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Author Topic: Stealth IRS changes mean millions of new tax forms  (Read 1031 times)
Robert
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Posts: 16981


S Florida


« on: May 26, 2010, 06:32:39 AM »

This is not good tickedoff


Stealth IRS changes mean millions of new tax forms
By Neil deMause, contributing writer May 21, 2010: 1:51 PM ET


NEW YORK (CNNMoney.com) -- The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.

The result: A blizzard of new tax forms that the Internal Revenue Service will begin rolling out next year.
http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/
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“Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don’t have time for all that.”
MP
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Posts: 5532


1997 Std Valkyrie and 2001 red/blk I/S w/sidecar

North Dakota


« Reply #1 on: May 26, 2010, 08:42:54 AM »

Paypal included.  So, what this means is, when you sell that Ultimate seat for $300, that you paid $500 for new, it will be reported to the IRS that you got $300 income, and you WILL pay tax on that $300, unless you file the $500 invoice with them.  It also means that you will be needing to provide your social security number to all these places, so they can report it to the IRS.

Remember:  NOT ONE MORE DIME WILL YOU PAY, IF YOU MAKE LESS THAN $250,000.

Obama has become the biggest liar in a long line of political liars!


There will not even be any change left with that hope the majority of you voted for!

MP
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"Ridin' with Cycho"
KY,Dave (AKA Misunderstood)
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Posts: 4146


Specimen #30838 DS #0233

Williamsburg, KY


« Reply #2 on: May 26, 2010, 08:56:07 AM »

"The rule comes with a floor to weed out the most casual retailers: The 1099-K is only required when a merchant has at least 200 payment transactions a year totaling more than $20,000. But it applies to all payment processors, including Paypal, Amazon.com, and others that service very small businesses.

The goal of the new regulations is to catch income that is going unreported to the IRS. The federal government loses an estimated $300 billion each year from the "tax gap" between what individuals and businesses owe and what they actually pay."

Let's stick to the facts. If you have over 200 transactions you ARE a business and SHOULD be paying your taxes so I am not making up the difference.  coolsmiley
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KY,Dave (AKA Misunderstood)
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Posts: 4146


Specimen #30838 DS #0233

Williamsburg, KY


« Reply #3 on: May 26, 2010, 08:59:23 AM »

Paypal included.  So, what this means is, when you sell that Ultimate seat for $300, that you paid $500 for new, it will be reported to the IRS that you got $300 income, and you WILL pay tax on that $300, unless you file the $500 invoice with them.  It also means that you will be needing to provide your social security number to all these places, so they can report it to the IRS.
MP

Not true according to what I read.
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big turkey
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« Reply #4 on: May 26, 2010, 12:54:52 PM »

Remember ole Joe Plummer.

He told him , OBAMA, that if you made less than 250,000 you would pay no new taxes.

No more I should say than you are already.

VIOLATED EVERY THING HE HAS PORMISED.

Open hearings on health care reform.

Did not exactly happen now did it.

Big AL
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fstsix
Guest
« Reply #5 on: May 26, 2010, 01:09:25 PM »

Also a $50 Gun Tax, that's right folks! you have to tell the IRS that you have GUNS and, How Many! But like Polosi from San Fransyco said, we will now see what the 'NOT Health' care bill has in it  Evil  Please....i hope it is false? was in my E.mail today?                             Verified true on Snopes  http://www..snopes.com/politics/guns/blairholt..asp


    Gun owners... look what's on the 2010 tax return....

    


    
    As if we didn't have enough to get upset about!  If you have a gun, I hope it isn't registered!


    It begins... more Freedom gone.... the right to protect yourself and your family gone!  Now ALL GUNS must be listed  on your next (2010) tax return!




    Senate Bill SB-2099 will require us to put on our 2009 1040 federal tax form all guns that you have or own. It will require fingerprints and a tax of $50 per gun.
    This bill was introduced onFebruary 24, 2009, by the Obama staff.  BUT, this bill will only become public knowledge 30 days after the new law becomes effective!  This is an amendment to the Internal Revenue Act of 1986.  This means that the Finance Committee has passed this without the Senate voting on it at all.  Trust Obama?  You must be kidding!
    The full text of the IRS amendment is on theU.S. Senate homepage:www..senate.gov.  You can find the bill by doing a search by the bill number, SB-2099.  You know who to call; I strongly suggest you do.  Please send a copy of this e-mail to every gun owner you know.
    Text of H.R.45 as Introduced in House: Blair Holt's Firearm Licensing and Record of SaleAct of 2009:www..opencongress..org/bill/111-h45/text
    Obama's Congress is now starting on the firearms confiscation bill.  If it passes, gun owners will become criminals if you don't fully comply.

