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A comment on Ask HN: Having trouble getting senior applicants, wondering what to do about it. Parent comment

Re:Ask HN: Having trouble getting senior applicants, wonderi... by giaour on Monday June 20, 2022 @05:11PM (#31815982)
> So there's presumably some threshold where you can just have essentially a petty cash business expense.

$600

[ Parent | on HN ]
Re:Ask HN: Having trouble getting senior applicants, wonderi... by ghaff on Monday June 20, 2022 @05:32PM (#31816302)
How surprisingly sensible. :-)
[ Parent | on HN ]
Re:Ask HN: Having trouble getting senior applicants, wonderi... by grepfru_it on Tuesday June 21, 2022 @01:46AM (#31820337)
Except now the IRS will be watching bank accounts for any transaction totaling over $600 to combat this loophole. Good luck!
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Re:Ask HN: Having trouble getting senior applicants, wonderi... by ghaff on Tuesday June 21, 2022 @03:51PM (#31828338)
They don't need to watch bank accounts. Companies are supposed to issue 1099s for payments over $600.
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Re:Ask HN: Having trouble getting senior applicants, wonderi... by grepfru_it on Wednesday June 22, 2022 @07:05PM (#31843042)
https://www.cbsnews.com/amp/news/irs-bank-account-update-cha...
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Re:Ask HN: Having trouble getting senior applicants, wonderi... by arjvik on Monday June 20, 2022 @10:04PM (#31818943)
Documented anywhere?
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Re:Ask HN: Having trouble getting senior applicants, wonderi... by giaour on Monday June 20, 2022 @10:06PM (#31818957)
https://www.irs.gov/forms-pubs/about-form-1099-misc
[ Parent | on HN ]