Mr. Bacon on Nostr: for anyone who doesn't know, prior to the 1099-k law, you could just give someone ...
for anyone who doesn't know, prior to the 1099-k law, you could just give someone cash and say "contractor". Now, for everyone over $600 you pay you need to collect their id, ssn, address, ect and send it to the irs.
Needless to say this really fucks small businesses.
Published at
2025-02-15 06:46:38Event JSON
{
"id": "3d27fd0294aa909c54b1dc530decdd1cde1f0f0304ebc7043ea373ef7f1550e5",
"pubkey": "7613a80e5e8ef9d80734bb08cceba9d642a8e8c20313908f52ab38bae0f3b4b5",
"created_at": 1739601998,
"kind": 1,
"tags": [
[
"p",
"7613a80e5e8ef9d80734bb08cceba9d642a8e8c20313908f52ab38bae0f3b4b5",
"wss://relay.mostr.pub"
],
[
"p",
"86258564f12993bdc24900cfebf19c280d99857beed23c4b5029d0cd2460a390",
"wss://relay.mostr.pub"
],
[
"e",
"e5a22e690786bfc3ffee45c2b1432a4c6777a63a4a2e72b137ae42f8f6998212",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://clew.lol/objects/b285f4ed-24a4-440a-ad68-45164479f156",
"activitypub"
]
],
"content": "for anyone who doesn't know, prior to the 1099-k law, you could just give someone cash and say \"contractor\". Now, for everyone over $600 you pay you need to collect their id, ssn, address, ect and send it to the irs. \n\nNeedless to say this really fucks small businesses.",
"sig": "ad6a6f26b8879fe756304c69421110f310640fae88b6521029276e29609bbcc4e6973ddd4ef20b8ab2b3b58bf4b8a1ea26dc1741b10b697f0f540e8101bc277b"
}
