The IRS Spares the Side‐​Hustlers (For Now)

As our colleague Nick Anthony writes, the IRS in late‐​December postponed a new rule requiring Americans to report to the IRS gross annual online sales (including taxes, fees, canceled orders, or even the nontaxable resale of goods at a loss) of as little as $600 – considerably lower than the current reporting threshold of $20,000 in payments and 200 transactions.