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I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

WHY? I have being eBaying for 25 years now. I only have 2700 FEEDBACKS a 100% But only 2700. That is about 1000 feedbacks a year. That is really not much. I live in a small resort community and 25 years ago the entre area closed down for the winter. Well there was this little start up company also started 25 years ago called eBay!  A Idea for selling their PEZ dispensers. I'm sure taxes was not on their minds at the time and they may of just needed money. 

 

So during the off season I started selling things around the house and it did help put food on the table and helped pay rent and for other goods and services as needed. So in 25 years I used the system only as needed.

 

I know there are other folks around the country that need and use this platform as well. And I hate to lose it or see it in ruins.

 

 When you open the door and start to try and MICRO MANAGE it. It opens the door to a whole lot of problems THAT FOLKS AND THE IRS just don't need. AS SIMPLE AS CHASING CORRECT INFORMATION.

I was once told computers are only as smart as the as the folks entering the information. 

 

It's easy to turn a hundred dollars into ten thousand dollars on paper by misplacing a DOT. 

 

DO YOU REALLY TRUST eBay to provide CORRECT INFORMATION ? A friend of mine and fellow eBayer just went over numbers for sales on eBay. WHAT A MESS. They show BIN numbers $800 as SOLD PRICES when the final sale was only a few dollars THINK ABOUT THIS.

 

DELAYS DELAYS SHUT DOWN OF ACCOUNTS SLOW DOWNS OF TAX RETURNS And a whole army of control  freaks running the show with no end in sight.

 

eBay will need COUSTOMER SERVICE SERVICE STAFF To RUN CUSTOMER SERVICE STAFF to Control CUSTOMER SERVICE 

 

The SAME with the IRS. We are talking about a major change that affects THOUSANDS AND THOUSANDS AND THOUSANDS by lowering this 20000 dollar standard AND THEN WHATS NEXT. Yard sales lawn mowing baby sitting. A good baby sitter can earn thousands.  

 

Just think of you running a REAL BUSINESS But now because of this flood of nickel dime sales, things get so confused your own taxes become screwed up. DON'T THINK IT CAN HAPPEN.

 

Let me end by saying WE ALL SEE IT, AND HAVE SEEN IT. And this is at the 20000 level. If you have not seen it JUST WATCH THE NEWS. 

 

It's almost like the dot com bubble. WORD WAS THEY WERE MAKING MILLIONS. When you peal back the covers. There really was no money. 

 

END OF THIS STORY I will say this whole idea has made me really look at what I was doing on eBay as I pealed back the covers. There really is no money being made. It's a LOT OF WORK, HOWEVER IT WAS A NEEDED SOURCE OF NEGATIVE INCOME AS NEEDED OVER THE COURSE OF 25 years of a UP AND DOWN PEACE AND WAR DAYS ECONOMY. 

 

A SINGLE eBayer STAFF IS YOU. YOU ARE THE > Manager, Product sourcing AD RESEARCH SPECIALIST, AD PRODUCER, THE WRITER,  THE PHOTOGRAPHER, WAREHOUSING JUNK, THE COMPLAINT DEPARTMENT, PACKING & WRAPPING SPECIALIST, RSPONSIBLE FOR PACKING AND OFFICE SUPPLIES, BOX BUILDER, AND SHIPPER to SHIPPER RUNNER. RETURNS DEPARTMENT. And getting rid of over stock and failed product listings. And I'm sure you can add a few more into this mix. And you sold a $20.00 item YOU HOPE. 

And lets add how many people you help to support who earn PAYCHECKS. As they say every action has a reaction.  

 

AND NOW THIS POOR PERSON IS THE SUBJECT OF ADDED STRESS  OF SELLING OVER $600 for a entire year. 

I SAY RISE THE CEILING TO 25000,00         .  

THANK YOU eBay for being there.  As I needed you. Sorry but I do tell folks if you have A GOOD JOB with GOOD PEOPLE > KEEP IT! It's rough when your kicked to the streets.

 

 

 

 

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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

SORRY my negative income. or call it a wash with a little suds. 

Message 46 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

I understand this 1099 stuff is a bit of a burden for some sellers, but the thing here is the "speed limit" on eBay never was "75".  Those going "74.9, or less" were still breaking the "rules", as the "rules" did not actually change. Only thing that was done was to cut some of the shrubbery that was blocking the view of the radar guns.

