IRS 'Cash Grab' (per transaction of $600 or more) to Start With the 2022 Tax Return

[RugersGR8]

https://www.newsmax.com/finance/streettalk/irs-audits-paypal-venmo/2023/01/31/id/1106657/?ns_mail_uid=a4d9e8e0-0050-428c-b79d-38ffd9b5906c&ns_mail_job=DM427879_01312023&s=acs&dkt_nbr=010502ld3uge

 

[HarryBear]

Meanwhile they loose or don't know where 1.2 trillion dollars went, ha good luck! It was "lost"..

 

[Timmy59]

Aren't the headline news articles just precious and wonderful nowadays .
Wonder what they'll do to the woman who's accused of of embezzling 1.5 million dollars worth of chicken wings over the last few years.

 

[John6185]

They give over 8 billion dollars to the Taliban when Biden pulled us out of Afghanistan and now they're concerned about anything over $600.00? That is borderline lunacy if not on the line. Apparently it is ok to waste billions on. some terrorists but if an American taxpayer makes a few dollars, the Dems want their cut. At that rate it will take decades to recoup what they've thrown away.
This isn't the same America I grew up in!

 

[Chuckie]

Meanwhile they loose or don't know where 1.2 trillion dollars went, ha good luck! It was "lost"..

So how else would the government finance 'Black Ops' if they didn't 'lose' Billions or Trillions of dollars each year?

 

[Timmy59]

They give over 8 billion dollars to the Taliban when Biden pulled us out of Afghanistan and now they're concerned about anything over $600.00? That is borderline lunacy if not on the line. Apparently it is ok to waste billions on. some terrorists but if an American taxpayer makes a few dollars, the Dems want their cut. At that rate it will take decades to recoup what they've thrown away.
This isn't the same America I grew up in!

Ya, just think what our kids and grandchildren have to endure.

 

[GC7]

That article is literally fake news. IRS is not implementing it because Congress is going to bump the reporting limit up this year to something more sane.

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service

IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

www.irs.gov

 

[TinkerTanker]

Biden - "This will ONLY AFFECT THOSE MAKING $400,000 OR MORE! Why are you asking about this???"

 

[TinkerTanker]

That article is literally fake news. IRS is not implementing it because Congress is going to bump the reporting limit up this year to something more sane.

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service

IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

www.irs.gov

The 'something more sane" was last mentioned as "$10,000 a year" which is a little over $800/month. Not much better.

 

[Seadog]

So how else would the government finance 'Black Ops' if they didn't 'lose' Billions or Trillions of dollars each year?

It’s just plain old money, laundering