ILLUMINATION
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ILLUMINATION

Taxes

The IRS Has a New $600 Rule for 2022 for All Gig Economy Workers

Death and Taxes — and Now a $600 Reporting Requirement Rule

Photo by Kelly Sikkema on Unsplash

First, here is not what is happening. The IRS is not going to monitor your account for your transactions. A number of reports emerged that the IRS was going to “monitor” all bank accounts over $600. A recent USA Today

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Mark Hake

Mark Hake

CFA, MBA, and former hedge fund manager and investment research firm owner. For fun, he plays classical / jazz piano, counts cards, and plays poker.

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