1 penny below reporting limit for the IRS… I see what you did there
(Don’t give me $599.99)
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.
Go. Do it.
Reblog if it’s ok for people to give you $13,999.99
Okay of course I’m happy that Malala got accepted to Oxford, but I really want to know more! What did she write for her personal essay- “Just google me bitches”? Did she have to do an interview and if so did she just plonk her nobel peace prize down on the table? Did her student counselor advise her to apply to other crappier places just in case she wasn’t accepted? Was there anyone who actually turned down freaking Malala Yousafzai, I need to know!!
so i’m sitting here, not even having a great time to begin with, about to go to bed in a while, maybe watch an episode or two of some tv show on my macbook pro (even though the screen is a little cracked it will still be alright, i will be able to fall asleep) and then i go to my inbox to find this? this message? my sleep needs have been upgraded from 9 hours to eternally, goodnight forever
Penhales 