The New 1099-K

I came across this infographic from the website, Outright.com earlier today and I thought it’s worth sharing with you guys. It’s about the new 1099-K where online sellers, including eBay, Etsy and Amazon and any others who have $20,000 or more in gross sales and 200 transactions or more will now be receiving a 1099-K form from their third-party payment networks like Paypal, showing gross sales reported to the IRS.

big news for small business owners 1099 K Infographic

Comments

  1. Kate says

    Thanks for sharing this infographic – great info about the confusing 1099-K. I was so out of the loop at tax time that I didn’t even know what it was when I received one from Paypal. :)

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