Hurry and Reconsider you use of Venmo, PayPal or Other Payment Apps

President Biden said that anyone making less than $400,000 per year would not a dime more in taxes….now a lie. Apps of all sorts are already asking for your banking information. Note….the banking information is getting reported by payments apps and other online sites such as Etsy, Marketplace and OfferUp. As you read further, understand what is not being revealed. The IRS is using private corporations to aid them in reporting personal information about you. Getting a 1099 could easily put you in a higher tax bracket dust because you collected dues from team members, sold an old umbrella or work on the side selling a potholder you knitted.

Best Mobile Payments Apps to Send & Receive Money | MyBankTracker photo source

FNC: Americans who made money online this year could be in for a potentially brutal shock when they file their taxes in 2023.

That’s because, beginning next year, taxpayers must report to the IRS transactions of at least $600 that are received through payment apps like Venmo, PayPal and Cash App.

In an explainer posted online last month, the IRS warned small business owners about the $600 threshold for receiving Form 1099-K for third-party payments exceeding $600.

Third-party payment processors will now be required to report a user’s business transactions to the IRS if they exceed $600 for the year. The payment apps were previously required to send users Form 1099-K if their gross income exceeded $20,000 or they had 200 separate transactions within a calendar year.

“I think it will come as a shock out of nowhere that people are getting these,” Nancy Dollar, a tax lawyer at Hanson Bridgett, told FOX Business.

Democrats made the change in March 2021, when they passed the American Rescue Plan without any Republican votes.

Now, a single transaction over $600 will trigger the form. The change is intended to crack down on Americans evading taxes by not reporting the full extent of their gross income. However, critics say that it amounts to government overreach at its worst and that it could ultimately hurt small businesses.

The lower reporting threshold threatens to sweep up millions of Americans who make money online. Roughly one in four Americans rakes in extra income on the side by selling something online, renting their home or using a digital platform to do work, according to the Pew Research Center.

The change could discourage some Americans from participating in the gig economy, according to Dollar.

“Everyone I know offloads old goods that they have on these platforms because it’s so easy,” Dollar said. “Or they’ve been engaging in gig work on a very casual basis, and that affects gig workers as well who have been underreporting their income. I think it’s going to force people to either cut down on those activities or kind of take them more seriously and track them.”

The new rule only applies to payments received for goods and services transactions, meaning that using Venmo or PayPal to send a loved one a gift, pay your roommate rent or reimburse a friend for dinner will be excluded. Also excluded is anyone who receives money from selling a personal item at a loss; for example, if you purchased a couch for $300 and sold it for $250, the amount is not taxable.

“This doesn’t include things like paying your family or friends back using PayPal or Venmo for dinner, gifts, shared trips,” PayPal previously said.

To be clear, business owners are already required to report that income to the IRS. The new rule simply means that the IRS will figure out what business owners earned on the cash apps, regardless of what that individual actually reports on their 1099-K, because it broadens the scope of the threshold.

Form 1099-K is used to report goods and services payments received by a business or individual in the calendar year, but there are certain exclusions from gross income that are not subject to income tax, including amounts from selling personal items at a loss, amounts sent as reimbursements and amounts sent as gifts.

For the 2022 tax year, you should consider the amounts shown on your Form 1099-K when calculating gross receipts for your income tax return,” PayPal said in a Q&A on its website. “The IRS will be able to cross-reference both our report and yours.”

The cash apps will now be required to send users who meet the newest requirements Form 1099-K for transactions made electronically or by mail.

The apps may request additional information from users shortly to properly report transactions, and users may be asked to provide their Employer Identification Number (EIN), Individual Tax Identification Number (ITIN), or Social Security Number (SSN) if it’s not already on file.

A Deeper Look Due to the Twitter Files

Elon Musk has assigned three people so far to drop summaries of internal communications at the Twitter headquarters. While much has been revealed, much has been held back including the actual communications. So withhold your excitement and gratitude of Elon Musk….however, there is some strategic thinking that does need to be applied here with what we have come to learn.

Let’s begin with something most disgusting and how it festered not only at Twitter but appears to have permeated throughout social media and now Congress and our education system….

Yoel Roth, the now former Twitter employee responsible for Trust & Safety appears to be a really dark and yikes …into child sex. The Post Millennial and the Libs of Tik Tok reports in part:

after it was revealed that Roth’s PhD thesis argued for minors to have access to adult content, writing “…it’s worth considering how, if at all, the current generation of popular sites of gay networked sociability might fit into an overall queer social landscape that increasingly includes individuals under the age of 18.” Read the full summary here.

BREAKING: Former Twitter exec Yoel Roth argued for minors' access to adult  internet services in PhD thesis | The Post Millennial |  thepostmillennial.com source

With that nasty part out of the way…The video above hosted by Steve Hilton of The Fox News Channel does an excellent breakdown of the U.S. security apparatus working in partnership/cadence with ALL social media. Big Tech that includes, Microsoft, Twitter, Google, Y0uTube, Reddit, Yahoo, Instagram, Facebook and Apple. We have a rogue Federal government and an even more rogue and nefarious social media/big tech system throughout the United States and actually the world.

