DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
“ - 1 ” - 1 Danny Werfel - 1 – - 1 Sherrod Brown of - 1 Bill Cassidy - 1 Biden - 1 Arshi Siddiqui - 1
Top related locs:
New York Poshmark Sherrod Brown of Ohio Louisiana
Top related orgs:
New - 1 New York CNN - 1 IRS - 1 American - 1 The Coalition - 1 Electronic Transactions - 1 Airbnb - 1 PayPal - 1

Search resuls for: "Arshi Siddiqui"


2 mentions found


☆ IRS postpones rule change on digital payment reporting for small businesses and side hustles
  + stars: | 2023-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +4 min
The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.
Persons: “, ”, Danny Werfel, –, Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana
☆ Companies like Etsy, eBay, and PayPal are fighting a new tax law they fear could lead to an avalanche of 40 million new tax forms and mass confusion among their users
  + stars: | 2023-01-23 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +6 min
A group of companies including Etsy, eBay and PayPal are lobbying against new tax rules. E-commerce companies including Etsy, eBay, and Poshmark are lobbying to stop a new tax rule that they say would confuse millions of their users. But at the lower threshold, an estimated 30 to 40 million businesses or individuals could receive a 1099-K for the first time in 2024. An eBay spokesperson said the lowered threshold is "concerning for many sellers on eBay who casually sell online to help meet important financial needs." Jeffrey Zubricki, head of Etsy Americas advocacy and public policy, was optimistic about efforts to raise the threshold from $600.
0 next >>
Total: 2