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.

Ag insider logo xs@2xsoundsspectacular

1) Nope. Nowhere near the top 10%

2) No, I'm down with the other 229 Million who support them.

Unfortunately, some states did implement the 600 threshold for 2022 even though the feds delayed it so many of us who lived in those states received a 1099 and will have to report the amounts on both forms.

And that's one reason why it's nice to live in Texas with no state income tax!

 

 

Tell me where California ranks when it comes to taxing it's citizens and, get a lead of the breakdowns.

All the best,
Nonoise