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It's a common misconception and I'm a CPA tax specialist

Posted on: August 2, 2025 at 16:08:39 CT
SparkyStalcup MU
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People think if they dont get a 1099 then they don't owe taxes on that income. In this case its a third party service (like EBay, PayPal, etc...) issuing a 1099.

BTW, that threshhold is $2500 for 2025, not $600. Its supposed to drop to $600 in 2026.
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I received a pleasant update from eBay - MIZ45 MU - 8/2 10:00:00
     Good. I haven't sold shìt on FleaBay since the Biden rules - Tigrrrr! MU - 8/2 12:35:28
          Same. I've mainly done marketplace and cash only - MIZ45 MU - 8/2 13:40:44
     Still doesn't relieve you of any tax liability. Nm - SparkyStalcup MU - 8/2 11:19:04
          Was the "threshold" thing too difficult for you to - MIZ45 MU - 8/2 11:40:47
               It's a common misconception and I'm a CPA tax specialist - SparkyStalcup MU - 8/2 16:08:39
                    It's the IRS that chose to "ease" the threshold. Biden - MIZ45 MU - 8/2 17:03:45
               he just needed you to know it can't have any positive aspec - 90Tiger STL - 8/2 11:57:36
                    Yep. So many of our leftist friends are completely consumed - MIZ45 MU - 8/2 12:29:30
               Well Sparky made this post about finances - Calca STL - 8/2 11:44:11
                    She - Wildcat KSU - 8/2 12:28:12
                         RE: She - Calca STL - 8/2 12:32:57
                              There's nothing wrong with that - Wildcat KSU - 8/2 12:34:58
                                   Your assertions are wrong as always. Yawn. Nn - SparkyStalcup MU - 8/2 16:11:32
                                        Which ones? - Wildcat KSU - 8/2 16:27:51
     That is good news(nm) - DollarSigns MU - 8/2 10:09:57




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