Online voting is now open for the People’s Choice Award winner in the Wildlife Photographer of the Year contest, an annual competition developed and produced by the Natural History Museum, London. You can chose your favorite from among 25 shortlisted photos of the near-50,000 submitted to the competition. From…
The IRS has announced a delay on implementation of the law requiring payment processing companies like Paypal report payments of $600+. The bureau will implement the rule with a three-prong approach:
Year 2023: For the current tax year, the IRS will delay making any changes. Companies can use the old formula and only send out a form 1099-K to someone who received $20,000 in payments AND had more than 200 transactions.
Year 2024: The IRS will begin a phase-in of the new law and require payment processors to send a 1099-K tax form at a lower $5,000 threshold.
Year 2025 (or sometime later): The law will be enforced at the $600 threshold.
Some important things to remember:
This 1099-K reporting requirement does not affect whether you do or don’t owe taxes, it’s just an informational form.
The 1099-K requirement is not only for big payment processing companies like Paypal. Even a shopping portal like Rakuten might be required, in some instances, to send a 1099-K.
Use of direct payment services like Zelle should not cause you to get any tax form.
Some states already have more strict requirements and people in those states have been getting the form 1099-K at lower amounts for many years. (Vermont, Maryland, Virginia, Massachusetts, Illinois)
A business might elect to send a 1099-K at amounts lower than the IRS requirement. Here we are just saying that they are not federally mandated to do so under the $20k (for 2023) or $5k (for 2024) threshold.
Businesses should not count sending money to a friend (e.g. using Paypal’s ‘friends and family’ or similar Venmo payments). However, it’s difficult to say for sure that companies will compute everything properly.
Keygens offered two things to the players of games: license keys to play their pirated copies, and awesome music, much of it trackedchiptunes, though many have pleasantly low-fi samples too. Kevin Gut's Keygen Library Player has 4,504 of them. — Read the rest
For his new video series, David Friedman of Ironic Sans finds out the secret behind an unusual object that Joe Biden has placed in the Oval Office: an empty picture frame. The object turns out to be….well, I won’t spoil it, but a few other presidents have had this thing in their Oval Offices as well.
Joe Biden put an empty picture frame in the Oval Office and it’s got a lot of people asking questions. Has a photo been removed? Is something being censored and hidden from the public? I have the answer! And it takes us down a bit of a rabbit hole.
Google Maps continues to get new features and updates more often than you’d think, and if you haven’t been paying attention, you might have missed a number of changes that can make getting around a lot easier.