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American Rescue Plan Act

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Drake LaRrieta

Post subject: American Rescue Plan Act

Posted: Wed Dec 01, 2021 10:27 pm

Joined: Fri May 06, 2016 10:39 am
Posts: 1493
pizza_Place: Aurelio's

Turns out there was a little surprise for online sellers in a 591 page "rescue" bill.

https://www.cnbc.com/2021/03/26/its-goi ... sales.html

Starting next year, the federal threshold for issuing the 1099-K will drop to $600 with no minimum transaction level, due to a provision in the recently enacted American Rescue Plan Act.

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IkeSouth

Post subject: Re: American Rescue Plan Act

Posted: Wed Dec 01, 2021 10:43 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

who cares dont file it

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the world will always the world. your entire existence is defined by your response.

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This Ends in Antioch

Post subject: Re: American Rescue Plan Act

Posted: Wed Dec 01, 2021 10:51 pm

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 24087
pizza_Place: Pizanos

IkeSouth wrote:

who cares dont file it

I thought Biden is deploying a new army of IRS agents that the naïve think will finally hunt down those pesky billionaires not paying their fair share.

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Peter Clavin wrote:

Because you are stupid, maybe read some books educate yourself.

Nardi wrote:

We walk, talk, and won't shit our pants

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IkeSouth

Post subject: Re: American Rescue Plan Act

Posted: Wed Dec 01, 2021 10:54 pm

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

theyre going to run the next election on the claim they created the most audits in us history, and then wonder why they lost so badly.

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the world will always the world. your entire existence is defined by your response.

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This Ends in Antioch

Post subject: Re: American Rescue Plan Act

Posted: Wed Dec 01, 2021 10:58 pm

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 24087
pizza_Place: Pizanos

IkeSouth wrote:

theyre going to run the next election on the claim they created the most audits in us history, and then wonder why they lost so badly.

Well there’s a theory out there that nobody would govern like the Biden admin if they were worried about losing a free & fair election, but I’ll leave that one alone for now.

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Peter Clavin wrote:

Because you are stupid, maybe read some books educate yourself.

Nardi wrote:

We walk, talk, and won't shit our pants

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Ogie Oglethorpe

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 1:52 pm

Joined: Sun Aug 21, 2016 3:24 pm
Posts: 17224
pizza_Place: Pequods

Just hope Manchin and Sinema tank BBB so the IRS can't hire more gestapo err I mean agents

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

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Frank Coztansa

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 1:54 pm

100000 CLUB

Joined: Wed Feb 08, 2006 6:17 pm
Posts: 102657
pizza_Place: Vito & Nick's

Rescue 911
Rescue Me
Rescue Dawn

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Joe Orr Road Rod wrote:

It's more fun to be a victim

Caller Bob wrote:

There will never be an effective vaccine. I'll never get one anyway.

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This Ends in Antioch

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 1:55 pm

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 24087
pizza_Place: Pizanos

Frank Coztansa wrote:

Rescue 911
Rescue Me
Rescue Dawn

Chip n Dale

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Peter Clavin wrote:

Because you are stupid, maybe read some books educate yourself.

Nardi wrote:

We walk, talk, and won't shit our pants

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Brick

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 1:56 pm

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 92103
Location: To the left of my post

Drake LaRrieta wrote:

If you are running an online business you should be subject to paying taxes on that income. What is the problem?

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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Regular Reader

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 3:26 pm

Joined: Sun Nov 26, 2006 8:10 pm
Posts: 38609
Location: "Across 110th Street"

Brick wrote:

Drake LaRrieta wrote:

If you are running an online business you should be subject to paying taxes on that income. What is the problem?

And why is a provision that has been public knowledge for over eight months suddenly a revelation?

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

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KDdidit

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 3:31 pm

Joined: Tue Jun 27, 2006 11:28 am
Posts: 23858
Location: Boofoo Zoo
pizza_Place: Chuck E Cheese

Sounds like when everyone got annoyed that states started taxing stuff bought on Amazon. Well no shit.

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This Ends in Antioch

Post subject: Re: American Rescue Plan Act

Posted: Thu Dec 02, 2021 3:33 pm

Joined: Fri Sep 18, 2020 8:05 pm
Posts: 24087
pizza_Place: Pizanos

Regular Reader wrote:

Brick wrote:

Drake LaRrieta wrote:

If you are running an online business you should be subject to paying taxes on that income. What is the problem?

And why is a provision that has been public knowledge for over eight months suddenly a revelation?

Probably because it’s the time of year when businesses have to start issuing 1099s.

_________________

Peter Clavin wrote:

Because you are stupid, maybe read some books educate yourself.

Nardi wrote:

We walk, talk, and won't shit our pants

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American Rescue Plan Act

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