After months of pressure, the IRS has agreed to again delay the implementation of new, burdensome rules that increase tax paperwork for Ohio’s smallest businesses and entrepreneurs.

 

Without this delay, online sellers and small businesses would be required to complete a 1099-K tax form for any transactions over $600 starting in January, creating more red tape for Ohioans.

 

Many online sellers are entrepreneurs trying to get their small business off the ground, which is difficult enough on its own. And in an economy where corporations still refuse to pay workers what they’re worth and hard work doesn’t pay off for too many Ohioans, it’s not a surprise that people use sites like E-Bay and Etsy to earn a little extra income.

 

Ohioans shouldn’t have to wade through excessive tax paperwork. That’s why earlier this year I introduced the bipartisan Red Tape Reduction Act to permanently raise the threshold for when these online sellers receive these tax forms from $600 to $10,000.

 

As we work to get this bill passed, we’ve been pressing the IRS to delay the implementation of the new reporting threshold.

 

Last week, we got word that the IRS is bowing to pressure and keeping a higher threshold in place for another year. This is welcome news for small businesses across Ohio who were about to be hit by this excessive paperwork right after the holiday rush.

 

It’s simple: Ohioans who rely on their online businesses don’t want the threshold lowered. If a rule is so unpopular and hard to enact that you have to keep delaying its implementation over and over, it’s probably a sign it shouldn’t be law in the first place.
— Sherrod
In Toledo, Sherrod joined first responders and law enforcement who are on the front lines of the fentanyl crisis to discuss the need for the FEND Off Fentanyl Act. The bill passed the Senate in June by a large bipartisan margin. Now, the House must pass it into law to help stop illicit fentanyl at its source.
Sherrod joined local leaders in Akron to celebrate the groundbreaking of METRO RTA’s new maintenance and operations facility.

 

Thanks to resources Sherrod helped secure, the new facility will be able to not only fix buses faster, but ensure that fewer buses break down in the first place. That means better service for Akronites.
  1. Sherrod introduced legislation to strengthen the Black Lung Benefits Program and ensure every coal miner who suffers from black lung disease receives the benefits they earned powering our country.
  2. As holiday season approaches, Sherrod introduced a bill to crack down on mail theft and protect postal workers.
Sherrod announced investments to: