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re: IRS warns taxpayers about new $600 threshold for third-party payment reporting

Posted on 11/26/22 at 11:17 am to
Posted by Oates Mustache
Member since Oct 2011
22190 posts
Posted on 11/26/22 at 11:17 am to
So do people just go all cash now on Facebook marketplace and other local sales, just to avoid this?

Seems like Venmo, PayPal, etc would hate this new shite.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25850 posts
Posted on 11/26/22 at 1:01 pm to
quote:

Seems like Venmo, PayPal, etc would hate this new shite.


They absolutely do and lobbied against it. eBay also lobbied against it just like the collection of state sales tax.
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