Buyers & sellers be aware of the new 1099 IRS for $600 per year, reporting scheme.

Moderator: Rob Voska

Forum rules
Items listed for sale should be appropriate for the audience of this forum - think before you post! Listings will be auto-pruned after 30 days (expired - deleted).
Post Reply
Mark Loraine
Posts: 88
Joined: Fri May 08, 2009 10:51 pm
Vintage Karting items owned: ProX 77,McC R1,Bug Stinger Dual.
User Agreement: Yes
Location: SWNY14755

Buyers & sellers be aware of the new 1099 IRS for $600 per year, reporting scheme.

Post by Mark Loraine » Mon Jan 10, 2022 12:42 pm


Buyers and sellers be aware of the new 1099 IRS for $600 per year, reporting scheme.

This Y/T 13 minute video will let you know basically how buying and selling will affect the vintage karting world as we knew it.
Cash will be KING, a distant 2nd will bartering/swapping.
Soon they will close the USPS Postal Money order loophole.
And when you sell for $599.99 you’ll be charged with structuring!
(that last one is my opinion)

It affects all those payment services like Paypal as well.
That’s why you’re eBay account had to be linked to directly to your checking account after they gave Paypal the boot last June of 2021.
https://www.youtube.com/watch?v=wEzunQzf4IU


Just a heads up Gentleman.
Regards,

Mark L./SWNY

REAR
Posts: 1136
Joined: Sat Jun 16, 2007 10:19 am

Re: Buyers & sellers be aware of the new 1099 IRS for $600 per year, reporting scheme.

Post by REAR » Tue Jan 11, 2022 10:43 am

Just another one of the many good reasons to attend THE BIG ONE.

Simply put, the best swap meet in all of Historical Karting.

R.E.A.R.

Post Reply