What happened to those dreaded 1099 forms we were going to receive from Paypal?


So, who received a 1099 form from Paypal that everyone was dreading and caused so many to change how they would receive payment? I'm quite curious as I didn't receive one. Didn't know what topic to use so I chose the one with most traffic.

soundsspectacular

Sold for well over 3k through PayPal, did not get a 1099-K. Those should be mailed out by January 31st, so I doubt I will ever get one👍

You have to prove what you sold was a loss. You have original receipts for everything you sell? 😊

Paying more for diesel is price gouging by a private company. Paying PG&E 36% more than usual is also price gouging. PG&E may be a public utility but it’s privately run by investors. Too bad it’s not entirely run by the state like in the good old days.

There is no 4% medical tax at any restaurant in San Francisco. It’s a charge levied by the restaurant owner to cover his costs of providing some basic medical care to their employees.

As for the tax on tobacco, they’re there to discourage use since they’re bad for your health and the taxpayer who helps picks up the bill through your insurance costs being spread out. Yes, you worked and paid for your benefits but the costs of care are socialized, like they’ve always been. It’s how insurance works.

Being in law enforcement, you most likely have an excellent retirement payout that’s much higher than the average state worker has. It’d be nice if most companies would go back to having pensions.

Paying a $1 fee for ammo and signing for it doesn’t bother me. I’m not a criminal or an insurrectionist, bent on kidnapping a governor, storming the capital or go on a killing spree, which is now par for the course in this country.

This all sounds like a list of talking points assembled like a wish list of grievances. Took some time to research and put it out so good on you for that.

All the best,
Nonoise

 

Jond - Gotcha, it's hard to keep up with what's what with all the trolling. My first and possibly last post ( 13 yr. Audiogon member). I'll leave it to the professional posters.

@soundsspectacular I was referring to the comment that the IRS is going after the lowest paid people in the service industry which is a nonsense comment. I am well aware of the 1099s being sent out.

I live in central Ca, and Jerry’s correct. I paid $5.59 for diesel yesterday. PG&E was just granted a 36% rate hike. Cigar tax and sales tax add 64% to a box of cigars, hence $65 per 100 added to cost. Ate in SF recently and was hit for a 4% local medical tax on top of sales tax and mandatory tip. Renewed my registration on my 2019 pickup for $960. Even though I’m retired law enforcement, I have to submit to a background check and pay my $1 fee, every time I buy ammo. The service people that Jerry referred to, pay income tax based on their sales and are tipped at a rate that’s less than they get taxed on. I have zero judgment on a left or right opinion, these are the facts today where I live. As far as Pay Pal goes, my GUESS is that based on past and current facts, it will be implemented when the state can get it going. So I have a choice to pay or leave. FWIT , I spend a lot of time in Oregon. 

Thanks for the info. I don't google that way unless I have time and this morning I didn't. 

jerry, aka errol flynn, skypunk, etc. is the most cantankerous troll extant. One would think vacationing trolls with their new brides would stay the heck away from the internet and enjoy their honeymoon under some remote jungle bridge, taking in the local flora and fauna and occasional, unsuspecting tourist, but no, not jerry. He has to pollute this site even when away with his bride. She must be so jealous of his spending time on these threads. 

Speaking of which, this is not the only thread the vacationing troll is working on ruining. He's busy insulting everyone he comes in contact with. Not being that familiar with trolls, I thought it wasn't an all consuming thing for them. Some vacation, huh?

All the best,
Nonoise

Post removed 

The IRS is now going after the lowest paid people in the service industry.

 

Where did you find that info?

I decided to do a search and found that CNBC on Dec.16 2022 reported this was still happening and on Jan. 4 2023 Keepertax.com reported that you "may" receive a 1099-k from Paypal for 2022.  Also, that it's only for $20,000 plus in revenue on Paypal., changed from the original $600 revenue amount. They obviously figured out the absurdity.

Plus I don't understand the fear as sales here are generally at a loss and only profit can be taxed. Seems like a target at retail sales done, not the common consumer selling a used piece of equipment.