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Paypal Changes for 2022

If I understand this correctly, Paypal, along with all on-line payment sources like Venmo, etc. will now be sending out 1099 forms for all payments totaling $600 you receive in 2022 for goods or services.  The only way around this is to use Paypal friends and family for payment which eliminates any buyer protections.  Is everyone aware of this?

 

Ag insider logo xs@2xdave43
zappas's avatar
zappas
173 posts
 

Wonder what drug dealers are paying.

jl1ny's avatar
jl1ny
419 posts
 

@zappas 

Drug dealers get taxed at the same rate as congressional politicians. 

jerryg123's avatar
jerryg123
3,429 posts
 

And of course this thread devolves into partisan political tripe. 
 

 

ghasley
2,489 posts
 

@dadork 

If you choose to have a kid, great! I don't want to pay for that choice.

I agree with you. That’s why new laws like those in Texas are head scratchers.

 

Alot of people gripe about their high taxes, alot of other people chuckle at what those others think are high taxes.

 

secretguy
1,704 posts
 
jl1ny

157 posts

@secretguy @jond 

Ok Mr. Do Right, give me a friggin’ break…paying taxes is one thing, this nonsense is a blatant overreach by the govt. I get destroyed in taxes, I’d like to know what snow globe you two are living in. 

 

I live in a strange thing called society. You should try it sometime..

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