Target Finally Alerts REDcard Holders of Data Breach, Months Later

I just got a letter from Target about a data breach on REDcards. Yes, the same leak on automatic withdrawal cards that occurred back in November. Three months later, they finally get around to telling us they fouled up and leaked bank data? And they want us to trust them with our account info? All that letter did was remind me to close my account. Read on.  Target Backpeddles on Data Breach, Months Later

IRS Income Tax and Self Employment Woes with 1099K

Being self-employed is, at the best of times, unpredictable. At the worst, like tax season, it can be a nightmare. Take this new US law that companies don't have to issue 1099-Misc income forms, unless they take out taxes--the old way was if you made $600 that year, you got one, regardless.

The IRS still requires you to report all income, regardless of whether you get a form or it reaches the $600 threshold. Yes, even your Bubblews income. But the 1099-Misc helped as it proved that you and the company were on the same page about what you earned and what they reported. And it was helpful for record-keeping. Some of us earn thousands of dollars across numerous writing sites. It doesn't matter if you file or pay someone--it's a lot of miscellaneous income to be responsible for reporting correctly. And a lot of margin for error without a checks and balance.   IRS Income Tax and Self Employment Woes--1099-Misc and Paypal 1099K