Millions of gig workers and sellers that use payment networks like PayPal, Venmo and Zelle look set to get a tax form in the new year that they haven’t received before – unless a corporate lobbying push is successful.
Millions of gig workers and sellers that use payment networks like PayPal, Venmo and Zelle look set to get a tax form in the new year that they haven’t received before, unless a corporate lobbying push is successful.
Supporters of the shift say it’s about helping workers document their income so they can later get Social Security and other benefits, while critics have described it as burdensome or a “cash grab.” The group says it supports bills put forth by some lawmakers that aim to raise the 1099-K reporting threshold to $5,000 or even put it back at $20,000, saying the measures “represent a starting point for a bipartisan compromise.”
Labor is likely to lobby on the other side of the issue, as unions have the view that anything that facilitates reliance on a gig-economy model is bad for workers’ rights and hinders their organizing efforts, according to Marcus.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
IRS Audits That Included Comey, McCabe Were Random Selections, Report FindsIRS research audits in 2017 and 2019—the years that FBI leaders James Comey and Andrew McCabe were selected for those intensive exams—were random, according to an inspector general’s report.
Les mer »
IRS raising interest rates starting Jan. 1Expect a hike when it comes to overpayment and underpayment penalties.
Les mer »
Kanye West Claims IRS ‘Froze’ His Accounts Due to $50 Million in Owed TaxesKanye West claimed the IRS ‘froze’ his accounts over owed taxes on the Monday, November 28, episode of the ‘Timcast IRL’ podcast — read more
Les mer »
Kanye West said IRS froze his accounts because he owes $50M in taxesWest, who changed his legal name to Ye, made the revelation during an interview with right-leaning podcaster Tim Pool on Monday.
Les mer »
Your next tax refund may be smaller, IRS warns: Here’s whyThere are several factors that could mean a smaller tax refunds in 2023, the IRS said.
Les mer »
House committee receives Donald Trump's federal tax returns from IRS | CNN PoliticsThe House Ways and Means Committee now has six years of Donald Trump's federal tax returns, ending a yearslong pursuit by Democrats to dig into one of the former president's most closely guarded personal details.
Les mer »