CURRENT EVENTS May 22 - July 5

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$600 is the IRS threshold for a 1099 to be issued by the payer, hence income of over $600 from Venmo (who is the record keeper on such transactions) is taxable. Other wise every business would instruct its customers to pay via Venmo so they wouldn't be taxed.

Say you pay the person who cuts your hair via Venmo.....should individual service providers be exempt from income taxes? It is a way of making sure such people report their income which is, rightfully, taxable.

The 87,000 new IRS employees weren't hired to go after Venmo recipients. They were hired to go after Trump's pals.
 
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nycfan said:

DHS inserts staffers at FEMA in major shakeup before hurricane season​


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www.cnn.com

“The Department of Homeland Security is inserting more than a half-dozen of its officials into key front office roles at the Federal Emergency Management Agency to effectively run the agency, according to multiple sources and an internal memo obtained by CNN.

The major shakeup comes less than two weeks before the official start of hurricane season. The homeland security officials will replace several longtime FEMA leaders, marking an inflection point in the Trump administration’s takeover of the disaster relief agency.

In a memo issued Wednesday, FEMA leadership formally announced the sweeping reorganization amid confusion, turmoil and a shrinking workforce at the agency under the administration, which has vowed to “eliminate” FEMA altogether.

The new officials will serve in critical advisory positions under new acting FEMA administrator David Richardson, a DHS official himself. They appear to have limited experience managing natural disasters, according to bios included in Wednesday’s announcement. Like Richardson, most of them have been serving in the Countering Weapons of Mass Destruction office at DHS, and some will split their time with their other roles at Homeland Security.…”
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Taxes on gambling winnings 🤔😉

Tax Form W-2G should be given to you if you have a gambling win of:

  • $600 or more if the amount is at least 300 times the wager (the payer has the option to reduce the winnings by the wager)
  • $1,200 or more (not reduced by wager) in winnings from bingo or slot machines
  • $1,500 or more in winnings (reduced by wager) from keno
  • More than $5,000 in winnings (reduced by the wager or buy-in) from a poker tournament
  • More than $5,000 from sweepstakes, wagering pools, and lotteries
 
Hey NC MAGAs: you got fucked. They played you for chumps. You were worried about FEMA spying on you? Cool. It's gone. Stein is going to be in office four years and Trump isn't going to authorize any relief during that time, you watch.
 
nycfan said:
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A female suspect. That is somewhat odd and irregular. Yes, women do commit and or attempt murder, but an attempt at mass murder - killing random people - is somewhat rare. Yes, there are some examples in the past, bombings, Charles Manson gang murders and so forth. But it’s usually a male perpetrator trying to kill multiple people at one time. Odd.
 


More than 100 National Security Council staffers put on administrative leave​


“The Trump administration has put more than 100 officials at the National Security Council at the White House on administrative leave on Friday as part of a restructuring under interim national security adviser and Secretary of State Marco Rubio, according to two US officials and another source familiar with the matter.

… An email from NSC chief of staff Brian McCormack went out around 4:20 p.m. informing those being dismissed they’d have 30 minutes to clean out their desks, according to an administration official. If they weren’t on campus, the email read, they could email an address and arrange a time to retrieve their stuff later and turn in devices.

The email subject line read: “Your return to home agency,” indicating that most of those affected were detailed to the NSC from other departments and agencies. …”
 
Silence Dogood said:
Very misleading. The additional irs agents were added while the current staff was already 78,000. So the size practically doubled. It beome larger than some agencies combined. And the threshold for third party online payments before an audit was triggered was lowered to $600. Before it was 200 transactions and $20,000.
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No, it really isn't. To cut down on fraud you're going to need more agents. And you didn't even address why Trumpers want to sharply reduce the number of agents. The reason - which you simply refuse to discuss - is obvious. The fewer agents the IRS has, the more difficult it becomes to stop fraud and catch waste. And as others have already pointed out, the IRS didn't add all of those agents to catch Venmo abusers, lol.
 
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