It’s a new year and while the end of 2023 saw the IRS temporarily delay implementation of the harmful new $600 threshold for receiving 1099-K tax forms, Americans who sell online need a permanent solution. Unless a permanent solution is achieved by Congress, that harmful tax reporting policy could go into effect. We need your help telling lawmakers to include an increase in the 1099-K reporting threshold in any tax package that comes together this year. These additional income tax forms (1099-K) will be issued for the sale of virtually all goods, including used or pre-owned goods, even if no income tax is actually owed. This means that people selling only a few used items from their garage will receive confusing tax forms intended for businesses.
Time is of the essence, and we need your help! Click here and make your voice heard.