Wrong issued 1099 K on my name. Not on LLC | Selling

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.

Thank you for understanding.

newmiker

·3 years ago

Just an update. In fact, I found the corrected form showed up in my account. In the new form, "Corrected" is marked, EIN and company address were used.

dbfolks166mt

·3 years ago

Just an update. In fact, I found the corrected form showed up in my account. In the new form, "Corrected" is marked, EIN and company address were used.

Great to hear.

rarevisionbooks

·3 years ago

That's great to hear! Were you able to get the Account Type changed from Sole proprietor/Single-member LLC to a Corporation? They still haven't changed that on my account even though they did correct the 1099k. I do not want this same thing happening next year.

vinascrystals

·3 years ago

Was there some sort of notice? Or you just redownloaded?

I emailed my W-9 3 days ago

newmiker

·3 years ago

My form got corrected yesterday and got a notice today. The notice had a title of "W-9 Received - Correction Complete SR#xxxxx".

tools-plus-more-llc

·3 years ago

9025 View listings

Did you ever get an email from eBay stating they received your W9? Iâ€™m on day 5 after emailing and have not gotten any response. Iâ€™ve called ebay numerous times and they just keep saying it is delayed and has not been processed yet.

newmiker

·3 years ago

n. I did not get an email confirming the delivery of W9. After ~9 days submission, got the email confirming that a correction has been done.

itrustliquidity

·3 years ago

776 View listings

Hi. Can you explain me how did you did this? How can i make ebay change my 1099k under the llc ein and not under my social security number please i need you help

newmiker

·3 years ago

anybody recently got a confirmation email after w9 submissions by email? it has been 9 days after submission, no confirmation.

dbfolks166mt

·3 years ago

anybody recently got a confirmation email after w9 submissions by email? it has been 9 days after submission, no confirmation.

At this point I cannot understand why sellers are still bumbling around with eBay rather than calling the IRS. The first time I had an issue with the 1099 multiple calls to eBay resolved nothing. One call to the IRS and 2 days later the correction was completed.

tools-plus-more-llc

·3 years ago

9025 View listings

What number did you call and how did you go about getting it fixed?

dbfolks166mt

·3 years ago

What number did you call and how did you go about getting it fixed?

I called the 800-829-1040 number but it's been 2 years since I had my issue. If the IRS agents at the 800 number cannot solve your problem they should be able to point you in the right direction.

newmiker

·3 years ago

send w9 form on feb 28 and no email confirmation was received so far. check with ebay. it asked to wait for another week.

rarevisionbooks

·3 years ago

Received corrected 1099k on account for download 3/2/23. Seven days following my emailed W-9. They did not change my account type yet, so I will wait on contacting them about that again until the dust settles with them sorting out everything. I just do not want this happening again next year. I believe they are working on it, but keep on them about it.

rarevisionbooks

·3 years ago

@beautifuljewelrynyc Did you ever get your account type changed to a Corporation? I emailed the tax department my W-9 last Thursday so they could at least change my account type for a start. Yesterday I received an email back from them stating they had received my W-9 and and saying â€œYou should see the correct form with the next 5-10 Business Days available for download on your account ." Just like you have. They still HAVE NOT changed my account type. This is getting ridiculous. So in roughly two weeks when nothing changes I have to call again and start the process over?? Our taxes are due on March 15th. So we have to file an extension because we have no answers.

beautifuljewelrynyc

·3 years ago

Yes eBay had corrected my account type to Corporation on 2/8. My company is a Inc.

(We need to save all the correspondence from eBay.)

hero_collect

·3 years ago

Dont worry too much, they told me the same thing. I just recieved an updated hard copy by mail. A few days later a new one was ready for download. If Ebay stated they have corrected it after sending in the W-9, you just have to wait a bit.

vinascrystals

·3 years ago

Can you tell us exactly what did you do step by step? It seems like only you has been successful so far.

hero_collect

·3 years ago

Contact Ebay through chat and ask for a Phone call.

