• PRINT EDITIONS
  • | CONTACT
  • | TEL: 540.962.2121 | E: hello@virginianreview.com
Friday, June 9, 2023
  • Login
  • Register
SUBSCRIBE
The Virginian Review
Advertisement
  • HOME
  • NEWS
    • All
    • Business and Tech
    • Crime
    • Local News
    • National News
    • State News
    2023 Virginian Review Sports Awards Winners Announced

    2023 Virginian Review Sports Awards Winners Announced

    Congressman Morgan Griffith

    Congressman Griffith’s Weekly E-Newsletter: Thank a Farmer

    Twilight Tree - linocut, paint, stitching by Jill Jensen (Photo courtesy AHACC)

    Natural Visions Exhibit at AHACC features work by Jill Jensen

    Bath County Sheriff’s Office weekly activity report for May 28-June 3

    Flag Day Ceremony set at the Historic Masonic Amphitheater

    For the record

    Josie Denius, Camp Program Coordinator for Camp Accovac, and Jordan Bailey, C.I.T. and camper (Photo by Jennifer Bailey)

    Calling all campers! Camp Accovac still accepting applications

    Curtis A Smith Post 1033 and Auxiliary pay honor to all our local fallen heroes on Memorial Day (Marian Paxton photo)

    Curtis A Smith Post 1033 honors our fallen heroes

    West Early Learning Central VPI graduates performing "The Graduation Song" (Photo by Jennifer Bailey)
 

    YMCA V.P.I. and Preschool graduates earn much-deserved diplomas

    Trending Tags

      • LOCAL NEWS
      • STATE NEWS
      • NATIONAL NEWS
      • Business and Tech
      • CRIME
    • COMMUNITY
    • Obituaries
    • GOVERNMENT
      • All
      • City
      • County
      • State

      Sixth District Perspectives with Congressman Ben Cline

      Bath County Board of Supervisors sets agenda for June 13 meeting

      Congressman Morgan Griffith

      Congressman Griffith’s Weekly E-Newsletter: The REINS Act

      Council for the City of Covington to hold public hearing on Tuesday, June 6

      City of Covington announces completion of general reassessment of real estate

      Alleghany County Board of Supervisors release June 6 meeting agenda

      Sixth District Perspectives with Congressman Ben Cline

      Griffith statement on voting against the House’s debt limit legislation

      Sixth District Perspectives with Congressman Ben Cline

      Trending Tags

        • City
        • County
        • State
      • Sports
        • All
        • College Sports
        • High School Sports
        • Local Sports
        2023 Virginian Review Sports Awards Winners Announced

        2023 Virginian Review Sports Awards Winners Announced

        Alleghany catcher Chris Harden gets jumped over at home plate during the Mountaineers 5-4 loss to Poquoson (Photo by Lesley Nickell)

        Mounties fall in the state semifinals

        Alleghany all-district selections- Kaylee Nicely (top left), Kinsey Middleton (left middle), Kelsey Nicely (bottom left), Kendell Keene (middle), Savannah Cash (top right), Abbie Fridley (middle right), Bryce Leitch (bottom right) (Photos by Lesley Nickell)

        Lady Mountaineers selected for all-district

        Virginia Commonwealth Games to host Baseball – THIS WEEKEND

        Garrett Via (right) in his VMI shirt with his mother, Michelle (Photo by Cary Linkswiler)

        Alleghany’s Via to VMI football

        Hunter DePriest fires a pitch in the state quarterfinal win over Marion (Photo by Lesley Nickell)

        Mounties advance to state semis

        Drew Craft won the Class 2A triple jump finals with a distance of 45-05.00 (Photo courtesy Amy Washburn social media)

        AHS’ Drew Craft is a triple jump state champion

        Jacks’ erupt for 14 runs in opening day win

        Hunter DePriest (left) and Connor McPeek were both selected to the All-Three Rivers District team (Cary Linkswiler photo)

        Mounties named to all-district; Bradley named COY

        Trending Tags

          • Local Sports
          • High School Sports
          • College Sports
        • Lifestyle & Culture
        No Result
        View All Result
        • HOME
        • NEWS
          • All
          • Business and Tech
          • Crime
          • Local News
          • National News
          • State News
          2023 Virginian Review Sports Awards Winners Announced

          2023 Virginian Review Sports Awards Winners Announced

          Congressman Morgan Griffith

          Congressman Griffith’s Weekly E-Newsletter: Thank a Farmer

          Twilight Tree - linocut, paint, stitching by Jill Jensen (Photo courtesy AHACC)

          Natural Visions Exhibit at AHACC features work by Jill Jensen

          Bath County Sheriff’s Office weekly activity report for May 28-June 3

          Flag Day Ceremony set at the Historic Masonic Amphitheater

          For the record

          Josie Denius, Camp Program Coordinator for Camp Accovac, and Jordan Bailey, C.I.T. and camper (Photo by Jennifer Bailey)

          Calling all campers! Camp Accovac still accepting applications

          Curtis A Smith Post 1033 and Auxiliary pay honor to all our local fallen heroes on Memorial Day (Marian Paxton photo)