Redoubling Efforts to Secure Midterm Election Elvis Chan, 2018 on election security

This particular release of the deposition of Elvis Chan. Chan is the head of cyber security , agent in charge at the FBI Bureau located in San Francisco. The reason for this deposition is due to the lawsuit against against the Federal government and the Biden administration brought by the Attorney General(s) of Missouri and Louisiana. The almost 400 pages is quite revealing. Chan under oath admitted that the FBI met weekly with social media companies in the lead up to the 2020 election with the topic of the Russia hack and dump operation. That is the continued script that began with Donald Trump’s presidential candidacy and continued through, well even today.

To validate the statement above that partnership between the security apparatus and social media understand the following:

All of the people listed below once or do work at Twitter….you can likely win a bet if there are others that work at the other big tech corporations…so here we go…

Elvis Chan, FBI

Shelby Pierson, Office of the Director of National Intelligence

Jim Baker, former FBI top lawyer and signer of false FISA warrants

Vijaya Gaddes, now currently hired by the Biden administration in the CISA agency

Dawn Burton, FBI

Jeff Carlton, formerly with the CIA and FBI

Matthew W. FBI

Patricia G. FBI

Bruce A. FBI

Michael Scott Robinson, CIA and FBI

Greg Anderson, NATO

Gordon McMillan, British Army Officer psyops soldier

Aaron Berman, CIA (now at Meta/Facebook)

Scott Stern, CIA

Deborah Berman, CIA

Bryan Weisbard, CIA

Cameron Harris, CIA

Emily Vacher, FBI

Hagan Barnett, former CIA contractor

Neil Potts, former USMC intelligence officer

Olga Belogolova, from the Defense Department

There are more people that moved within the big tech circles, leaving one company to join another. You can read the details here.

What do you feel you missed with news that should have been reported legacy media, social media or even our own agencies at the Federal government? You missed it because it was suppressed, unreported or completely censored. Every part of that is noted above cheated the entire voting public and that included congressional committees. Really? Yes.

Per the Chan testimony:

Chan also explained how the FBI would share the “disinformation” or “misinformation” with social media companies. It would take place around the time of quarterly meetings, if not more frequently through secure e-mails if the FBI field offices thought necessary. For example, the FBI might notify Facebook that a certain IP address is associated with the Internet Research Agency. The accounts flagged by the FBI are always removed by the social media companies, in large part because of pressure from Congressional Committees. As explained by Chan:

Around this same time, there were visits from Congressional staffers to pressure social media companies. Senior-level staffers have even visited Facebook, Google, and Twitter as part of these influence – or censorship – campaigns.

Chan continued:

The Chairman of the House Permanent Select Committee on Intelligence (HPSCI) is none other than Adam Schiff. As for the SCCI, the Senate Select Committee on Intelligence has Democrat Mark Warner as the Chairman.

 

 

 

Civil Society Collapses with no Diesel Fuel

The Biden Green agenda will soon destroy the nation, there is no dispute. Having a war on fossil fuel is one thing but being so derelict when it comes to diesel is destructive beyond description. It is also evil and deadly to citizens, business and national security.

In 2021, the Biden White House published a trucking fact sheet endorsing the trucking industry. But it omits the real issues facing the industry and that includes regulations and the ridiculous high cost of diesel.

There was to be some kind of a listening session. In part: DOL and DOT will kick off listening sessions with drivers, industry and labor leaders, and advocates to hear their perspectives, profile promising practices, and source scalable solutions to retention and job quality issues for truckers. The first events in this series are happening today in South Carolina with Secretary Buttigieg, Deputy Administrator Joshi, and representatives from DOL and at the White House co-chaired by Secretary Buttigieg, Secretary Walsh, and National Economic Council Director Deese.

Now, facing November with the midterm elections and the coming holidays….the White House is flat-footed on the diesel crisis.

The Biden administration says it is keeping a close watch on diesel inventories and working to boost supplies following news that reserves have been depleted and could run out in less than a month if not replenished, sparking fears of shortages and rising prices.
The Energy Information Administration (EIA) reported this week that, as of Oct. 14, the U.S. had only 25 days of reserve diesel supply, a low not seen since 2008. National Economic Council Director Brian Deese acknowledged to Bloomberg that the level is “unacceptably low,” and “all options are on the table” to address the situation.
The EIA also said that distillate fuel includes heating oil inventories and is about 20% below the five-year average for this time of year. But areas in the Northeast are already rationing heating oil as temperatures drop, driving concerns that energy costs will surge further. source

Diesel fuel is used for many tasks

Diesel engines in trucks, trains, boats, and barges help transport nearly all products people consume. Diesel fuel is commonly used in public buses and school buses.

Diesel fuel powers most of the farm and construction equipment in the United States. The construction industry also depends on the power diesel fuel provides. Diesel engines can do demanding construction work, such as lifting steel beams, digging foundations and trenches, drilling wells, paving roads, and moving soil safely and efficiently.

