Text
Feb
23
2019

Reblogged from spook-mutt :

Reblog if it’s ok for people to give you $599.99

bootyisagirlsbestfriend:

shysweetthing:

imhellafit-personal:

sailed-0ut:

Please don’t hesitate

1 penny below reporting limit for the IRS… I see what you did there

(Don’t give me $599.99)

That’s not the right IRS rule.

$599.99 is the amount below which a business does not need to issue a 1099 to a contractor who provides business services. The contractor still needs to report the income on their taxes.

The correct number for the IRS rule for money that is gifted rather than received in a business transaction is $13999.99–more than that, and the recipient has to pay tax on the gift and report it to the IRS. Less than that, and there’s no taxation or reporting requirement.

If we’re choosing amounts on the basis of IRS limits, give these people $13,999.99. 

Go. Do it.

Reblog if it’s ok for people to give you $13,999.99

1,182,460 notes
  1. sissylovesbbcinher reblogged this from happy68boi
  2. happy68boi reblogged this from fuckmealotoftimesinmyass and added:
    Yes
  3. myblacknightworld reblogged this from titanialeto
  4. titanialeto reblogged this from h-otokichan
  5. wuayo reblogged this from memepants
  6. queenofcongo reblogged this from ocsugah
  7. trotterschan reblogged this from daddy5sos
  8. gaylcarus reblogged this from theselfproclaimedartist
  9. pollock79 reblogged this from radischekuchen
  10. kattila-cifer reblogged this from etherealsorcerer
  11. oiggam reblogged this from daddy5sos
  12. 3goldcoins reblogged this from max-out-of-ten
  13. blackstarrabbit reblogged this from memepants
  14. theselfproclaimedartist reblogged this from araneus-bite
  15. pen-panic reblogged this from reed-900
  16. docflgd reblogged this from cheating-on-mywife
  17. the-little-gay-of-vb reblogged this from releasethykraken
  18. lets-get-that-sugar reblogged this from ocsugah
  19. redtail126548 reblogged this from peblezq
  20. lavender-nova reblogged this from ocsugah
  21. yukionna1us reblogged this from jaypetaljp
  22. peblezq reblogged this from thebootydiaries
  23. jaypetaljp reblogged this from fabletelle
  24. ocsugah reblogged this from mybestfriendhasasugardaddy
  25. droidyouseek reblogged this from trashpolish
  26. newyourkflight reblogged this from productivebuddy
  27. itsallcockamamie reblogged this from benzjr
  28. hoardingusefultips reblogged this from memewhore
  29. abunchofpixels reblogged this from memewhore
  30. benzjr reblogged this from tangathcat
  31. releasethykraken reblogged this from bleary-eyed-blue
  32. mnstermaash reblogged this from bowchickawow-whoa
  33. bleary-eyed-blue reblogged this from atoshre
  34. bowchickawow-whoa reblogged this from candyghosties
  35. candyghosties reblogged this from herawesomenessmisty
  36. herawesomenessmisty reblogged this from musically-a-melody

Theme by Lauren Ashpole