The Vice President of eBay Government Relations applauded lawmakers for restoring the original 1099K reporting threshold from $600 to $20,000. Cathy Foster said eBay has consistently advocated for a common-sense approach to the tax-related issue that impacted casual sellers. “This Read more
eBay promised on Thursday to provide sellers with a guide to the reports they’ll need to file their taxes for the 2022 tax year. eBay will make the guide available in January and said it would explain to sellers where Read more
Congress has 43 days to act to protect casual online sellers and microbusinesses from “unfair tax and privacy burdens,” according to a coalition of online marketplaces. The countdown clock appears on 1099kfairness.org, the website of lobbying group Coalition for 1099-K Read more
In what seemed like a routine email titled, “View updates to your PayPal account,” PayPal informed an online seller he had passed the threshold for reporting payments to the IRS, notifying him that according to its records, he had received Read more
eBay is rallying the troops to try and change 1099-K tax reporting rules, issuing a message to its community of sellers this week. eBay used an example of someone selling a personal item on its marketplace to bolster its argument: Read more
eBay announced today it had joined the Coalition for 1099-K Fairness – though a visit to the website reveals eBay cofounded the group along with Etsy, Mercari, OfferUp, Poshmark, Reverb (owned by Etsy), and Tradesy (owned by Vestiaire Collective). Noticeably Read more
Sellers have a lot on their plates already, so the IRS Form 1099-K is one more tax-related headache with which they must deal. In addition to the Federal requirement, some states have initiated their own rules for payment processors about Read more
