Totoro came back, Dad! I saw him!

You’ve been struck by 🔪

That’s not the right IRS rule.

$599.99 is the amount below which a business does not need to issue a 1099 to a contractor who provides business services. The contractor still needs to report the income on their taxes.

The correct number for the IRS rule for money that is gifted rather than received in a business transaction is $13999.99–more than that, and the recipient has to pay tax on the gift and report it to the IRS. Less than that, and there’s no taxation or reporting requirement.

If we’re choosing amounts on the basis of IRS limits, give these people $13,999.99. 

Alfredo Bowman, better known as Dr Sebi, was a herbalist and naturalist of alternative medicine from Honduras.

he was a charlatan who practiced without a license in the state of NY, and peddled his suppliments while claiming that hiv was located in mucus, and removing mucus would “cure” people.

He was in police custody, because he was arrested trying to board a plane with 37,000$ cash after being released on money laundering charges.