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With new rules requiring IRS disclosure for all sales over $600, and in view of the fact that eBay dealers were specifically mentioned, does anyone have any idea of what buyers and sellers are doing for sales over $600 privately? How about a seller to a jewelry store or gold dealer?

In need of self employment advice- 1099 contractor.

California’s giant ride-hailing and delivery companies suffered a major setback Friday as a state Superior Court judge invalidated a 2020 ballot proposition that allowed Uber, Lyft, DoorDash and other businesses to classify their workers as independent contractors. In a lawsuit brought by the Service Employees International Union, Alameda County Superior Court Judge Frank Roesch ruled that parts of Proposition 22 are unconstitutional because they infringe on the power of the Legislature to include app-based drivers under the state’s workers’ compensation law. Gig economy companies spent more than $220 million last year in the nation’s costliest-ever ballot initiative campaign after the...

The fools at the IRS have done it again. Make change where there is no need for change and adding to taxpayer burden. The IRS is using a new 1099 this year for Miscellaneous Income. We now have to use Form 1099-NEC for Non-employee Compensation. Copy A of the Form 1099-NEC from the IRS website is not scannable therefore, it cannot be filed as the IRS copy. You can order the forms by visiting www.IRS.gov.orderforms or they can be purchased in stores. You can look at the form and download it but it is plastered with all manner of warnings...

Since California’s controversial anti-freelancer bill was signed into law in September 2019, one (not unpredictable) result has been staffing shortages in the healthcare industry, particularly in fields generally staffed by contractors or locum tenens providers: physicians assistants, nurses, nurse anesthetists, and respiratory therapists. As the Wuhan coronavirus made its way into California, advocates who’ve been pushing to fix/amend/repeal AB5 let Asm. Lorena Gonzalez, the bill’s author, know in no uncertain terms that unless enforcement of AB5 was suspended until the crisis passed Californians who needed care from these professionals would die. Gonzalez didn’t listen, and people are dying. The populations...

A nonprofit legal foundation is suing California on behalf of freelance workers who say the state's recently passed Assembly Bill 5 (AB5) will destroy their livelihoods. Set to take effect on January 1, 2020, AB5 will make it illegal for contractors who reside in California to create more than 35 pieces of content in a year for a single company, unless the outlet hires them as an employee. "By enforcing the 35-submission limit, Defendant, acting under color of state law, unconstitutionally deprives Plaintiffs' members of their freedom of speech as protected by the First and Fourteenth Amendments to the U.S....

Vatican officials have mounted an extraordinary challenge to the ancient Order of Malta. But what is the row really about?The Sovereign Military Order of Malta is one of the more improbable success stories of the 21st-century Church. Founded in 1099 to provide hospital care and military defence in the Holy Land, it has retained much of its medieval tradition and ceremony. But it has also, by gradual reform, become a powerhouse of international aid. More than 100,000 members, medical staff and volunteers are offering practically every form of charitable assistance around the world, from handing out sandwiches to the homeless...

I am finding businesses demanding I fill out the i.r.s. w-9 form for small jobs where the total payment is under $600. This is subcontractor type work reportable with 1099-misc form at year's end, only if the amount exceeds $600. I am being told that failure to comply could result in an i.r.s. fine of $50. Web research suggests that business have the option to require w-9 compliance http://smallbusiness.chron.com/am-required-law-obtain-form-w9-vendors-32756.html From that site: "The IRS requires that you obtain a W-9 from every vendor from whom you purchase $600 in labor and services or $5,000 in direct sales, but you can...

Is the individual mandate in ObamaCare a tax? No, said Nancy Pelosi. No, said DNC chair Debbie Wasserman Schultz, even if the IRS is the only agency that can enforce it. No, said Jay Carney, or at least, "it is not a broad-based tax."Of course, Mitt Romney called it a tax --- eventually. Yesterday, his opponent in the election weighed in on the issue, and … have we reached a consensus?CLICK ABOVE LINK FOR THE VIDEO OF OBAMA ADMITTING HE LIED TO US “By the way, if you’ve got health insurance, you’re not getting hit by a tax,” President Obama...

Astros faithful Bob Choate's tale of doughnuts, taxes and baseball seems to have reached a relatively happy ending as the deadline strikes to file income taxes. On last year's Astros' fan appreciation day, the 56-year-old won 315 coupons from Shipley's Do-Nuts, each worth a cup of coffee and either a free doughnut or a dozen doughnut holes. However, he later received an IRS Form 1099 stating that he owed taxes on his prize, which was valued at $927.61. Choate protested to the Astros and to Shipley's, claiming that the actual value of his prize fell below the $600 threshold that...