(if you are lucky, you will get a person in the tax department)

Explain to them your situation about the 2022 1099-k.

For my self I am a LLC that has been elected as a Corporation.

I was asked to send in a W-9 to a specific email with a specfic subjectline.

(I will not put this information here, ebay will provide that)

After I submitted the information, I was contact about 5-6 days later with a message on ebay.

They stated that the corrected was reviewed and changes has been made.

However, when you try to download the new updated one, it will NOT be available until a few days later. A hard copy will be mailed your address also.

I know its frustrating, but just stay positive.

beautifuljewelrynyc

·3 years ago

I received the corrected 1099K available on account for download today.

onlineservice-usa

·3 years ago

2208 View listings

Same here. eBay Help said we will receive the correct form in 5-10 business days. We still haven't received the new form after 3 weeks.

dbfolks166mt

·3 years ago

Same here. eBay Help said we will receive the correct form in 5-10 business days. We still haven't received the new form after 3 weeks.

At this point contact the IRS not eBay. EBay can continue to stall for eternity you have no leverage or clout to make them correct the 1099. At this point you may also want to consider filing for an extension. The incorrect 1099 is basis for doing so. The IRS number is 800-829-1040.

rarevisionbooks

·3 years ago

When I reached out in chat again today the rep told me because I was an sole/single LLC they would not change the 1099k for 2022 (even though in 2021 they used my business name/ein on 1099k). She said my request was denied 3 times, even though I only talked to them once by chat on 1/30/23 other than today. She told me to go to the settings and change my business type for 2023. I said there wasn't that option so was directed to screenshot what I was trying to do and email the images to them. She said "Our internal team will review and update it for you if they can :)"

Hopefully they can, because if they can't who can?? And that would only be for 2023 and forward, and maybe a partial year depending on how long this takes them.

Has anyone else having any luck in getting this sorted?

quickstorevegas

OP3 years ago

Tried to change business information too. No option from Sole/Single LLC owner

beautifuljewelrynyc

·3 years ago

On W-9 form, Federal tax classification has more options than on eBayâ€™s setting. Try to contact eBay again to see if can re-submit a correction request and send them W9 (the form can download on IRS website).

hero_collect

·3 years ago

Currently there is two problems on my account:

1. I do not have the choice to change from sole/single member llc to a corporation. (it just doesnt give me the option to change)

2. My 1099-k is under my name and ss not my business and ein.

Contact them again, and ask to be transfered to someone in the tax department.

I was ask to send in a W-9 form from the IRS. I called again a few days later and (luckily) I was talking to somebody in the tax department.

She assure me tha it will fix it but it will take about 5-7 business days.

Make sure you contact them ASAP, our filing time is running shorter each day.

beautifuljewelrynyc

·3 years ago

If the correction request was submitted earlier, while the W-9 was sent a few days later, need to make sure the correction request is still valid/not denied already when sending out the W-9. eBay denies a request in about 3 days. Need to re-submit the request.

After receiving both the correction request and W-9, in about 3 days, eBay tax team will send a confirmation email.

Correction request and W-9 form better to be submitted at same time.

vinascrystals

·3 years ago

I was ask to send in a W-9 form from the IRS.

How did you send your W-9? Email or through chat?

Is it better to have W-9 ready and filled up then send it to them as you are in the chat/phone with them?

quickstorevegas

OP3 years ago

So, what you guys with tax as S-Corp will do ? Still nothing from eBay.

vinascrystals

·3 years ago

I chatted again with an eBay support agent and she took all my information and said she will pass this to the tax department. That was last week and haven't heard since. I am not hopeful they will fix it.

As to avoid triggering an audit, apparently most accountants do is to file a schedule C on the owner's personal return and then "nominee" the entire amount to the EIN, recording it as an expense line item.

