E-Merchants Trade Council - TRADE 1099Ks Will the laws change?

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TRADE 1099Ks Will the laws change?

Tue, December 06, 2022 1:23 PM | Karen Kelly (Administrator)

EBay, Lawmakers Push to Change Tax Reporting Rule in Lame Duck (bloombergtax.com)

The American Rescue Act signed by the Biden Administration in March 2021 lowered the 1099K requirement from $20,000 + 200 transactions to $600 of gross revenue (not taxable income)

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TRADE 1099Ks Will the laws change?

Tue, December 06, 2022 1:23 PM | Karen Kelly (Administrator)

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