US Businesses can now breathe a big sigh of relief. On Tuesday, the US Senate passed legislation to repeal the expanded 1099 information tax return requirements which were part of last years health care legislation as well as the 1099 reporting requirements for individual taxpayers that receive rental income. The US House of Representatives had already passed the same bill on March 3rd, so it now will go to the President for his signature. The repeal addresses two pieces of legislation that were enacted in 2010, the Patient Protection and Affordable Care Act (PPACA) and the Small Business Jobs Act....

For all the talk by congressional candidates last year of repealing Obamacare, sane observers knew that it was never going to happen in one full court press. From the beginning, this was a process which was going to have to be tackled piecemeal. While court challenges to the government mandate may eventually cut the legs out from under it entirely, other sections have been targeted for a legislative remedy and the first of those is now heading to the president’s desk. After a months-long battle, the Senate voted Tuesday, 87 to 12, to repeal the 1099 tax-reporting requirement in Democrats’...

Senate repeals health law's 1099 provision, sends bill to presidentBy Josiah Ryan - 04/05/11 01:23 PM ET After a months-long battle, the Senate voted Tuesday, 87 to 12, to repeal the 1099 tax-reporting requirement in Democrats’ healthcare reform bill. The measure now goes to the president, who is expected to sign it, making it the first part of his party’s signature reform bill to be scrapped. The measure, initially included as a funding measure for the healthcare bill, does away with the requirement for companies to report to the IRS transactions valued at more than $600. While the provision has...

Pelosi Statement on Passage of 1099 Legislation March 03, 2011 Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after the House passed the Small Business Paperwork Mandate Elimination Act, which repeals the expanded 1099 small business reporting requirements included in the Affordable Care Act and pays for it by raising taxes on middle class families by up to $5,000: "House Democrats support repealing the expanded 1099 requirement on small businesses and we voted on a bill last year to achieve this goal – paid for by closing tax loopholes that allowed corporations to ship jobs overseas....

Today was another fine example of how the Republican Party gets labeled as the stupid party. Senator Dick Durbin hinted two days ago that the Senate Democrats would be unified in their opposition to repeal Obamacare except for one or two. In other words, the GOP had the opportunity to get Democrats to jump ship. But Democrats have signaled that they want to “fix” Obamacare, not repeal it. So the GOP gladly obliged. Without any obstruction, the GOP went along with the Democrats’ changes to the onerous 1099 provision.

I have been searching for the origin of the IRS 1099 reporting requirement in the Obamacare bill. Can anyone shed some light on who specifically is to blame?

As expected, all 47 Senate Republicans voted Wednesday to repeal the sweeping health law, but no Democratic members joined them, leaving the GOP well short of the 60 needed to pass. But the bill, which easily cleared the GOP-led House last month, forced vulnerable Senate Dems to once again back the controversial legislation. Meanwhile, the Senate voted 81-17 to roll back the much-hated “1099” tax-reporting requirement. The obscure ObamaCare provision would have required companies, starting in 2012, to file a 1099 tax form every time they make cumulative purchases of $600 or more from any business.

Members of the U.S. Senate and House of Representatives seem to be jockeying for position to carry the bill that actually repeals the mandate for businesses and individuals to report every supplier paid more than $600 a year. The so-called Form 1099 mandate was part of the health reform law Congress passed last year. Supporters said the reporting requirement is key to financing health reform by collecting an estimated $17 billion in unpaid federal taxes.

Tax pros now fear that tax evasion could go viral if the health-reform bill’s new 1099 requirement takes effect next year. They say more small businesses will likely opt to do all-cash transactions under the table to avoid the 1099 reporting requirement, and all of its onerous provisions, which are worse than small businesses may realize. That's the direct opposite effect of what lawmakers had hoped for, and it would pose a bad development for the Internal Revenue Service, which for years has been under pressure from Congress to bring in more tax revenue. That revenue is needed now more...

"[W]e have to pass the [Healthcare] bill so you can find out what’s in it."                                         —House Speaker Nancy Pelosi, March 9, 2010 Background Section 9006 of ObamaCare expands information reporting requirements to the Internal Revenue Service (IRS) for business transactions in excess of $600 in goods or services.  Starting in 2012, ObamaCare mandates that all businesses file an IRS Form-1099 for any vendor with which they have more than $600 in yearly transactions.  With an unemployment rate above nine percent for 20 consecutive months, this monstrous accounting and paperwork burden will not provide any incentive to create jobs.  To...