The U.S. military uses diesel fuel in tanks and trucks because diesel fuel is less flammable and less explosive than other fuels. Diesel engines are also less likely to stall than gasoline-fueled engines.

Diesel fuel is also used in diesel engine generators to generate electricity. Many industrial facilities, large buildings, institutional facilities, hospitals, and electric utilities have diesel generators for backup and emergency power supply. Most remote villages in Alaska use diesel generators as the primary source of electricity. source

The US economy cannot run and sustain itself without the essential work of truck drivers. Their deliveries affect every industry we depend on like food, construction, medicine, fuel, and retail. Apart from day-to-day needs, truck drivers ensure first responders and healthcare workers have the tools they need to save lives. more here

Exactly Why Was That Mar A Lago Search Warrant so Broad?

Consider the following….here is where critical thinking is important and there are some assumptions below which could turn out to be factual….could….

President Trump did have some legally and politically savvy people working for him within his administration and outside of government. It is true he also had some real duds….and post his presidency, he has had a lot of visitors come with ideas, objectives and action plans….

With all that in mind….it cannot be overlooked that the Biden administration employs hundreds of left-over Obama officials and clearly they are helping to drive so much of is damaging the country today.

The full text of the search warrant is found here.

Of note is this section: e, or transmission of national defense information or classified material; c. Any government and/or Presidential Records created between January 20.2017, and January 20, 2021; 

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Something real fascinating is this short Reuters report –> (note the date)

Hat tip to at Least One Whistleblower

Primer:

According to Bloomberg News, the Biden administration is also reallocating $860 million in funding for COVID-19 relief to cover pandemic costs relating to illegal immigrant children.

In a letter reviewed by the news outlet, Health Secretary Xavier Becerra told members of Congress that his department would move funding to ensure illegal immigrant children’s safety, in addition to the staff taking care of them at shelters. Additionally, last year to General Accounting Office performed a comprehensive audit and the result(s) stinks when it comes to the Department of Defense.

source

In part:

The Department of Defense has provided U.S. Customs and Border Protection with personnel and other support for at least 2 decades. DOD evaluates requests for assistance against 6 criteria, including cost and how providing support would affect military readiness.

We looked at 4 such requests for assistance that DOD approved. We found that DOD used unreliable cost estimates and didn’t fully evaluate the effects of the requests on military readiness. Also, DOD didn’t track all costs or give Congress timely information on the full costs it incurred for homeland security support, as it was mandated to do. Our 7 recommendations address these issues. The full report is found here. 

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As you read on….just wonder if any personnel in the National Guard sends a weekly or monthly report to the Pentagon….and…has anyone asked in there is an FBI task force at the border doing FBI stuff?

Hat tip to PM: In an exclusive sit-down interview, an active member of the National Guard has gone on record against Joe Biden sharing “America is probably the weakest it’s ever been.” From harrowing stories of finding mutilated bodies at the border, to the cartel shooting at our service members, the border has gotten so bad that this National Guardsman was willing to risk his career to speak out.


“We’re very vulnerable,” he said on condition of anonymity. “It’s only a matter of time before somebody actually gets shot, or something bad actually happens.”

When asked if he felt his life was being put at risk by the current administration’s policies at the border, he said “absolutely. You never know who is crossing. You never know who is going to cross. Under Trump, it seemed like it was a lot more controlled. The border flowed a lot easier. The numbers spoke for themselves, and now it’s kind of like, you know, everybody is allowed to come in.”

 


He explained how the cartels use extreme measures to “intimidate and scare” border agents.
“Here in the valley,” he said, “you’re going to see a lot of drug flow and a lot of violence from the cartel to try to cover that up. They push large groups of migrants across.”
“They shoot at us quite often,” he said of the cartels. He detailed how the cartels would leave bodies around “to show us like, ‘hey, this is what we’re doing.'”
In one instance, he said that National Guardsmen found the body of a man whose head had been dipped in acid by the cartel.


Of that instance, he said “Border Patrol let us know that there was a body somewhere in the area, and some of the guys went looking for it, and sure enough they ended up finding it on our side of the river, which tells us that the cartel crossed him over and left it there for us to find and went back.”
He said this was a “scare tactic” from the cartels, and that “morale wise… it puts everybody more on an edge.”
“The way I see it,” he continued, “America is probably at its weakest, as weak as it’s ever been in a long time right now. We’re very vulnerable, and I feel like it’s only a matter of time before somebody actually gets shot, or something bad actually happens. And for the administration to realize, ‘hey, maybe we do need to do something here,’ versus under Trump, he didn’t take those chances.”
Despite this, he said, it is the children abandoned at the border that haunt him.
“Probably for me being shot at, and the dead bodies, that doesn’t really hold much weight, but when I see the kids—I think that’s what has mentally been draining me.”
The Guardsman spoke about meeting an 11-year-old girl, whose mother sent her alone to America, equipping her with a box of condoms.
“When I found her, she had three condoms left in a box of like 15. Pretty much the coyotes did what they wanted with her and she was only 11,” the Guardsmen shared.
He now believes “it’s only a matter of time before a Guardsman loses his life to the cartel.”