If you tend to move a lot of merchandise on eBay or Craigslist, you should know that the IRS wants a share of those earnings. If in 2011 you sell more than $20,000 worth of goods and have more than 200 transactions, then come early 2012 you’ll receive a shiny new flavor of 1099 form called a 1099-K, and you’ll have to pay up. If you’re an infrequent seller, where your eBay or Craigslist transactions more closely resemble a garage sale than a virtual storefront (and especially if you sell items at a loss), you probably don’t have to worry. [More]
It used to be that when you were followed by a spammer on Twitter, you had to go report them by sending a direct message to Twitter’s official spam account. Now they’ve updated their reporting system, so all it takes is a single click. Have fun turning in the bots!
Next week, the 146-year-old Seattle Post-Intelligencer will probably stop publishing, following the Rocky Mountain News into oblivion. After its demise, the Tucson Citizen will probably be the next to go.
When Eric Drew was in the hospital being treated for leukemia five years ago, a lab technician stole his personal information and began opening up credit card accounts in his name.
Last fall, CenterPoint Energy—Minnesota’s largest natural gas supplier—announced it was considering reporting the payment histories of its customers to credit reporting agencies in an effort to reduce delinquencies.