Message 47 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

OK,moving forward,,what about 2023...not sure /not clear on threshold?...not sure anyone really knows?

Message 48 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.


@rapidreplay wrote:

 

I SAY RISE THE CEILING TO 25000,00         .  


I say they should lower it to $1 and then people would stop trying to do gymnastics to justify why THEY should be able to get away with not reporting their income while Bob who works for minimum wage at McDonald's has to report every dollar he earns.

Message 49 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.


@ryanrobyn wrote:

the idea is too catch IRS cheats. Most sellers probably make less than $20K in sales so IRS is definitely gunning for the little guy who wouldn't owe much anyway. IRS claims an ordinary audit costs them $38K. Does it make any sense to go after a guy who owes less than that.


My friend's aunt got audited for her small business about eight years ago. She made around $12k-$15k a year and never reported any of it. She ended up paying thousands in back taxes as a result.

Message 50 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

not everyone is like your aunt.

Message 51 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.


@ryanrobyn wrote:

not everyone is like your aunt.


If you're making a profit and not reporting it, you're at risk for being audited. Period. Doesn't matter how much or how little you're making. My friend's aunt sure didn't think she would be audited, but guess what?

 

Do you want to take that chance? Because I sure don't.

Message 52 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

If your Aunts friend was only making 15000 a year There is no way she was making a profit. And if this was the profit she just made.. after all is said and done that is what the U.S. GOV calls a poverty wage level And yet they stuck her with a fine as well. and spent more then it's worth doing so. 

 this is part of the problem there are good cops and bad cops and very bad cops and when you cut them loose chasing nickel and dimes. We all can end up being victims of this. even when you play by the rules.

 

LOOK EVEN THE IRS HAS ALREADY STALLED THIS PLAN ALREADY! WHY?  I think it was just dropped on them

WHERE KIDS PLANNING THIS LAW?

 I don't think the IRS is that foolish. And i can hear them > YOU WANT US TO DO WHAT? And you want us to hire 87000 new kids TRAIN THEM And release them on the streets to MICRO MANAGE the nation AND CARRY GUNS. WOW! you do realize they use to TAR and FEATHER the tax collectors back in the day. Just how much do you think we can push this?

this is not just about taxes it's so much more it's about abuse of power with no limits. JUST NUTS

 

 

 

Message 53 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

"Audits were made and back taxes were owed long before any third party issued 1099ks for any amount."

 

And any 'babysitter' making thousands should be declaring that money to the IRS.

Message 54 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

"A lot of people don't realize there is a country within this country that operates at another level. It can make you or break you. "

 

Are you perhaps speaking 'con'spiracy' theory....just asking...

 

Message 55 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

"Guess for Biden, who wants to control everything and everyone, it does."

 

Really???

Message 56 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

I do so love a good RANT...ha, I can type in all caps too.

 

I agree with whoever said anything over a dollar should be declared.  I also wish this country had a flat tax, now that would seem fair to me.  No loopholes, no deductions just maybe 10% and everyone pays.  We'd be awash with money.

Message 57 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

I have to agree with that FLAT TAX and the DOLLAR DEAL. It's really a good thing to talk about this. GOD BLESS AMERICA That we are still able to express our views and concerns in this country.  

 

ANYWAY WE LOST THE BATTLE THEY DID PASS THE BILL and Biden will sign it. We Got a little break on the 1099K for 2022 and they have so many details to work out to make it fair and balanced and not turn it into a witch hunt. 

 

 It's Christmas day     JESUS LOVES YOU. THANK YOU JESUS  even with our problems we are blessed. 

 

  

 

 

 

   

Message 58 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.

Just take a breath & let the Government rules clarify itself. When in doubt, just report your income sources & sleep better at night not having to worry about the 87,000 new IRS agents sending you a Christmas card about some miscellaneous Ebay Managed Payment, PayPal, Venmo, or other online payment. 😁🙏

Message 59 of 61
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Re: I FEEL THIS 1099K DELAY IS A GOOD THING the entire plan is just a bad idea.


@moondogblues wrote:

No loopholes, no deductions just maybe 10% and everyone pays.  We'd be awash with money.


That is a good idea, I like it.

 

This is already done on almost all taxes except Income.  Maybe a national sales tax and you pay as you spend no matter what you spend on.  

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