If they wanted to get to the income, they should have the tenants fill out 1099s. This way landlords are sending 1099s to Home Depot, the utility company and the mortgage company. This is ridiculous.
Ooooo, I thought they had to report the income, not send 1099 forms to Home depot :)
That’s insane. I read that purchases made by CC or check will not trigger the requirement, or that a such change was being considered.
They really despise independent minded people, now don’t they?
Communist Manifesto plank #1:
1. Abolition of private property and the application of all rents of land to public purposes.
“This way landlords are sending 1099s to Home Depot, the utility company and the mortgage company. This is ridiculous.”
What better way to justify post office budget increases?