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

by

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.

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.

It’s a ridiculous amount of paperwork.

AC

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.