https://www.ecommercebytes.com/tag/form-1099-k/ Ecommerce Industry News Tue, 21 Nov 2023 21:15:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.ecommercebytes.com/wp-content/uploads/2017/06/EB_site_icon-150x150.gif https://www.ecommercebytes.com/tag/form-1099-k/ 32 32 https://www.ecommercebytes.com/2023/11/21/irs-gives-relief-to-casual-sellers-by-delaying-new-form-1099k-threshold-for-2nd-year/ Tue, 21 Nov 2023 21:04:17 +0000 https://www.ecommercebytes.com/?p=230103 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 tax year 2024. That means Read more]]> https://www.ecommercebytes.com/2023/11/20/specter-of-tax-form-1099k-looms-for-sellers-once-again/ https://www.ecommercebytes.com/2023/11/20/specter-of-tax-form-1099k-looms-for-sellers-once-again/#comments Tue, 21 Nov 2023 04:12:54 +0000 https://www.ecommercebytes.com/?p=230101 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 more than $600 in gross Read more]]> https://www.ecommercebytes.com/2023/11/20/specter-of-tax-form-1099k-looms-for-sellers-once-again/feed/ 1 https://www.ecommercebytes.com/2023/01/11/ebay-ceo-calls-1099k-threshold-delay-welcome-news-for-enthusiasts/ https://www.ecommercebytes.com/2023/01/11/ebay-ceo-calls-1099k-threshold-delay-welcome-news-for-enthusiasts/#comments Wed, 11 Jan 2023 22:18:56 +0000 https://www.ecommercebytes.com/?p=228698 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 overreporting and fewer unnecessary tax Read more]]> https://www.ecommercebytes.com/2023/01/11/ebay-ceo-calls-1099k-threshold-delay-welcome-news-for-enthusiasts/feed/ 1 https://www.ecommercebytes.com/2022/12/30/ebay-to-provide-sellers-with-a-guide-to-1099k-tax-reports/ Fri, 30 Dec 2022 15:14:53 +0000 https://www.ecommercebytes.com/?p=228642 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]]> https://www.ecommercebytes.com/2022/12/23/irs-delays-implementing-600-threshold-for-1099-ks-but-what-will-payment-processors-do/ https://www.ecommercebytes.com/2022/12/23/irs-delays-implementing-600-threshold-for-1099-ks-but-what-will-payment-processors-do/#comments Fri, 23 Dec 2022 21:13:49 +0000 https://www.ecommercebytes.com/?p=228612 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 lower, $600 threshold amount enacted Read more]]> https://www.ecommercebytes.com/2022/12/23/irs-delays-implementing-600-threshold-for-1099-ks-but-what-will-payment-processors-do/feed/ 1 https://www.ecommercebytes.com/2022/12/20/ebay-and-etsy-ceos-call-for-lawmakers-to-act-on-small-business-issues/ https://www.ecommercebytes.com/2022/12/20/ebay-and-etsy-ceos-call-for-lawmakers-to-act-on-small-business-issues/#comments Wed, 21 Dec 2022 02:31:49 +0000 https://www.ecommercebytes.com/?p=228600 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. For eBay CEO Jamie Iannone, Read more]]> https://www.ecommercebytes.com/2022/12/20/ebay-and-etsy-ceos-call-for-lawmakers-to-act-on-small-business-issues/feed/ 3 https://www.ecommercebytes.com/2022/09/21/a-1099-k-notification-from-paypal-alerts-seller-to-unanticipated-problem/ https://www.ecommercebytes.com/2022/09/21/a-1099-k-notification-from-paypal-alerts-seller-to-unanticipated-problem/#comments Wed, 21 Sep 2022 19:45:00 +0000 https://www.ecommercebytes.com/?p=228137 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]]> https://www.ecommercebytes.com/2022/09/21/a-1099-k-notification-from-paypal-alerts-seller-to-unanticipated-problem/feed/ 4 https://www.ecommercebytes.com/2022/09/13/how-do-you-report-sales-of-inherited-stuff-sold-online/ https://www.ecommercebytes.com/2022/09/13/how-do-you-report-sales-of-inherited-stuff-sold-online/#comments Tue, 13 Sep 2022 16:10:32 +0000 https://www.ecommercebytes.com/?p=228112 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 worried about how changes to Read more]]> https://www.ecommercebytes.com/2022/09/13/how-do-you-report-sales-of-inherited-stuff-sold-online/feed/ 4 https://www.ecommercebytes.com/2022/08/31/ebay-turns-to-youtube-to-share-tax-message/ https://www.ecommercebytes.com/2022/08/31/ebay-turns-to-youtube-to-share-tax-message/#comments Wed, 31 Aug 2022 19:59:34 +0000 https://www.ecommercebytes.com/?p=228057 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, an initiative to keep eBay Read more]]> https://www.ecommercebytes.com/2022/08/31/ebay-turns-to-youtube-to-share-tax-message/feed/ 3 https://www.ecommercebytes.com/2022/08/12/new-tax-rules-lead-ebay-to-add-taxact-guidance-for-sellers/ https://www.ecommercebytes.com/2022/08/12/new-tax-rules-lead-ebay-to-add-taxact-guidance-for-sellers/#comments Fri, 12 Aug 2022 13:52:11 +0000 https://www.ecommercebytes.com/?p=227975 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 the impact of the new Read more]]> https://www.ecommercebytes.com/2022/08/12/new-tax-rules-lead-ebay-to-add-taxact-guidance-for-sellers/feed/ 2