re: The IRS is coming for your Venmo income

I am asking about the Form 1099-K they send to all sellers who receive $600 or more in sales now. If I never file taxes in my life, because I never made any income whatsoever, do I now have to file a 1040, because I sold one item online for over $600?

I understand technically you were probably always suppose to report, but this definitely forces it a bit more.

Just seems like an unnecessary hassle for people who want to sell a few things that weren't really for a profit. I would rather pay someone commission to sell things for me than go through the upkeep.

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The IRS agrees and isn't enforcing it

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This is encouraging, but still gives me pause.

I've been selling mostly low value items on eBay for a few years now. And this year was the first I got the tax form. I'm glad I got rid of most of it before the new rule.

With what their 5 employees???

You know all that “make the rich pay their fair share” stuff? That’s just a distraction so they can implement things like this.

I occasionally sell sports cards I pull from packs that I do not want (all raw, non graded). Most of them sell for a couple of bucks. How in the hell do I tell if I've made a profit since it may be one card out of the 40 in a blaster box? I'm not getting rich off of this, but it adds up to over $600 during the year.

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Says the retard that doesn’t know the difference between tax evasion and tax avoidance. Hint for retards: one is perfectly legal.

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Right, avoidance is legal, which is the term used in the article.

Not reporting income because you didn't recieve a 1099 is not avoidance, it's evasion.

Fail

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The irs is such scum

They will try and take everything they can. Even if people are barely making it, they will take what they can

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Pay your taxes dude.

You benefit from the public services, even if indirectly.

It is the right of every American, indeed, his duty, to pay as little tax as he legally can

I tried to give you a buncha up votes but it didn't work

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For those who can't be bothered to read they aren't taxing your transactions for last weekend's bar tab or the money sent to your sister for mother's day flowers.

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No, just that couch you sold on Craigslist.

The hilarious thing is that Joe claimed they were sticking it to those rich people who avoid paying taxes, but no one but the little guy uses those services. Once again, they want to stifle small businesses so the big corps can make more.

I would think you 'champion of the marginalized' figs would be against that.

You're not even good at being a leftist, man.