • From Bill W@21:1/5 to geoff on Mon Dec 27 17:24:43 2021
    On Dec 27, 2021, geoff wrote
    (in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):

    On 27/12/2021 2:38 pm, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on
    January 1, 2022, IRS regulations require all businesses that process
    payments, including online marketplaces like eBay, to issue a Form
    1099-K to sellers who receive $600 or more in gross payouts. If you
    receive more than $600 in gross payouts over the course of the 2022
    calendar year, we’ll provide a Form 1099-K to you by January 31,
    2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN),
    Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
    reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't
    provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always
    been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.

    You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose it, so what? However, if you become an ebay seller of camera gear that you regularly purchase solely for sale you are a business (think of it in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently on
    the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.

    Not like the title of this thread then ?

    Geoff

    You attacked me for *mistakenly* posting something political. It’s pretty clear now that you don’t have a problem with people posting political comments, just politics that you disagree with. I have never attacked anyone for political posts, so why would I say anything to Rich about it? My
    comments to you were just a delayed reply to your comments directed at me,
    and the comments some others posted.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From geoff@21:1/5 to Bill W on Tue Dec 28 13:41:02 2021
    On 28/12/2021 12:24 pm, Bill W wrote:
    On Dec 27, 2021, geoff wrote
    (in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):

    On 27/12/2021 2:38 pm, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>>>> 2023. Your 2021 tax obligations aren’t affected by this change. >>>>>>>>
    If you haven’t already given us your Social Security Number (SSN), >>>>>>>> Employer Identification Number (EIN), or Individual Tax
    Identification Number (ITIN), we'll ask you to provide it once you >>>>>>>> reach $600 in sales. This information is required for all sellers >>>>>>>> with sales over the threshold amount ($600 for 2022). If you don't >>>>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on >>>>>>>> hold, and we may deduct backup withholding from future payouts. >>>>>>> Please get a f...... clue. If you are not a business owner, none of this
    is relevant to you.

    Businesses have always had to report sales income, and there has always >>>>>>> been an amount over which special reporting was required. In many cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a
    business. Start selling any amount on Ebay, they can force you to
    declare it.

    You should read what you post. If you have an EIN or ITIN, you are a >>>>> business (having had an EIN for 50+ years, it is not a mystery to me). >>>>>
    On-line sales has introduced changes in the way such sales are tracked >>>>> and reported. THAT is what this notice is about. If you are a private >>>>> seller of your camera gear, nobody cares about it because it won't be >>>>> on-going sales. When its gone, it's gone. Make money? Lucky you. Lose >>>>> it, so what? However, if you become an ebay seller of camera gear that >>>>> you regularly purchase solely for sale you are a business (think of it >>>>> in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out >>>> of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and >>>> the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently >>> on
    the “correct” side. No one will complain with comments like yours, "Sad >>> that anybody posts that sort of crap anywhere.” Carry on.

    Not like the title of this thread then ?

    Geoff

    You attacked me for *mistakenly* posting something political. It’s pretty clear now that you don’t have a problem with people posting political comments, just politics that you disagree with. I have never attacked anyone for political posts, so why would I say anything to Rich about it? My comments to you were just a delayed reply to your comments directed at me, and the comments some others posted.



    Then don't make posts with subtly provocative political agendas or
    slurs. Or outright politically aggressive (and false) ones like this OP one.

    geoff

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    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Bill W@21:1/5 to geoff on Mon Dec 27 19:24:06 2021
    On Dec 27, 2021, geoff wrote
    (in article<se2dnWTj4fK8wFf8nZ2dnUU7-QXNnZ2d@giganews.com>):

    On 28/12/2021 12:24 pm, Bill W wrote:
    On Dec 27, 2021, geoff wrote
    (in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):

    On 27/12/2021 2:38 pm, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on
    January 1, 2022, IRS regulations require all businesses that process
    payments, including online marketplaces like eBay, to issue a Form
    1099-K to sellers who receive $600 or more in gross payouts. If you
    receive more than $600 in gross payouts over the course of the 2022
    calendar year, we’ll provide a Form 1099-K to you by January 31,
    2023. Your 2021 tax obligations aren’t affected by this change.

    If you haven’t already given us your Social Security Number (SSN),
    Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
    reach $600 in sales. This information is required for all sellers
    with sales over the threshold amount ($600 for 2022). If you don't
    provide us with an SSN, EIN, or ITIN, your payouts will be put on
    hold, and we may deduct backup withholding from future payouts.
    Please get a f...... clue. If you are not a business owner, none of
    this
    is relevant to you.

    Businesses have always had to report sales income, and there has
    always
    been an amount over which special reporting was required. In many
    cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.

    You should read what you post. If you have an EIN or ITIN, you are a
    business (having had an EIN for 50+ years, it is not a mystery to me).

