Rep. Carol Miller (R-W.Va.) reintroduced a bill that would end a tax reporting requirement for e-commerce sellers like Venmo, PayPal, and Etsy to send tax forms to users with more than $600 in transactions.
The IRS delayed the change—which would have lowered the requirement to $600 from $20,000 for this tax reporting season—for one year. Miller’s bill, introduced Monday, would revert the requirement back to a $20,000 threshold on at least 200 transactions.
Miller said the legislation, titled the “Saving Gig Economy Taxpayers Act,” is needed because there was a question of whether the agency had the authority to ...
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