jojoMcQueen

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. 

Steve Harvey taunts Flint resident, Little Miss Flint responds

Steve Harvey’s recent jokes about the tap water in Flint, Michigan, have landed him in hot water with city activists.

During a radio interview on The Steve Harvey Morning Show Wednesday morning, the comedian aused Flint’s ongoing water crisis in a retort against a caller arguing about the Cleveland Cavaliers.

Melissa Mays — an organizer with the grassroots coalition Flint Rising — said that Harvey’s Wednesday comments making light of Flint’s “brown water” are nothing short of “heartbreaking.” Read more (6/16/17)