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Re: PAYPAL IRS Requires Taxpayer ID for Sales over $600
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Originally Posted by jamie72
thats why they hired 87,000 new irs agents..
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Even that would not be enough if the threshold stands at 600. The IRS is already understaffed and would have to try and review almost 50 million 1099-k forms.
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Arshi Siddiqui, a partner at the law firm Akin Gump who is representing a coalition of businesses trying to change the new tax requirements, said she expected that as many as 50 million taxpayers would get new tax statements for the first time as a result of the measure in the American Rescue Plan.
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Even if the IRS hired 87k most of those would not do audits.
https://www.nytimes.com/2022/11/06/u...act-check.html
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Among the I.R.S.s work force of about 79,000 employees, 10,000 are actually agents. (Of those, 8,000 are revenue agents who audit tax filings and 2,000 are special agents who investigate potential tax crimes.) In fact, the two most common I.R.S. jobs have little to do with tax auditing or investigations: about 13,000 are customer service representatives
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79 Chevy 2wd BIG10 350 TH400
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