An eBay seller is having panic attacks… A prominent legal expert is shocked and outraged… Seller online marketplace accounts are being shut down… Law firms are increasingly using a tactic called “Schedule A Defendant” lawsuits to target online merchants on Read more
Beware Snail Mail Purporting to Be from the IRS. It’s common to be targeted by scammers via email, phone, and texts, but the IRS warned of a new tax scam that’s sent right to your front door. Scammers are enticing Read more
The Federal Trade Commission (FTC) is going full steam ahead on enforcing a new law that takes effect next week that requires marketplaces to disclose sellers’ names and full addresses to their buyers. Last week, eBay sent the following email Read more
The FTC tweeted a message to consumers informing them they can get information about marketplace sellers and can report questionable activity thanks to a new law called the INFORM Act. The Friday morning tweet linked to a page on the Read more
If you were one of the 1,500 New Yorkers who reported price gouging of Lysol products to the state’s Attorney General during the pandemic, expect to receive a $10 reimbursement check. The New York Attorney General’s office announced on Monday Read more
TaxCloud has a new owner and a new CEO. Equity firm Camber Partners led a $20 million growth equity round in the company, it announced on Monday. With over 4,000 ecommerce customers, TaxCloud’s platform helps merchants calculate, collect, and file Read more
The IRS has tweaked a question that all taxpayers must answer on their tax return in April for tax year 2022, and it’s especially important for online sellers (and collectors) to be prepared so they don’t get into trouble down Read more
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
Congress has 43 days to act to protect casual online sellers and microbusinesses from “unfair tax and privacy burdens,” according to a coalition of online marketplaces. The countdown clock appears on 1099kfairness.org, the website of lobbying group Coalition for 1099-K Read more
Ecommerce platform Shopify launched a tool to help merchants manage their sales-tax collection obligations – and the company said it was just the beginning. Its long-term goal is to build a complete end-to-end sales-tax solution for sellers. A spokesperson for Read more