    On-line sales has introduced changes in the way such sales are tracked
    and reported. THAT is what this notice is about. If you are a private
    seller of your camera gear, nobody cares about it because it won't be
    on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
    it, so what? However, if you become an ebay seller of camera gear that
    you regularly purchase solely for sale you are a business (think of it
    in terms of flea market sales) and need to report such sales income.

    The disinformation is similar to much of the other shit that comes out
    of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
    the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently
    on
    the “correct” side. No one will complain with comments like yours, "Sad
    that anybody posts that sort of crap anywhere.” Carry on.

    Not like the title of this thread then ?

    Geoff

    You attacked me for *mistakenly* posting something political. It’s pretty clear now that you don’t have a problem with people posting political comments, just politics that you disagree with. I have never attacked anyone
    for political posts, so why would I say anything to Rich about it? My comments to you were just a delayed reply to your comments directed at me, and the comments some others posted.

    Then don't make posts with subtly provocative political agendas or
    slurs.

    I don’t. I posted to the wrong group, and within seconds followed up with a post explaining that.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From geoff@21:1/5 to Bill W on Tue Dec 28 19:56:25 2021
    On 28/12/2021 2:24 pm, Bill W wrote:
    On Dec 27, 2021, geoff wrote
    (in article<se2dnWTj4fK8wFf8nZ2dnUU7-QXNnZ2d@giganews.com>):

    On 28/12/2021 12:24 pm, Bill W wrote:
    On Dec 27, 2021, geoff wrote
    (in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):

    On 27/12/2021 2:38 pm, Bill W wrote:
    On Dec 26, 2021, geoff wrote
    (in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):

    On 27/12/2021 1:34 am, Neil wrote:
    On 12/25/2021 2:41 AM, RichA wrote:
    On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
    On 12/23/2021 8:18 PM, RichA wrote:
    Changes to the IRS minimum reporting threshold in 2022
    The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>>>>>> 2023. Your 2021 tax obligations aren’t affected by this change. >>>>>>>>>>
    If you haven’t already given us your Social Security Number (SSN), >>>>>>>>>> Employer Identification Number (EIN), or Individual Tax
    Identification Number (ITIN), we'll ask you to provide it once you >>>>>>>>>> reach $600 in sales. This information is required for all sellers >>>>>>>>>> with sales over the threshold amount ($600 for 2022). If you don't >>>>>>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on >>>>>>>>>> hold, and we may deduct backup withholding from future payouts. >>>>>>>>> Please get a f...... clue. If you are not a business owner, none of >>>>>>>>> this
    is relevant to you.

    Businesses have always had to report sales income, and there has >>>>>>>>> always
    been an amount over which special reporting was required. In many >>>>>>>>> cases,
    there are State and Local requirements for this as well.

    Really? Then ask yourself what the IRS would say constitutes a >>>>>>>> business. Start selling any amount on Ebay, they can force you to >>>>>>>> declare it.

    You should read what you post. If you have an EIN or ITIN, you are a >>>>>>> business (having had an EIN for 50+ years, it is not a mystery to me). >>>>>>>
    On-line sales has introduced changes in the way such sales are tracked >>>>>>> and reported. THAT is what this notice is about. If you are a private >>>>>>> seller of your camera gear, nobody cares about it because it won't be >>>>>>> on-going sales. When its gone, it's gone. Make money? Lucky you. Lose >>>>>>> it, so what? However, if you become an ebay seller of camera gear that >>>>>>> you regularly purchase solely for sale you are a business (think of it >>>>>>> in terms of flea market sales) and need to report such sales income. >>>>>>
    The disinformation is similar to much of the other shit that comes out >>>>>> of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and >>>>>> the anti-anything-else-vaguely-progressive strident squealers.

    Geoff

    Don’t worry, it’s okay if you post political crap - you are apparently
    on
    the “correct” side. No one will complain with comments like yours, >>>>> "Sad
    that anybody posts that sort of crap anywhere.” Carry on.

    Not like the title of this thread then ?

    Geoff

    You attacked me for *mistakenly* posting something political. It’s pretty >>> clear now that you don’t have a problem with people posting political
    comments, just politics that you disagree with. I have never attacked anyone
    for political posts, so why would I say anything to Rich about it? My
    comments to you were just a delayed reply to your comments directed at me, >>> and the comments some others posted.

    Then don't make posts with subtly provocative political agendas or
    slurs.

    I don’t. I posted to the wrong group, and within seconds followed up with a post explaining that.


    Guess one should read the whole unread thread before replying to any
    single post then.

    geoff

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Neil@21:1/5 to Bill W on Tue Dec 28 07:32:06 2021
    On 12/27/2021 10:14 AM, Bill W wrote:
    (big snip)

    You didn’t post anything political, and nothing I said was directed at you. When Rich posted that, I also looked into it, and posted a response that agrees with you, although with much less detail. My comments to Geoff were in reference to something from weeks ago.

    Sorry if I wasn't clear. I was referring to Rich's political comment.

    --
    best regards,

    Neil

    --- SoupGate-Win32 v1.05
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