          Curtis A Smith Post 1033 honors our fallen heroes

          West Early Learning Central VPI graduates performing "The Graduation Song" (Photo by Jennifer Bailey)
 

          YMCA V.P.I. and Preschool graduates earn much-deserved diplomas

          Trending Tags

            • LOCAL NEWS
            • STATE NEWS
            • NATIONAL NEWS
            • Business and Tech
            • CRIME
          • COMMUNITY
          • Obituaries
          • GOVERNMENT
            • All
            • City
            • County
            • State

            Sixth District Perspectives with Congressman Ben Cline

            Bath County Board of Supervisors sets agenda for June 13 meeting

            Congressman Morgan Griffith

            Congressman Griffith’s Weekly E-Newsletter: The REINS Act

            Council for the City of Covington to hold public hearing on Tuesday, June 6

            City of Covington announces completion of general reassessment of real estate

            Alleghany County Board of Supervisors release June 6 meeting agenda

            Sixth District Perspectives with Congressman Ben Cline

            Griffith statement on voting against the House’s debt limit legislation

            Sixth District Perspectives with Congressman Ben Cline

            Trending Tags

              • City
              • County
              • State
            • Sports
              • All
              • College Sports
              • High School Sports
              • Local Sports
              2023 Virginian Review Sports Awards Winners Announced

              2023 Virginian Review Sports Awards Winners Announced

              Alleghany catcher Chris Harden gets jumped over at home plate during the Mountaineers 5-4 loss to Poquoson (Photo by Lesley Nickell)

              Mounties fall in the state semifinals

              Alleghany all-district selections- Kaylee Nicely (top left), Kinsey Middleton (left middle), Kelsey Nicely (bottom left), Kendell Keene (middle), Savannah Cash (top right), Abbie Fridley (middle right), Bryce Leitch (bottom right) (Photos by Lesley Nickell)

              Lady Mountaineers selected for all-district

              Virginia Commonwealth Games to host Baseball – THIS WEEKEND

              Garrett Via (right) in his VMI shirt with his mother, Michelle (Photo by Cary Linkswiler)

              Alleghany’s Via to VMI football

              Hunter DePriest fires a pitch in the state quarterfinal win over Marion (Photo by Lesley Nickell)

              Mounties advance to state semis

              Drew Craft won the Class 2A triple jump finals with a distance of 45-05.00 (Photo courtesy Amy Washburn social media)

              AHS’ Drew Craft is a triple jump state champion

              Jacks’ erupt for 14 runs in opening day win

              Hunter DePriest (left) and Connor McPeek were both selected to the All-Three Rivers District team (Cary Linkswiler photo)

              Mounties named to all-district; Bradley named COY

              Trending Tags

                • Local Sports
                • High School Sports
                • College Sports
              • Lifestyle & Culture
              No Result
              View All Result
              The Virginian Review
              No Result
              View All Result
              2023 Virginian Review Sports Awards Winners Announced

              2023 Virginian Review Sports Awards Winners Announced

              June 9, 2023
              Alleghany catcher Chris Harden gets jumped over at home plate during the Mountaineers 5-4 loss to Poquoson (Photo by Lesley Nickell)

              Mounties fall in the state semifinals

              June 9, 2023

              6-9-23 Bedford Fatal Crash

              June 9, 2023

              Dr Pepper Park announces Thompson Square

              June 9, 2023

              Virginians should remain prepared, even amid ‘near-normal’ hurricane season

              June 9, 2023

              Tags

              Alleghany County Bath County Business Cat Clifton Clifton Forge Community County Covington Dear Abby Death District Echoes of the Past Education Family Featured Forge Hand Health Home Individual Information Law Life Meeting Nation Night Office OK Parent Past People Rent Report Road School Street Student Team Time Tree VA Virginia War West
              QR Code

              Congressman Griffith’s Weekly E-Newsletter: The IRS and Big Tech are Watching You

              Congressman Morgan GriffithbyCongressman Morgan Griffith
              in Government
              December 15, 2022
              Reading Time: 5 mins read
              0
              Congressman Griffith’s Weekly E-Newsletter: The IRS and Big Tech are Watching You
              8
              SHARES
              55
              VIEWS
              Share on FacebookShare on TwitterEMAIL

              When asked why he robbed banks, Willie Sutton, the notorious 1930s fugitive, famously retorted, “Because that’s where the money is.” Democrats in Congress took this advice and ran with it.

              A key priority of President Biden’s agenda has been empowering the Internal Revenue Service (IRS). Befitting his party’s addiction to taxing and spending at enormous levels, he has repeatedly sought to expand the size and reach of the IRS.

              Last year a change giving the IRS sweeping new power was enacted by one-party Democrat rule and is set to inflict damage in the coming year unless altered. The so-called American Rescue Plan Act of 2021, which kicked off the inflation-driven cost increases hampering our economy, also included a tax provision targeting regular Americans engaged in the digital economy. Democrats have essentially given the IRS and Big Tech a mandate to scrutinize individuals, small business owners, and just about anyone who uses money transfer apps.