    It has begun... Whatever Obama's "Secret Master Plan" is..... this is just the 'tip of the iceberg!'

    Very Important for you to be aware of a new bill HR 45 introduced into the House. This is the Blair Holt Firearm Licensing & Record of  Sale  Act of 2009.
    Even gun shop owners didn't know about this because the government is trying to fly it under the radar as a 'minor' IRS revision, and, as usual, the 'political' lawmakers did not read this bill before signing and approving it!

    To find out about this - go to any government website and type in HR 45 or Goggle HR 45 Blair Holt Firearm Licensing & Record of Sales Act of 2009.  You will get all the information.

    Basically this would make it illegal to own a firearm - any rifle with a clip or ANY pistol unless:  1) It is registered  2) You are fingerprinted  3) You supply a current Driver's License  4) You supply your Social Security number  5) You will submit to a physical & mental evaluation at any time of their choosing
    Each update change or ownership through private or public sale must be reported and costs $25...  Failure to do so you automatically lose the right to own a firearm and are subject up to a year in jail.
    There is a child provision clause on page 16 section 305 stating a child-access provision.  Gun must be locked and inaccessible to any child under 18.  They would have the right to come and inspect that you are storing your gun safely away from accessibility to children and fine is punishable for up to 5 years in prison.

    If you think this is a joke - go to the website and take your pick of many options to read this..  It is long and lengthy.  But, more and more people are becoming aware of this.  Pass the word along.  Any hunters in your family pass this along.
    This is just a "termite" approach to complete confiscation of guns and disarming of our society to the point we have no defense - chip away a little here and there until the goal is accomplished before anyone realizes it.

    This is one to act on whether you own a gun or not..

    <Search Results - THOMAS (Library of Congress) :

    <H.R.45: Blair Holt's Firearm Licensing and Record of Sale Act of 2009 - U.S. Congress - OpenCongress

    <H.R. 45: Blair Holt's Firearm Licensing and Record of Sale Act of 2009 (GovTrack.us)

    Please...... copy and send this out to EVERYONE in the USA , whether you support the Right to Bear Arms or are for gun control. We all should have the right to choose.

    

    

 
« Last Edit: May 26, 2010, 01:33:48 PM by fstsix » Logged
Serk
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Posts: 21817


Rowlett, TX


« Reply #6 on: May 26, 2010, 01:14:39 PM »

Also a $50 Gun Tax, that's right folks! you have to tell the IRS that you have GUNS and, How Many! But like Polosi from San Fransyco said, we will now see what the 'NOT Health' care bill has in it  Evil


As evil and vile as the current occupants of our government are, this isn't true... The $50 gun tax and registering of your handguns was a proposed bill from back in 2000 that never went anywhere...

http://www.nraila.org/Legislation/Federal/Read.aspx?id=5098

And yes, we DO need to maintain vigilance against ALL politicians, and double vigilance against the sleaze now in control, but we also need to stick to the facts...
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1998 Valkyrie Standard
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Taxation is theft.

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KY,Dave (AKA Misunderstood)
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Posts: 4146


Specimen #30838 DS #0233

Williamsburg, KY


« Reply #7 on: May 26, 2010, 01:17:19 PM »

Also a $50 Gun Tax, that's right folks! you have to tell the IRS that you have GUNS and, How Many! But like Polosi from San Fransyco said, we will now see what the 'NOT Health' care bill has in it  Evil


As evil and vile as the current occupants of our government are, this isn't true... The $50 gun tax and registering of your handguns was a proposed bill from back in 2000 that never went anywhere...

http://www.nraila.org/Legislation/Federal/Read.aspx?id=5098

And yes, we DO need to maintain vigilance against ALL politicians, and double vigilance against the sleaze now in control, but we also need to stick to the facts...



 cooldude cooldude cooldude
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