It's now unlikely that either chamber of Congress will push through a bill to reverse the change before tax forms start going out in January.

'Millions of Americans you know, mom and pops who sell online or who take Venmo at a garage sale are going to get confusing forms,' John Berlau, Senior Fellow & Director of Finance Policy at the Competitive Enterprise Institute, told DailyMail.com.

'In some cases they don't owe any taxes at all, like when you sell used goods, it's actually a tax loss. The burden of proof is going to be on them to dig up old receipts for an item they may have bought 10 years ago to prove they don't owe.'

While Biden may have pledged not to raise taxes on those making under $400,000 and his administration has repeatedly insisted the requirement does not amount to a new tax, critics say the administration is ostensibly breaking that promise by increasing the burden on small online sellers and everyday Americans.

'If you're a taxpayer that might have previously felt comfortable filing your own taxes, you might now worry you might be confused. So it could potentially result in increased costs for families and wasted time preparing your tax forms,' Gary Haglund, tax expert at Americans for Prosperity, told DailyMail.com.

_________________
Some things can never be unsaid, so don’t say them in the first place.
If it were not for British news sources, I would never know what was really going on here in the States.

Berlau said the reporting change would not be an effective way to crack down on wealthy tax cheats.

'If they're wealthy, they already have the accountants, the advisors that know all the deductions in the tax code,' he said.

Republicans launched a fresh campaign against the change on Twitter last week.

'Biden's new army of 87,000 IRS agents is not going after billionaires... They are coming after you. I hope you didn’t Venmo over $600 for Packers’ tickets this year,' Rep. Tom Tiffany, R-Wisc., wrote on Twitter.

'Americans receive $600 on Venmo. Politicians receive $40 million from Sam Bankman-Fried. Guess which one Democrats think is more of a problem?,' Rep. Lance Gooden, R-Texas, quipped.

Sen. Joni Ernst, R-Iowa, said: 'Dems then: We’re going after billionaires! IRS now: If you got paid over $600 last year on Venmo, PayPal, or Zelle, you must report it next year!'

'Will the Democrats support deploying the 87,000 IRS agents to audit Ukraine or is the IRS just targeting middle America and their $600 Venmo transactions?' Rep. Marjorie Taylor Greene, R-Ga., wrote on Twitter.

A senior aide for Rep. Ralph Norman, R-S.C., who led the GOP letter requesting the IRS delay implementation of the requirement, told DailyMail.com that there might be 'some movement' on legislation in the next year. The aide said lawmakers will need time to assess the fallout - both the added complexity of filing for taxpayers and the added IRS scrutiny on everyday Americans.

_________________
Some things can never be unsaid, so don’t say them in the first place.
If it were not for British news sources, I would never know what was really going on here in the States.

Ну и как быть с продажами домашнего барахла? Пишут, что если продали диван, то не надо отчитываться за него. А как это докажешь. Никаких чеков нет, куплено было бог знает когда. Если показывать, то покупная цена будет the best of my estimated price что ли. И где это добро показывать - это не бизнес уж точно, значит в schedule D. Ерунда какая-то.

_________________
На форуме со дня рождения Христа

Сочувствую
Надеюсь пронесёт.

Отбой на 2022 отчет по $600 с ибея и проч. венмов

"IR-2022-226, December 23, 2022

WASHINGTON — 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.

As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

As part of this, the IRS released guidance today outlining that calendar year 2022 will be a transition period for implementation of the lowered threshold reporting for third-party settlement organizations (TPSOs) that would have generated Form 1099-Ks for taxpayers...."
https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k

_________________
На форуме со дня рождения Христа

Может кто сталкивался с подобным. Очень крупный продавец, больше 13 тыс листингов, мне почему-то стало показывать, что This store has no inventory available in your location и я больше не вижу ни одного листинга. Если делаю поиск по определенному слову, то тоже его текущие листинги не выдаёт, но могу видеть, то что продано. Смогла сделать покупку без проблем открыв один из проданных листингов тк количество в нем несколько штук ещё в наличии продаже. У меня раньше пару раз было такое когда я заходила через их магазин, но я могла без проблем зайти через sellers other items. А сейчас вообще никак их листинги не показывает. Это что за глюк такой и как исправить?