So for example:

SCHEDULE C INCOME: 500,000

EXPENSE LINE ITEM 1. - 500,000 NOMINEE INCOME TO EIN XX-XXXXXX

This workaround is not endorsed in writing by IRS so we still have the risk that their machines might flag the personal return for audit so eBay has to fix this.

wastingtime101

·3 years ago

@quickstorevegas wrote:
So, what you guys with tax as S-Corp will do ? Still nothing from eBay.

Hey @quickstorevegas - read the last few posts from @beautifuljewelrynyc as they worked this out with eBay and shared steps on what they did.

newmiker

·3 years ago

Hello @wastingtime101. @beautifuljewelrynyc is different case. He/She has an INC, but accidently used sole/single LLC when he set up accounts, so ebay will correct it for sure.

hero_collect

·3 years ago

@rarevisionbooks

I am a LLC, that has been elected as an S corp in 2020. I was also taxed under my SS because Ebay never provided me an option to change from Single Member to Corporation.

Try calling cs again. After my 4th attempt contacting them. A Ebay cs rep told me to send in a w-9 with my updated information. I dont want to put their specific email in here yet because I am still submitting the information. I will update soon.

Try calling them again and asking if you can submit a w-9 and if they can update your information. They will provide you a specific email + subject line.

newmiker

·3 years ago

so you will change the business type from single LLC to corp though you are a single member llc. then you will be taxed as crop under EIN. Did they say that they will correct the current 1099? and how about the next year' 1099? two 1099s, one under ssn before correction and one under ein after correction?

rarevisionbooks

·3 years ago

No update here either. Was told on Jan 30, 2023, 10-12 business days for corrected 1099k. Would also please request ebay support to let us know how to proceed. Cannot use current 1099k. This makes no sense that we get no response here.

newmiker

·3 years ago

any update? Below was info from official website if 1099k received showing personal name. Can eBay help us?

Scenario: Report business income on Form 1120, 1120S or 1065 and you receive a Form 1099-K in your name

Action(s) to take:

If you report your business income on a Form 1120, 1120S or 1065 and you receive a Form 1099-K in your name as an individual (showing your social security number), contact the PSE listed on the Form 1099-K to request a corrected Form 1099-K showing the business's TIN. In addition, request that the PSE use the business's TIN on all future Forms 1099-K. Report the income from the Form 1099-K along with any other sources of income on the appropriate income tax return. Retain all correspondence with the PSE to show that this error was corrected.

newmiker

·3 years ago

No update.

quickstorevegas

OP3 years ago

Update ?)

vinascrystals

·3 years ago

No updates here. I still have not reached out since my 1st call with the help agent who said they will correct my 1099-K in 10 days. It's been over 2 weeks.

Anybody here got successfully changed their 1099Ks to their EIN?

eBay reps here? Anybody? Please help us.

hero_collect

·3 years ago

No Update

1. Ebay CS told me 10-14 days because it was an error in the system

2. Called CS again, told me IRS changed the rule for 2022.

Not sure what to do.

rarevisionbooks

·3 years ago

devon@ebay I had talked to someone in finance last year regarding my concern because we were listed as a single member llc and it was our first year managed payments were taking effect for us. We wanted to make sure the 1099k (for 2021) was in the businesses name/ein since we file as an s-corp. She said on ebays end as long as the account was a business account with business name llc and ein that is what the 1099k would reflect. Which it DID on the 1099k for 2021. So all was good. Had no expectation of the mess this year. We have both a brick and mortar and online store with eBay under our llc s-corp. Our brick and mortar credit card processor issued our 1099k in our business name/EIN. We need our ebay 1099k to be in the business name with the EIN number. Please do not throw us to the wolves here... direct us on how to proceed. Do you need us to re-contact support and request an account change? If so, don't let us hang here. Just tell us what we need to do to get this corrected 1099k in motion.

vinascrystals

·3 years ago

Even the link that @devon@ebay posted in the chat clearly says:

"If a single-member LLC does not elect to be treated as a corporation, "

