ETR Posted April 12 Report Share Posted April 12 First things first, I'm no expert on this stuff. I'm also not very political and it would be nice to keep that out of this as well. So now there's a $600/year threshold for additional reporting of electronic payments via a 1099-K. Not necessarily additional taxes, but now our electronic payments between drivers and team owners will come into view. That's my limited understanding of it. I am not an LLC, certainly don't profit, and my drivers are my friends simply paying their share via paypal. Any advice on how to ensure I keep on the up and up? Don't worry because it doesn't really apply? Before anyone suggests cash, that's not ideal with non-local drivers. Thanks 1 Quote Link to comment Share on other sites More sharing options...
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