A coalition of eBay Inc., PayPal Inc., Etsy Inc., and others urged Treasury Secretary Janet Yellen Thursday to delay a tax reporting change that they say will create confusion among their platform users.
A provision of the 2021 pandemic aid law set to take effect for the coming tax filing season will require e-commerce platforms to send a Form 1099-K to taxpayers with more than $600 in business transactions, instead of the previous $20,000 threshold.
After a last-minute push in Congress to add an amendment delaying the change failed, a coalition of 20 platforms said Treasury should put off the ...
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