IRS Announces New $600 Rule

https://www.msn.com/en-us/money/other/irs-announces-new-600-reporting-rule/vi-AA1ZTGZG

There are significant punishments for being late.

This affects all political leanings. This is another wealth transfer from poor gig workers to wealthy corporations and individuals, involves mountains of paperwork navigation that many will have to pay additional money for tax prep and accountants. This is class war and your government declared it on you, on behalf of the ruling oligarchs.

1 points · 2 comments · view on lemmy.world

2 Comments

Zedstrian@sopuli.xyz · 3 pts · 66d

The video seems to be misinformation at best, given that its source is this CNBC article from 2022 on a policy that was reversed by the not-so beautiful bill the republicans passed last year.

BuddhaJoe@reddthat.com · 1 pts · 66d
[ removed ]
cmbabul@slrpnk.net · 1 pts · 66d

If I were a gig worker I just wouldn’t file. At the rate we’re going by the time they get around to you, especially if it happens en masse, there won’t be an entity to hunt you down left. Maybe I’m optimistic