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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Sure wish ebay would put this much effort doing something about the USPS, another 1-2 years and it won’t matter to anyone selling online. USPS latest surcharge increased wiped out half my income, did ebay even care, NO NO and NOPE. Several reps I’ve talked didn’t even know about the surcharge. IF Dejoy has his way, rate increase’s twice a year and there won’t be anyone left except the Big Companies.
Politicians are idiots, see dollars signs yet just not the right ones, When they pasted this law didn’t even think the tens of million of 1099’s the understaff and over worked IRS will have to go thru. I bet it will cost more to process then it will bring in money.
Only advice I can give is get your 2023 taxes done as soon as possible, next year is gonna be a mess.
The current US poverty level is $13,590.
THAT is the number the IRS should be paying attention to.
Not the $600 or $5,000.
Did you know : You practically need to take a vow of poverty to be on retirement ?
This country sucks.
Time for the deadbeats to pay their fair share also. If you sold it then report it.
I wish they fought that eagerly to lower shipping prices / stopshipping prices hikes. Go figure
amen, at this rate, shipping will end online sales, only the big guys will be left
Why is it so difficult to get eBay to pay attention to seller productivity? Sale amounts are almost totally hidden by eBay in their sales and payouts reports. Better and more user-friendly reporting could save unwary sellers hours and hours of IRS audits if net payment amounts instead of gross sale are reported as income. While the results may be the same, omitting expenses buried in net payments could be lower than 1099-K amounts. Will eBay ever make it easier to sell? Does anyone at eBay headquarters care anymore?
Had a similar problem as this, which involve Social Security disability years ago. Was selling our personal items on eBay, old computers (now somewhat collectible, ironicallly), old synthesizers from the early 70s (Korgs, mostly) and so on. Because of these sales and the 1099 eBay sent us as we exceeded $600, I lost my disability! Yes, part of that is on SS as well, because SS refused to grasp that a 1099K might be for things someone owned already, and not a warehouse of new items. I found the folks at Social Security were the stereotypical government workers, not caring a bit about what was happening. Visits to the local Soc. Sec. office were depressing as I watched elderly people weeping as they walked away from the “service counter”. Disgusting.
If eBay can help pressure this stuff to change, I’m all for it. But I can’t help wondering why eBay is so interested in this, and there must be something in it for them. I also wish they’d put as much effort into fixing their buggy software and actually listening to/reading the surveys they get from sellers rather than using the surveys as a carrot-and-stick to make sellers think they’re actually being heard!
@tsme35, if you are not using Pirateship you should….they will save you money and are basically hassle free if you have to file insurance claims with the USPS.
I took a look and compared, UPS and USPS rates for 1st class and long priority box, 38x6x5, their the same rate, the box actually was .03 cheaper on ebay. Don’t have to worry about filing any claims with the PO anymore because shipping with either was over $25, my fishing rods wouldn’t sell