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As an eBay seller, you receive payments for your goods and services through eBay. As an online marketplace, eBay is required to send a 1099-K tax form detailing these payments to the IRS and to you if ...
TaxWatch New tax rule affecting eBay, Venmo and Etsy could cause ‘significant confusion,’ accountants group says A group of e-commerce companies and pay platforms have already been voicing ...
The IRS is holding off on implementing new tax rules that could affect Etsy, eBay and PayPal users. Last Updated: Nov. 25, 2023 at 2:52 p.m. ET First Published: Nov. 21, 2023 at 1:19 p.m. ET Share ...
A group of companies including Etsy, eBay and PayPal are lobbying against new tax rules. The rules could result in millions more people receiving tax forms — even if they don't owe taxes.
David Greene talks to eBay CEO John Donahoe about the political battle over online sales tax. On Monday, the Senate is expected to vote on a bill that would end the free ride that consumers have ...
Sales tax collection compliance among eBay sellers is "alarmingly low," says a new academic study published as states look for ammunition to bolster tax-collection laws. When Georgia State ...
Beginning in the 2011 tax year, the Internal Revenue Service stated that all eBay sellers who had more than 200 transactions and received over $20,000 in sales are required to file a 1099-K form ...
(The first returns subject to the requirement, embodied in a new form called 1099-K, will be filed in 2012 for the 2011 tax year.) EBay isn't directly disadvantaged by the law, but a certain class ...
You May Receive a Tax Form. A law requires online marketplaces to send out a Form 1099-K for sales of $600 or more. Most casual sellers will not owe taxes on the sales, but that’s not always clear.
Currently, anyone raking in an additional £1,000 during a tax year must navigate the complexities of a self-assessment tax form. But there's talk of this threshold climbing to £3,000, reports say.