The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Washington DC, Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.
the staff of the Ridgewood blog
Ridgewood NJ, beginning January 1, 2022 payment platforms ,PayPal, Venmo, CashApp and Zelle will be required to issue 1099Ks to any taxpayer who receives $600 or more for transactions tagged as “Goods and Services”. This is a change from our current state of affairs which requires 1099Ks to be generated only for $20,000 of gross revenue and 200 individual transactions of this type.
