[url= http://While the current administration has decided to back down on taxing the rich and they claim to only want to tax people making over $400k a year,
https://www.cnbc.com/2021/11/23/how-the-build-back-better-act-gives-high-earners-a-one-year-tax-cut.html ]While the current administration has decided to back down on taxing the rich and they claim to only want to tax people making over $400k a year,
https://www.cnbc.com/2021/11/23/how-the-build-back-better-act-gives-high-earners-a-one-year-tax-cut.html
[/url]
the IRS will have total access into any back account starting in 5 weeks.
https://www.taxjar.com/blog/2021-11-irs-brings-major-changes-to-1099-k-reporting-for-2022
In a nut shell, anyone that sells anything or pays for anything over $600 can expect a trigger for a 1099k and an ask for an explanation for where that money came from and who it went to.
If you do casual sales on an app, you get a 1099k. If you deposit $600 or more in cash, you get a 1099k, if you have an etsy, venmo, facebook pay, ebay, ebid, paypal, etyc account you wil get asked soon to
provide your real SSI or not be able to do business soon.
This is a done deal and here we are ripping off old ladies that are trying to knit a few sweaters on etsy to help pay for groceries ans they don't even knoiw this is coming.
https://www.obviousmag.com/culture/the-american-rescue-plan-act-zelle-tax/
If your favorite vendor can only do BTC or CIM, this is probably why.
More to come. :jay:
It feels good to be running from the devil
Another breath and I'm up another level
It feels good to be up above the clouds
It feels good for the first time in a long time now