4 ms·
>the number of transactions captured may increase as it becomes more likely that minor expenditures will aggregate to at least $600 and trigger the reporting re
by billswift 16y ago
>the number of transactions captured may increase as it becomes more likely that minor expenditures will aggregate to at least $600 and trigger the reporting requirement.
$12 a week for 50 weeks, or $50 a month for 12 months, breaches the reporting requirement. It will be a royal pain to keep track of everything. The IRS is saying there will be no new requirement if you are paying with a credit card though.