首先,美国税局已经出台了全新的联邦税务报告(urgent-joint grassroots campaign to raise the new IRS tax reporting threshold)这项联邦税务报告表明:美国税务局有权利引用1099表格,对每年进行付款结算的实体企业进行再次收税。而eBay官方则是带头反对了这一项不公平的决策。 这也就意味着:目前eBay卖家不用根据1099-K条...
eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, issued the following statement today in response to theIRS announcementthat they are again delaying the implementation of the new 1099-K reporting threshold. “Today’s announcement by...
Everyone - if you got a 1099-K make sure you really were supposed to!! You're supposed to report your income whether or not you receive a 1099K. (And some states have a lower threshold). Just because you didn't earn 20K doesn't mean what you did earn is tax-free. C. Message ...
IRS Form 1099-K is used to report income received from electronic payment transactions, such as those made through eBay. It includes information such as the total gross amount of payments made to the seller, the total amount of fees charged, and the tota
Starting Jan 1st 2022 is when the threshold is lowered to gross sales of $600 and eliminates transactions. Pretty much everyone will get one (1099K) in 2023 since $600 is a low amount. Depending on your selling situation will also decide what you get to write off (expenses). The last ...
(completing hundreds of transactions totaling tens of thousands of dollars) would have their transactions automatically reported to the IRS. Soon, even a single sale over $600 – the new reporting threshold – could land you with a burdensome 1099-K tax form. And the change does not take ...
Some states have a lower minimum sales amount, but most states use the IRS threshold. eBay does not provide a 1099-K for sales volumes that are lower than the minimum state or federal threshold. Message 5 of 5 latest reply 0 Helpful Reply ...
Has anyone got their 1099’s yet? I only grossed around 1800 but NJ has a 1000$ reporting threshold so eBay told me i’d be getting a 1099. However it’s less than 12hrs until the end of their deadline and I don’t have it? Has anyone else gotten theirs yet? I’m in managed...
Question: If you're a California resident and under the threshold, did you get a 1099 with your full SS#? 1) Who did you talk to at eBay? So far eBay has provided zero information on the site about those 1099k's. The last information posted by a user on this board on this topi...
The $600 is threshold for a 1099K, what you may owe in taxes is a different matter. You shd really get some advice from a tax professional. There are so many factors involved. It may be that your actual profit, what would be liable for taxes, is actually quite small. If some of ...