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Congress plays chicken over paying for 1099 mandate repeal
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<p>[QUOTE="GDJMSP, post: 1106051, member: 112"]That depends on an entirely different law. The IRS has always had regulations that define the line that separates private individuals from businesses. And that law has always applied to those who buy and sell on ebay. If, according to previously existing regulations, a person should be defined as a business because of his buying and selling habits then that person always was required to report the income. </p><p><br /></p><p>Again, the concern here is that those who have been breaking the law in previous years and getting away with it wil lno longer be able to do so. Well guess what ? That is exactly what the new law is supposed to stop. It is a tool to try and catch those who not been following the previously existing laws. If people obeyed the law to begin with then Congress wouldn't have to change things around to catch them.</p><p><br /></p><p>To tell ya the truth, I don't see a problem with them doing so. People who try to avoid paying their lawful taxes by illegal means should be caught.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1106051, member: 112"]That depends on an entirely different law. The IRS has always had regulations that define the line that separates private individuals from businesses. And that law has always applied to those who buy and sell on ebay. If, according to previously existing regulations, a person should be defined as a business because of his buying and selling habits then that person always was required to report the income. Again, the concern here is that those who have been breaking the law in previous years and getting away with it wil lno longer be able to do so. Well guess what ? That is exactly what the new law is supposed to stop. It is a tool to try and catch those who not been following the previously existing laws. If people obeyed the law to begin with then Congress wouldn't have to change things around to catch them. To tell ya the truth, I don't see a problem with them doing so. People who try to avoid paying their lawful taxes by illegal means should be caught.[/QUOTE]
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