Warning to Sellers: New $600 threshold for third-party payment reporting. 27NOV2022

Warning to Sellers: New $600 threshold for third-party payment reporting, IRS.

People, who sell meteorites, need to remember there is a new $600 threshold for reporting on IRS Form 1099-K for third-party payments.
IRS warns taxpayers about new $600 threshold for third-party payment reporting.
Kate Dore, CFP®, CNBC
https://www.cnbc.com/2022/11/23/heres-why-you-may-get-form-1099-k-for-third-party-payments-in-2022.html


There is a bill in Congress that would change it to 5,000 dollars.
S.3840 - Cut Red Tape for Online Sales Act
https://www.congress.gov/bill/117th-congress/senate-bill/3840

“This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned $5,000 or more. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.”

Yours,

Paul H.

Moment meteor breaks up off Tasmanian coast captured on ship camera 15NOV2022

Moment meteor breaks up off Tasmanian coast captured on ship camera
The Guardian
https://www.youtube.com/watch?v=GIpbf88lEJc

Paul H.

New papers about hypothetical, Pleistocene Saginaw Bay impact 12MAY2022

New papers about hypothetical, Pleistocene Saginaw Bay impact

The Geological Society of America recently published two new Papers arguing for a hypothetical, Pleistocene Saginaw Bay impact
In their “In the Footsteps of Warren B. Hamilton: New Ideas in Earth Science” volume. They are:



Davias, M.E., and Harris, T.H.S., 2022, Postulating an unconventional location for the missing mid-Pleistocene transition impact: Repaving North America with a cavitated regolith blanket while dispatching Australasian tektites and giving Michigan a thumb, in Foulger, G.R., Hamilton, L.C., Jurdy, D.M., Stein, C.A., Howard, K.A., and Stein, S., eds., In the Footsteps of Warren B. Hamilton:
New Ideas in Earth Science: Geological Society of America Special Paper 553, https://doi.org/10.1130/2021.2553(24).
https://pubs.geoscienceworld.org/gsa/books/book/2323/chapter/132525009/Postulating-an-unconventional-location-for-the


Harris, T.H.S., 2022, Terrestrial ejecta suborbital transport and the rotating frame transform, in Foulger, G.R., Hamilton, L.C., Jurdy,
D.M., Stein, C.A., Howard, K.A., and Stein, S., eds., In the Footsteps of Warren B. Hamilton: New Ideas in Earth Science:
Geological Society of America Special Paper 553, p. 1–22, https://doi.org/10.1130/2021.2553(23). (open access)
https://pubs.geoscienceworld.org/gsa/books/book/2323/chapter/132758923/Terrestrial-ejecta-suborbital-transport-and-the


Klokočník, J., Bezděk, A., and Kostelecký, J., 2022, Gravity field aspects for identification of cosmic impact structures on Earth, in
Foulger, G.R., Hamilton, L.C., Jurdy, D.M., Stein, C.A., Howard, K.A., and Stein, S., eds., In the Footsteps of Warren B. Hamilton:
New Ideas in Earth Science: Geological Society of America Special Paper 553, p. 251–260, https://doi.org/10.1130/2021.2553(21).
https://pubs.geoscienceworld.org/gsa/books/book/2323/chapter/132964534/Gravity-field-aspects-for-identification-of-cosmic

https://www.asu.cas.cz/~jklokocn/spe553-21-final.pdf


The seemingly annual conference presentations by M. E. Davias, about their ideas can be found on their web pages at:
https://www.researchgate.net/profile/Michael-Davias-2/research

Enjoy,

Paul H.