IRS Reverses Self on $600 Income Reporting Requirement for Paypal, Venmo, CashApp, Etc... for Now
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New IRS Rule Reduces Income Reporting from $20000 to $600 for Paypal, Venmo, CashApp, Zelle, Others

A new IRS reporting requirement reduces the amount to trigger reporting of payments made through online and mobile payment apps from $20,000 to $600 in a calendar year. Previously, under the tax law, you had to reach a $20,000 (twenty-thousand dollar) threshold before Paypal and other payment services were required to issue you a 1099-K. Now if you run more than $600 through Paypal, Venmo, Cash App, Zelle, or any other payment service, that service is required to issue you the 1099-K, which of course is also provided to the Internal Revenue Service (IRS).

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Police Officers Launch Disinformation Campaign on Waze Traffic App

Police in Miami have launched a disinformation campaign by misreporting their own locations in the traffic app, Waze. The police say that this serves two important purposes: first, thwarting Waze’s cop-reporting function so as to not enable drivers who only drive safely when they think they would get caught driving recklessly, and second, to thwart “cop stalkers” who might otherwise show up where a police officer really is for whatever reason.

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Facebook to Start Identifying Hoaxes for You in Your News Feed

It’s the Internet-age old conundrum: How can you tell if something in your Facebook news feed is a hoax or scam? This week Facebook announced that they will start tagging hoaxes for you in your newsfeed. Actually, they will start letting you know when other users have identified and tagged something as a hoax.

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Issue with Quickbooks Can Cause Under-Reporting of 1099 Income

An issue with the 2014 version of Quickbooks 1099 creation module has led to the under-reporting of some 1099 payments (and so 1099 income on the 1099 recipient’s side).

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Palm’s Pres Spying on Palm Pre Users and Reporting Back to Palm

Holy privacy and security issue! A Palm Pre user who is also a securitygeekstud has discovered that Palm Pres (or should that be Palm Pri? Palm Prie? What is the plural of “Pre”?) are spying on Palm Pre users and on how they are using their Palm Pre, and reporting back to Palm!