Monday, September 25, 2023
The Morning Show Podcast
Carla Marie and Anthony
4.9 • 608 Ratings
🗓️ 24 September 2023
⏱️ 19 minutes
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| 0:00.0 | Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scaleups, online, in person and on the go shopify is made for entrepreneurs |
| 0:23.3 | like you sign up for your one dollar a month trial at shopify dot com slash setup welcome to |
| 0:31.0 | monday's morning show podcast because you deserve a better morning one union is calling off their strike. The other is expanding it. |
| 0:39.1 | We will talk about those two things in the core four and pop stop. And taking over pop stop today |
| 0:44.6 | is sports with a Z. And if you have no idea what I'm talking about, just wait. Welcome to the |
| 0:50.1 | morning show podcast. My name is Anthony. I'm Carla Marie and today is Monday, September 25th, |
| 0:56.0 | 2023. The Core 4, the four headlines you need to know. Remember all that money you made from |
| 1:03.2 | reselling your ERIS tour tickets? The IRS is coming for it. If you resold concert or sporting event |
| 1:10.4 | tickets and made more than $600 this year, |
| 1:14.2 | you will need to report it when filing your 2023 taxes. The new law lowered the tax reporting threshold |
| 1:21.7 | for users who resell tickets on platforms like Ticketmaster and Subhub. The previous reporting threshold was $20,000. |
| 1:31.3 | Now it's down to 600. That is quite the jump. Ticketing platforms will be required to report |
| 1:38.2 | sellers proceeds and send them a 1099K form. You will only be required to pay taxes if you made a profit by selling a ticket. |
| 1:47.9 | So if you sold $600 worth of tickets, but you paid $600 for those tickets, you won't be |
| 1:53.4 | required to pay taxes. |
| 1:56.0 | This is a perfect example of when you see something that's too good to be true, it probably is, |
| 2:02.1 | especially when you're talking about super cheap products online. If you've been shopping on |
| 2:08.0 | Timu or saw the ridiculous prices and thought about downloading the app, you might want to |
| 2:13.4 | reconsider. Now, if you're unfamiliar with Timu, it's a Chinese-owned company and their headquarters |
| 2:18.5 | are now in Boston, but it's an online marketplace where you can buy things for really low prices, |
| 2:23.9 | and most of the products are shipped directly from China. But the company is being investigated |
| 2:29.2 | for a couple really concerning claims. Over the summer, a congressional report claimed that Timu, along with |
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