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  • If You Dread the IRS Now, Wait Until You Get a 1099-K

    04/02/2022 11:26:17 AM PDT · by george76 · 95 replies
    WSJ ^ | March 31, 2022 | Ryan Ellis
    In the best of times, the Internal Revenue Service is tough to deal with, and tax season is never fun. But the past few years have seen the IRS lurch from one crisis to another. And things are about to get much worse for millions of taxpayers. In 2021 Congress expanded the reporting requirements of the obscure Form 1099-K. This information-reporting form tracks business transactions done with a credit or debit card or such peer-to-peer services as Venmo and Paypal. Prior to the change, taxpayers received a 1099-K only if they processed more than 200 business transactions, amounting to more...
  • Claim: IRS May Still Be Targeting Conservatives

    05/26/2013 10:24:39 PM PDT · by 2ndDivisionVet · 40 replies
    Breitbart's Big Government ^ | May 26, 2013 | Tony Lee
    Though the White House has insisted the IRS stopped formally targeting Tea Party and conservative organizations in May of 2012, two attorneys representing conservative organizations have claimed the IRS's targeting may still be ongoing. Jay Sekulow of the American Center for Law and Justice (ACLJ) and Cleta Mitchell, the attorney representing True the Vote, have evidence their clients are still being targeted. According to National Review, Sekulow "plans to file suit in federal court in the coming weeks on behalf of more than two dozen conservative groups that claim their harassment at the hands of the nation’s tax authority continued...