Tax Changes Ahead: Online Sellers Be Warned
Last year, the Tax Cut and Jobs Act went into effect on January 1st. While there’s nothing as major on the books for 2020, there are some important changes online sellers should be aware of, […]
Tag: Taxes
Would You Want Your Tax Refund Sent to PayPal?
If you’re due to get a tax refund this year, would you prefer it be sent directly to your PayPal account? That’s an option for US taxpayers if you have a PayPal Cash Card. Business […]
Amazon to Divulge Seller Names to Rhode Island
Amazon will provide Rhode Island with the names and addresses of sellers who made sales to customers located in the state in 2017, saying it believes it is required to do so under a new […]
States Are Giving Sellers and Marketplaces Tax Headaches
There are 45 states that impose statewide sales tax, and some of them are now making things complicated for online sellers and the marketplaces on which they sell, as Etsy and its sellers are discovering. […]
Tax Season for Sellers Is Complicated by New Wrinkles
Online sellers are being swept up in new confusion this year over Form 1099K as they prepare to file their income tax with the IRS and their state departments of revenue. New laws targeting income […]
eBay Updates Users on Tax Reform
eBay posted an announcement about tax reform on its eBay Main Street blog, the company’s grassroots initiative run by its lobbying department. It called out some provisions of the bill passed by the Senate over […]
eBay Lobbies DC Policy Makers on Tax Issues
eBay Chief Financial Officer Scott Schenkel was in Washington, DC, recently where he met with legislators and White House staff to advocate for sound tax policy for small businesses and entrepreneurs, according to the company, […]
eBay Warns Sellers It Will Suspend Tax Evaders
In a new post titled “VAT compliance for overseas sellers,” eBay UK vowed to suspend those the government’s tax agency reports as evading VAT tax: Earlier this year, the UK government announced new measures to […]
In Trouble for Failing to Report eBay and Amazon Income
If you sell online and don’t declare your earnings to government tax agencies, you could find yourself in hot water, as one married couple from North Carolina discovered. A federal grand jury indicted the pair […]
Only Days Remain to Get Your Taxes Done
A day dreaded by many in the U.S. is just a couple of days away. If you’ve filed your tax returns for 2014 and sent in your first installment of estimated taxes for 2015, congratulations. […]