Laura Saunders
speaker
5,937 appearances
109 recordings
1 series
first heard Jul 2017
last heard Nov 2024
Laura Saunders’s voice in public audio — every appearance, attributed to the second.
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Appearances
Listen, if you find a $100 bill on the sidewalk, you owe the tax.
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It's not, you know, this is not a tax exemption.
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It's a tax reporting exemption.
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It's who has to send the 1099 and who doesn't.
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Yes.
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Taxpayers are on their honor today.
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There are some states that still have a $600 exemption, and they are enforcing it.
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So that while you may not be getting an Airbnb 1099K for federal tax purposes, you might get it for state tax purposes.
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Yes.
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We had advice from a specialist in this area, and she said, be sure if you move states that you tell the platform that you've moved because this could affect your state tax reporting.
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So now Venmo has sort of a fork in the road.
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When you make a payment, you say whether it's, quote,
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friends and family, or business and services.
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If it's friends and family, then probably you were paying somebody back for a part of dinner or something like that.
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Those things are not subject to IRS reporting, according to PayPal, according to Venmo.
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It's the business and services element that is.
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That's exactly right.
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WSJ Your Money Briefing · Should You Take the Standard Deduction on Your Tax Return? · 18 Jan 2024
podcast
Maybe they don't have a lot of state taxes to deduct or they don't own a house with a big mortgage or they've paid off the mortgage.
So in many cases, the standard deduction could be a better deal than itemizing your deductions on Schedule A. It could not only be a better deal, it could be less trouble.
Well, it's to save you a lot of trouble.
Showing 461–480 of 5,937 · page 24 of 297
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