              The provision centers on the 1099-K tax form. The form is used to report transactions made on “third-party settlement organizations,” online marketplaces such as PayPal and Venmo that allow for money to change hands. These marketplaces allow people to transfer money online. Prior to the changes made by Democrats, the minimum threshold for reporting money transfers made on third-party settlement organizations was $20,000 on 200 or more transactions.

              Now, it is $600 on any number of transactions. It could even be a single $600 transaction during the year. Accordingly, PayPal, Venmo, etc. will be required to tell the IRS about transactions that cumulatively reach $600.

              I believe that such a low threshold will lead to millions more people being subject to filing additional paperwork with the IRS.

              Venmo payments between roommates to reimburse each other for a cable television bill or a similar expense, while not counted as income, could still raise questions, and trigger a 1099-K form landing in your mailbox.

              How will the IRS examine all these electronic payments?

              Perhaps with the 87,000 new IRS agents provided for under this year’s preposterously named Inflation Reduction Act? Congressional Democrat-supported changes will result in tens of thousands of IRS inquires to average American taxpayers. That could be you.

              By lowering the threshold, Democrats have ensured that far more people will be inadvertently ensnared in the IRS’ net. While claiming they are only targeting wealthy taxpayers, sharply lowering the threshold will mean that in the coming tax season, many individuals, small business owners, independent contractors, and casual buyers and sellers of goods and services online will be receiving a 1099-K form for the first time.

              This could even include the swim coach who allows parents to pay for their kids’ swimsuits by reimbursing the coach using Venmo or PayPal. While she would not owe any taxes because she is only a pass-through, she could have additional IRS paperwork to fill out for merely being helpful.

              It is easy to see that IRS scrutiny would extend to middle-income individuals, who are likely less able to afford tax lawyers and accountants to deal with IRS demands.

              Compounding the problem is the uncertainty about what the new requirement entails and what transactions will be subject to taxation. Individuals who use an app on their phone to simply pay their neighbor for babysitting, purchase an auto part, or buy a Christmas wreath from their local Boy Scout troop, will have a new headache. Small businesses already struggling, will now have their tax season stress compounded by an additional layer of bureaucracy and paperwork when working on tax preparation.

              Another concern is “third-party settlement organizations” are required to collect taxpayer information and share it with the IRS.

              The Treasury Department’s Inspector General for Tax Administration has identified weaknesses in the IRS’ cybersecurity defenses for protecting taxpayer data. Handing over more of it without shoring up the agency’s protections could lead to disaster.

              I have cosponsored a bill, the Stop the Nosy Obsession with Online Payments (SNOOP) Act of 2022, to reverse these harmful tax provisions, and I have also signed a letter to the acting commissioner of the IRS urging it to delay implementation and demanding more information about how the agency will carry out the 1099-K requirements.

              One of the new Republican-led House’s priorities will be reining in the IRS. As Americans feel the impact of decades-high inflation and a stifled economy, they should not have to worry about more visits from the tax collector.

              If you have questions, concerns, or comments, feel free to contact my office. You can call my Abingdon office at 276-525-1405, my Christiansburg office at 540-381-5671, or my Washington office at 202-225-3861. To reach my office via email, please visit my website at www.morgangriffith.house.gov.

              Congressman Morgan Griffith

              Congressman Morgan Griffith

              Tags: AmericansBusinessEmailImplementationIndividualInformationLawOfficeParentPaymentPayPalPeopleReportTimeTractorWatchWebsite

              Related Posts

              Government

              Sixth District Perspectives with Congressman Ben Cline

              June 6, 2023
              Government

              Bath County Board of Supervisors sets agenda for June 13 meeting

              June 6, 2023
              Congressman Morgan Griffith
              Government

              Congressman Griffith’s Weekly E-Newsletter: The REINS Act

              June 6, 2023
              Government

              Council for the City of Covington to hold public hearing on Tuesday, June 6

              June 2, 2023
              Load More
              Next Post
              Zelenskyy And ‘Spirit Of Ukraine’ Named Time Person Of Year

              Zelenskyy And 'Spirit Of Ukraine' Named Time Person Of Year

              The Virginian Review

              Serving Covington, Clifton Forge, Alleghany County and Bath County Since 1914.

              Information

              • Privacy Policy
              • Terms & Conditions
              • Careers
              • Contact Us

              © 2022 The Virginian Review | All Rights Reserved. | Powered by Ecent Corporation

              No Result
              View All Result
              • Login
              • __________________
              • Home
              • Editions
              • News
              • Community
              • Obituaries
              • Sports
              • Government
              • Lifestyle & Culture
              • __________________
              • Contact Us
              • Careers
              • Subscribe
              • Terms & Conditions
              • Privacy Policy

              © 2022 The Virginian Review | All Rights Reserved. | Powered by Ecent Corporation

              Welcome Back!

              Sign In with Facebook
              Sign In with Google
              OR

              Login to your account below

              Forgotten Password? Sign Up

              Create New Account!

              Sign Up with Facebook
              Sign Up with Google
              OR

              Fill the forms bellow to register

              All fields are required. Log In

              Retrieve your password

              Please enter your username or email address to reset your password.

              Log In

              Subscribe For Full Access

              Flipbooks are available to paid subscribers only. Subscribe now or log in for access.