Why Nostr? What is Njump?
2023-02-17 00:55:09

Sean on Nostr: "Under the law, beginning January 1, 2023, a TPSO is required to report third-party ...

"Under the law, beginning January 1, 2023, a TPSO is required to report third-party network transactions paid in 2022 with any participating payee that exceed a minimum threshold of $600 in aggregate payments, regardless of the number of transactions."

The idea that you can skirt the $600 reporting by keeping your transactions under that amount is false. It's $600 annually, not per transaction.
https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k
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npub1ct4nj44evxq90se6u0u36h4l6yrak2dpgkacpwyarq42tvs28l8qfytl8c