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
Black people inspire me everyday, the world gives us shit and we take it and turn it in to something beautiful.
Yooooooooooooo!!! I will be using! Lit!
Support my bro Stef and Noirbnb. For real. Not even saying that because he’s my homie. That’s a legit business and it’s for us!
FYI: They changed the name to Innclusive.
…If this post is gonna continue floating around and people really wanna support them, they should know that most likely they will not find noirbnb but they definitely WILL find Innclusive.