The 2023 tax season for the IRS is going to be a nightmare.

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https://www.irs.gov/newsroom/irs-announces-2023-form-1099-k-reporting-threshold-delay-for-third-party-platform-payments-plans-for-a-5000-threshold-in-2024-to-phase-in-implementation

The politicians decided it would be a great idea if they had every garage sale Sally report their income from online reseller apps like ebay and mercari.

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That’s about 200 Million more Schedule C forms the IRS now has to go through.

They delayed this for 1 more year. They have been talking about doing this for 3 years now.

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It’s a ridiculous amount of paperwork.

AC