mrbrklyn's Blog

02 Jan 2022

New Tax Laws track coin collectors closely

Credit Cards | mrbrklyn

Part of the American Rescue Plan Act of 2021 they changed IRS reporting rules for banks and Third Party Paying serivces like Paypall which if you recieve more than $600 in payment for goods or services per year will be reported by the IRS on an 1099-K form.https://www.irs.gov/businesses/understanding-your-form-1099-k

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