this post was submitted on 24 Sep 2023
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If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty (gizmodo.com)
submitted 1 year ago by L4s to c/technology
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If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.

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[–] solstice 5 points 1 year ago

All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It's not quite like flipping a switch but it's relatively easy to comply with, and relatively easy to enforce. "Fixing taxes" is significantly more complicated, to say the least.