Ecommerce Industry News
The IRS announced today another reprieve for taxpayers, delaying implementation of a new reporting threshold for third-party platform payments in 2023. The IRS also said it would phase in the new 1099-K threshold amount for […]
Etsy reminded sellers last week that they may receive a 1099-K form in the New Year for 2023 since it’s required by law to report sales amounts to the IRS for any seller who made […]
eBay CEO Jamie Iannone said in a post on Wednesday that the IRS’s decision to delay the new, lower $600 tax-reporting threshold for a year was “welcome news,” saying it would translate into reduced tax […]
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 […]
The IRS gave payment processors a reprieve, announcing on Friday: “third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the […]
As the year wound down, the CEOs of eBay and Etsy called on US lawmakers to take action to help small-business owners who sell on their respective platforms, but each executive had his own priority. […]
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 […]
What do you do if you fear IRS scrutiny for selling items you inherited? Tax guru and small-business expert Barbara Weltman, founder of Big Ideas for Small Business, Inc., delved into this issue for those […]
eBay has been trying to change the rules around IRS Form 1099-K, which changed for tax-year 2022. This week it turned to YouTube to explain the issue through the account belonging to eBay Main Street, […]
eBay launched a new “Tax Information Center for eBay Sellers” as new tax rules that impact sellers’ 2022 revenue are in place. eBay said it partnered with TaxAct, a do-it-yourself tax-preparation service, “to help untangle […]