Owners of small businesses, prepare yourself at the time of 1099-k. This is the tax form to disclose transactions

IRS Is Coming for Your Venmo Income

with services such as Paypal, Venmo and Airbnb. Until this year, anyone with less than $20,000 in total payments

Has generally not obtained 1,099 k - and, therefore, in theory, he could avoid paying taxes on money on these platforms.

But since January 1, these companies have been required to declare gross payments of more than $ 600 directly to

The Internal Revenue Service. This means that owners of small businesses - as well as people

Who periodically empty their cupboards on Ebay - will receive a 1099 -k from any service provider where their income exceeds this amount.

Lexi, who asked that her last name will not be disclosed because she fears an audit of the IRS

Spend her weekends on the flea markets, her sales of succession and her auctions of units storage for hidden treasures 

Such as vintage sunglasses and nintendo game boys. Since 2013, she has sold these articles as well

As her old household clothes and articles on Ebay, Facebook Marketplace and Depop, winning up to $ 15,000 per year.

And because these companies have said nothing to the IRS, well ... she didn't do it either. But under the new regulation

if it sets her closet for a vintage dress for sale $ 45, $ 45 will be considered a taxable income unless it can provide

The initial receipt proving that it sells it at a loss. "I constantly clean my house," she says.

The new rule means that I will have to follow everything.

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