There are plenty of us single-member LLCs that are indeed treated as a corporation so what do we do in this instance @devon@ebay?

newmiker

·3 years ago

@devon@ebay Here was the quote from website "For federal income tax purposes, a single-member LLC classified as a disregarded entity generally must use the owner's social security number (SSN) or employer identification number (EIN) for all information returns and reporting related to income tax". More here. "For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner, unless it files Form 8832 and affirmatively elects to be treated as a corporation."

quickstorevegas

OP3 years ago

Still nothing from eBay.

rarevisionbooks

·3 years ago

Anyone receive an updated 1099k yet for this issue? We contacted customer service on 1/30/23 and they took all of our EIN business name/address info through chat. We were told 10-12 days for the correction. But now I'm hearing different things here about no correction being done. What a mess this will be. We also file as an S-corp. Someone said if it does not get corrected to put the info on Sch. C and deduct it all in expense as nominee income referring to the EIN number on that line. Hopefully it won't be as messy as that. Always received in the business name/EIN before this.

dbfolks166mt

·3 years ago

eBay Makes SNAFU in Issuing IRS Form 1099K Tax Forms (ecommercebytes.com)

Anyone receive an updated 1099k yet for this issue? We contacted customer service on 1/30/23 and they took all of our EIN business name/address info through chat. We were told 10-12 days for the correction. But now I'm hearing different things here about no correction being done. What a mess this will be. We also file as an S-corp. Someone said if it does not get corrected to put the info on Sch. C and deduct it all in expense as nominee income referring to the EIN number on that line. Hopefully it won't be as messy as that. Always received in the business name/EIN before this.

______________________________________________________________________________________________

You can believe little of what customer support tells you these days they just want you off the phone. If you do not have a corrected 1099 by 14 February and this issue is going to cause you problems filing your taxes, (get advice from a professional tax expert) and potentially trigger an audit you should contact the IRS and they will get eBay to fix the issue. If there are issues with getting a corrected 1099 you can file for an extension with the IRS on submitting your taxes. The IRS contact number is 800-829-1040,

flexmotoring

·3 years ago

6633 View listings

Our 2021 was under our EIN and LLC name and 2022 is under personal SSN and name. This is a problem since we're treated as an S-corporation.

nuclearomen

·3 years ago

Owner1703 View listings

still waiting for them to generate 1099K for me, still nothing, seems their issue isn't just wrong name etc...

glenvonnie

·3 years ago

22399 View listings

"eBay Makes SNAFU in Issuing IRS Form 1099K Tax Forms"

quickstorevegas

OP3 years ago

Email answer from eBay - I can absolutely understand your concern related to the 1099K Year: 2022 you have received under your SSN. Please be assured that I will share the proper information.

After reviewing the details, I would like to inform you that there are changes made by the IRS for year 2022 and for the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. Please be aware that eBay only acts as per IRS requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of such entities. So you have received the 1099K 2022 as per the latest IRS requirements.

dbfolks166mt

·3 years ago

https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc

Email answer from eBay - I can absolutely understand your concern related to the 1099K Year: 2022 you have received under your SSN. Please be assured that I will share the proper information.

After reviewing the details, I would like to inform you that there are changes made by the IRS for year 2022 and for the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. Please be aware that eBay only acts as per IRS requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of such entities. So you have received the 1099K 2022 as per the latest IRS requirements.

_____________________________________________________________________________________

So exactly HOW does eBay know you are a Sole-Prop or a single member LLC? The last part of the response is also inaccurate see following from IRS. This is what happens when you have an ecommerce company thinking they are a financial company as well.

