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Mark Tew (CPA): [ Ссылка ]
The IRS recently announced new tax reporting guidelines for online platforms such as eBay, PayPal, Amazon, Facebook Marketplace, and more. In 2022, these sites will now be required to file a 1099K for any seller who exceeds $600 in sales. While all sales are supposed to be reported to the IRS (regardless of amount), this new guideline will hit online resellers by surprise, many of whom have previously gone under the radar with this sales revenue.
In this video, we will examine this new guideline, explore different methodologies for filing taxes on online sales, and explore the broader market implications of this change. If you sell Pokemon cards or other items online, I encourage you to plan ahead, keep detailed records of your sales/expenses, and consult with a licensed CPA or tax professional . . . prepare now!
Pokemon Classics
*Disclaimer: I am not a licensed CPA or certified tax expert. The information in this video simply reflects my personal understanding of tax laws for online selling. All tax situations are different and vary by income, location, profession, and filing status. Please consult with a professional and do your own research!
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◾eBay Store: [ Ссылка ] (Affiliate Link)
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
