As someone who has to pay back half of my COVID relief but so many rich people and corporations don’t- I feel this deep in my black soul.
$7000 on top of my student loans👍
I made a $10,000 payment to close out mine a few years ago. Turns out I was right that Biden wouldn’t do anything meaningful on that front, and I was tired of being gouged on the interest.
I still support cancellation though. I wish we were spending 200 billion on that instead of another country’s war.
You should take a second to look up who is in the way of that happening, because it sure as hell isn’t Biden.
It isn’t Biden, who single-handedly struck a deal as a congressman to ensure students couldn’t declare bankruptcy due to crushing student loan debt? Huh.
We should subtract from the military’s budget anything they can’t explain on an audit.
They know exactly where it went. Operation Freedom, abbreviated OF on the ledger…
it’s worse than that, they don’t know that they don’t know. literally no one ever holds them to account, they’ve never been asked the question so why would they need the answer.
Probably bcz the military has all the guns. Who exactly is supposed to hold the group accountable when they could just point a weapon at you and your entire family?
Actually the US civilians have 400-600 million guns, the military has 4.5 million. They do have all the bombs and infrastructure though.
Ha you can’t even receive $50 of digital payments (venmo, cashapp, whatever) without passing an invasive KYC check. Fuck big brother.
I’m not reporting that someone sent me their share of the mortgage through an app rather than cash. Get fucked.
That’s a personal transaction and not business so you don’t have to claim it anyway.
If they do, for any transaction including personal, they are breaking tax laws so… I really don’t think that’s the case at all…
I had the pleasure of teaching people about the 1099-k used to report that from a business standpoint (which anyone needing to report would be using). So while I don’t know a lot, I do know that specific thing about that specific form.
I’m not a tax professional, but this is literally the first tax season these companies are being subjected to the new rules, so erring on the side of caution makes sense for them, but ultimately if they report that based on personal transactions, they are violating IRS regulations, and no company wants to do that if they can avoid it.
Prior to that, the 1099-k rules were really wild, something like a minimum number of transactions plus a minimum amount of income through that specific source. It led to a lot of untraceable transactions in lieu of normal transactions and it was hard to follow up with, plus a lot of people who had no clue they needed to file the form. This is literally just their way of shoring up the rules to make it enforceable for them as an underfunded agency.
Does it? It wasn’t an issue for me until I got paid and they accidently selected “payment”. At which point I had no choice, venmo forced me to give my tax information before they would cancel, or return the money that was sent to me.
They will still be reporting that transaction and there is nothing I can do.
