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-   US Managed Payments (https://www.aspkin.com/forums/us-managed-payments/)
-   -   $600 per month or per year (https://www.aspkin.com/forums/us-managed-payments/143818-600-per-month-per-year.html)

prampreme 06-02-2021 01:43 PM

$600 per month or per year
 
does the red flag go up after the first $600 per MONTH, or per YEAR???

slokor 06-02-2021 01:57 PM

Re: $600 per month or per year
 
That will be the annual limit.

PepsiCoin 06-02-2021 10:42 PM

Re: $600 per month or per year
 
Quote:

Originally Posted by prampreme (Post 1156261)
does the red flag go up after the first $600 per MONTH, or per YEAR???

what red flag?

socialdigial 06-03-2021 11:34 AM

Re: $600 per month or per year
 
probably per year.

I'm from EU and a lot of my new accs doesn't hit MP invitation but only acc which crossed 900$/year

ScottieBoi 06-03-2021 02:51 PM

Re: $600 per month or per year
 
Red flag? What do you mean? Are you referring to the $600 annual limit that's supposed to go into affect next year? I think it's a law, not a "red flag".

yankee 06-03-2021 02:54 PM

Re: $600 per month or per year
 
It is the state you made the account in. Must be VT, MA or IL? But the flag will never go away. Once you hit the federal threshold of 20k and 200 transactions or possibly sooner your account will be limited to collecting more funds indefinitely until you supply a tax number.

As of January 1st 2022, the federal threshold will be $600

BlackLion 06-03-2021 03:15 PM

Re: $600 per month or per year
 
$600 is ridiculous, lol

agent006140 06-03-2021 03:17 PM

Re: $600 per month or per year
 
you can sell something around the house and exceed $600,but IRS does not expect you ti turn a profit if y ou are selling something you bought new and sold as used.

BlackLion 06-03-2021 03:37 PM

Re: $600 per month or per year
 
Quote:

Originally Posted by agent006140 (Post 1156467)
you can sell something around the house and exceed $600,but IRS does not expect you ti turn a profit if y ou are selling something you bought new and sold as used.

We should meet up, and discuss this over a cup of Green Tea with Honey added or Stevia. Whichever you prefer

PepsiCoin 06-03-2021 09:13 PM

Re: $600 per month or per year
 
Quote:

Originally Posted by BlackLion (Post 1156473)
We should meet up, and discuss this over a cup of Green Tea with Honey added or Stevia. Whichever you prefer

you're a Canibus fan you only like "real hip hop"

BlackLion 06-04-2021 12:44 PM

Re: $600 per month or per year
 
Quote:

Originally Posted by PepsiCoin (Post 1156513)
you're a Canibus fan you only like "real hip hop"

Are you the guy that messaged me about that awhile back? Canibus is a true emcee.

HurricaneHuntr 06-10-2021 09:20 AM

Re: $600 per month or per year
 
600$ or 6000$ what does it matter? Unless you are stealing tax ids and wanting to burn them, the thresholds are irrelevant. Maybe me and a handful of other USA people are in the minority. But, i pay my taxes even when it's NOT under my tax id.. eg.. when it was stealth, why? well, because some day i want to get a SS check and if you ever want a loan or a home, you're gonna need to show having a real job. oh and it's the proper thing to do.

ScottieBoi 06-13-2021 10:26 AM

Re: $600 per month or per year
 
Quote:

Originally Posted by HurricaneHuntr (Post 1157454)
600$ or 6000$ what does it matter? Unless you are stealing tax ids and wanting to burn them, the thresholds are irrelevant. Maybe me and a handful of other USA people are in the minority. But, i pay my taxes even when it's NOT under my tax id.. eg.. when it was stealth, why? well, because some day i want to get a SS check and if you ever want a loan or a home, you're gonna need to show having a real job. oh and it's the proper thing to do.

It matters because when you hit that threshold, you have to confirm your identity. That's the entire concern.


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