If you earn money through an app or online digital platform, you may be affected by a tax reporting change that took effect on January 1, 2022. A provision of the 2021 American Rescue Plan requires third-party payment processors to report business transactions totaling over $600 per year by issuing a Form 1099-K to the taxpayer and the IRS. In prior years, the reporting threshold was much higher (200 business transactions and $20,000).
First Bank, along with the Greater St. Louis Honor Flight, had the pleasure to feature Navy Captain Dale Schaefer in the “Tribute to Those Who Served” at a St. Louis Blues game. Captain Schaefer was active in the military from 1958 – 1963 and then in the reserves for over 25 years. He served on the front lines of the Cold War during the building of the Berlin Wall and the Cuban missile crisis. He flew A3 Bombers and had 199 mission landings.
John Schweitzer was featured during First Bank's Tribute to Those Who Served at the St. Louis Blues Game on March 24, 2022. He served active duty in the US Air Force during the Vietnam War from 1967 to 1974 and was in the reserves from 1974 to 1985.
“When you have someone tell you that you’ve made a difference in someone else’s life, that’s a feeling that just can’t be replaced” says Tim Randazzo, Creative Director at First Bank. Listen to Tim as he shares his experience with starting his own non-profit and how First Bank encourages and supports his efforts.
Joann Folluo was featured during First Bank's Tribute to Those Not Forgotten at the St. Louis Blues game on March 8, 2022. She served in the US Army during the Korean War.
William Nelson was featured during First Bank's Tribute to Those Who Served at the St. Louis Blues game on January 13, 2022. He served in the U.S. Army and spent 355 days in Vietnam.
Vince Hunter was featured during First Bank's Tribute to The Greatest Generation at the St. Louis Blues game on December 7, 2021. He served in the 114th Infantry, 44th Division in World War II.