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  #1  
Old 06-02-2021
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Exclamation $600 per month or per year

does the red flag go up after the first $600 per MONTH, or per YEAR???
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  #2  
Old 06-02-2021
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Default Re: $600 per month or per year

That will be the annual limit.
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Old 06-02-2021
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Default Re: $600 per month or per year

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Originally Posted by prampreme View Post
does the red flag go up after the first $600 per MONTH, or per YEAR???
what red flag?
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Old 06-03-2021
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Default 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
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Default 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".
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Old 06-03-2021
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Default 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
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Old 06-03-2021
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Default Re: $600 per month or per year

$600 is ridiculous, lol
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Old 06-03-2021
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Default 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.
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Old 06-03-2021
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Default Re: $600 per month or per year

Quote:
Originally Posted by agent006140 View Post
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
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Old 06-03-2021
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Default Re: $600 per month or per year

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Originally Posted by BlackLion View Post
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"
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  #11  
Old 06-04-2021
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Default Re: $600 per month or per year

Quote:
Originally Posted by PepsiCoin View Post
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.
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  #12  
Old 06-10-2021
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Default 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.
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Old 06-13-2021
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Default Re: $600 per month or per year

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Originally Posted by HurricaneHuntr View Post
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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