EBay is launching a coalition to lobby for 1099-K fairness in response to the decrease in the business transaction threshold established by the American Rescue Plan Act last year, the company announced in a media briefing Thursday.
“The coalition aims to promote the interests of millions of Americans casually selling goods online and advocate for common sense tax regulations to govern the online goods resale market,” said Jordan Sweetnam, eBay senior vice president and general manager of the Americas market.
The ARPA provision required third-party networks to send 1099-K forms to taxpayers who have business transactions of more than ...
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