What happened to those dreaded 1099 forms we were going to receive from Paypal?

If the goal were to track down scofflaws hiding retail then I am a bit surprised at this IRS plan. Was not aware that this even happened. Considering COGS for a business that was using such a platform to hide their efforts, and taking an average pretax pure profit after all expenses of 4.5% the targeted taxable profit would be $27 for the transaction in question. The cost of such collections, monitoring and documentation would outweigh the benefit. Not well thought out really from a business perspective.

Yes, we needed another "what happened to 1099-k forms" post.

I'm thinking about starting a thread on new speaker cables, perhaps I'll post it on the IRS site and ask there.

@nonoise 

   +1

@jond wake up and read a newspaper. Or Google it.

Noise 😂