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1099-K Requirements | TCC

Some new 2022 1099-K requirements are causing a lot of angst and misinformation out on social media. So much so that everyone is saying that Biden’s new 1099-K requirements will force people to pay taxes on everyday transactions if they get more than $600 in payments via apps like Cash App, Venmo, PayPal, Zelle, Stripe, Google Pay and Apple Pay. Well, in this video Jared helps you sort through what is real and what is fake news! 😲😉 You’ll also learn who will and will NOT get a Form 1099-K if they receive more than $600 in 2022 via one of these apps. Tax Chit Chat S2 EP 12 1099-K Requirements 🕘Timestamps: 0:00 Intro 1:01 What did the law change? 1:36 What does this mean for 2022? 2:08 Who should be worried about this change? 3:05 The bottom line? 3:25 The IRS says it’s losing how much in taxes? 📚📺📻 Resources Online posts misrepresent tax proposal: https://apnews.com/article/coronaviru... PWC Article (1099-K Changes): https://www.pwc.com/us/en/services/ta... Cashapp tax debunk: https://mashable.com/article/venmo-ze... H.R. 1319 - American Rescue Plan Act of 2021: https://www.congress.gov/bill/117th-c... IRS Commissioner Rettig on Tax Gap: https://www.reuters.com/article/us-us... Jared’s Book Pathways To Wealth: https://amzn.to/3nrX002 🎙🎥💻📸 Gear & Other Things We Use TubeBuddy: https://www.tubebuddy.com/WRCO Xenvo TruView 0.45 x Wide Angles Lens: https://amzn.to/2Zim556 Saramonic Wireless Lav Mic: https://amzn.to/2ZffOHu Boya Lav Mic: https://amzn.to/3b6Rryp Diety Lav Mic: https://amzn.to/3CefG9E Blue Yeti X Mic: https://amzn.to/3juZn1a Neewer Light Set: https://amzn.to/3EbQxwX Small Neewer USB Light Set: https://amzn.to/3jtzOxi Back Drop Rigging: https://amzn.to/3vGrajM Black Backrop: https://amzn.to/2ZhQD78 LIFX LED Light Strip: https://amzn.to/3b3LPVL What is Tax Chit Chat? Do you really "understand" taxes? Do you want to learn the best ways to cut your tax bill while staying on the good side of the IRS? Well, that's the point of this video series. Here, we hope to help YOU Slash Your Taxes Legally and Ethically! 😉 Subscribe to this channel to never miss another money/tax educating video!! Here, you will learn tips and tricks to save money on taxes, build wealth, and make financially sound decisions that impact not only your future, but the future of generations to come. Have questions? Want them possibly answered on a future episode? We would love to answer them! Simply shoot us an email at: [email protected] Your friends, The Professionals at Wilson Rogers & Company 🎶 Song Credits: Fresh Start by Joakim Karud   / joakimkarud   Creative Commons — Attribution-ShareAlike 3.0 Unported— CC BY-SA 3.0 Free Download / Stream: https://bit.ly/_fresh-start Music promoted by Audio Library    • Fresh Start – Joakim Karud (No Copyri...   🎨 Artwork: Michael R. Voogd www.VoogDesigns.com (805) 768-4503 🎤 Host: Jared R. Rogers, CPA Wilson Rogers & Company, Inc. – Chicago, IL The content and topics covered in this video are like those of The Money Guy Show, The Dave Ramsey Show and Your Money, Your Wealth in parts. A large influence on this series’ style can be found via content creators Dr. Lynn Richardson, Tommy Bryson and Minority Mindset. DISCLAIMERS & DISCLOSURES ❤ **This video is meant to provide competent and reliable information regarding the subject matter covered. However, it is viewed with the understanding that the creator and provider are not engaged in rendering legal, financial or other professional advice. Laws and practices often vary from state to state, and as such, the information presented herein is educational in nature, is not individualized, and is not intended to serve as the primary or sole basis for your financial decisions. If legal or expert assistance is required, the services of a professional should be sought. The creator and provider specifically disclaim any liability incurred from the use or application of the contents of this video. Some of the links contained in this description are affiliate links. Wilson Rogers & Company is a participant in the Amazon Services LLC Associates Program (and others) which is an affiliate advertising program. Should you make a purchase via one of the links above, we will earn a small commission with no additional cost to you. To that end, we thank you for your support! 😉 ** -------------------------------SOCIAL------------------------------- 👥Facebook:   / wilsonrogersco   📷 Instagram:   / wilsonrogersco   🐦Twitter:   / wilsonrogersco   #1099krequirements #$6001099k #cashapp1099 #taxchitchat #jaredrrogerscpa #makemymoneymakesense #TCC