Classifications

Depending on elections made by the LLC and the number of members, the IRS will treat an LLC as either a corporation, partnership, or as part of the LLCâ€™s ownerâ€™s tax return (a â€œdisregarded entityâ€). Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation. For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner, unless it files Form 8832 and elects to be treated as a corporation. However, for purposes of employment tax and certain excise taxes, an LLC with only one member is still considered a separate entity.

quickstorevegas

OP3 years ago

In your account settings you have business information and format of LLC. I think they take it from there

dbfolks166mt

·3 years ago

In your account settings you have business information and format of LLC. I think they take it from there

__________________________________________________________________________________________

Yes but that information is insufficient for eBay to determine how the OP or an LLC files it's taxes or if they have filed an 8832 with the IRS. Only the seller would know that. At this point OP should probably just call the IRS and if the 1099 is incorrect the IRS will get eBay to fix it.

vinascrystals

·3 years ago

They really should have done this the way they have always done in the past years, If the account is registered as a business with a business name and an EIN, then you issue 1099-K under that.

There is no way IRS directed them to do what they did this year. There are plenty of single member LLC's like me who are taxed as an S-CORP and never do schedule C on our personal returns.

wastingtime101

·3 years ago

@quickstorevegas wrote:
Email answer from eBay - I can absolutely understand your concern related to the 1099K Year: 2022 you have received under your SSN. Please be assured that I will share the proper information.

After reviewing the details, I would like to inform you that there are changes made by the IRS for year 2022 and for the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. Please be aware that eBay only acts as per IRS requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of such entities. So you have received the 1099K 2022 as per the latest IRS requirements.

Hey @devon@ebay - can you provide any more info here? I know you already said the above info from CS is wrong, but it sounds pretty definitive. CS has now given this same response to 2 different sellers on this discussion - @quickstorevegas and @babclassicscoins.

What exactly is happening and is eBay going to adjust 1099K for single member LLCs or leave them hanging? Does everybody affected have to contact CS individually and if they do will they be met with the same brick wall as these sellers?

As the poster above me said:

@vinascrystals wrote:
They really should have done this the way they have always done in the past years, If the account is registered as a business with a business name and an EIN, then you issue 1099-K under that.

There is no way IRS directed them to do what they did this year. There are plenty of single member LLC's like me who are taxed as an S-CORP and never do schedule C on our personal returns.

devon@ebay

Admin3 years ago

Community Advisor0 View listings

@wastingtime101 wrote:

@quickstorevegas wrote:

Email answer from eBay - I can absolutely understand your concern related to the 1099K Year: 2022 you have received under your SSN. Please be assured that I will share the proper information.

After reviewing the details, I would like to inform you that there are changes made by the IRS for year 2022 and for the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. Please be aware that eBay only acts as per IRS requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of such entities. So you have received the 1099K 2022 as per the latest IRS requirements.

Hey @devon@ebay - can you provide any more info here? I know you already said the above info from CS is wrong, but it sounds pretty definitive. CS has now given this same response to 2 different sellers on this discussion - @quickstorevegas and @babclassicscoins.

What exactly is happening and is eBay going to adjust 1099K for single member LLCs or leave them hanging? Does everybody affected have to contact CS individually and if they do will they be met with the same brick wall as these sellers?

As the poster above me said:

@vinascrystals wrote:

They really should have done this the way they have always done in the past years, If the account is registered as a business with a business name and an EIN, then you issue 1099-K under that.

There is no way IRS directed them to do what they did this year. There are plenty of single member LLC's like me who are taxed as an S-CORP and never do schedule C on our personal returns.

Hey @wastingtime101! Let me reach out to some specialist on this to get some more clarity and once I hear back I will be sure to share what they said with yourself and others.

wastingtime101

·3 years ago

Thanks, appreciate that Devon. If they give you the same canned response the other 2 posters got, please attempt to push back and get some clarity around this.

Just because it's a single member LLC does not automatically mean they file as a disregarded entity on Sched C - many are taxed as S-CORP and file a different form for their business. eBay CS should not be dismissing everyone that requests a revision.

rfmtm

·3 years ago

623 View listings

Here are the current in print rules from the IRS for issuing a 1099K. Apparently for Sole Proprietor either the SSN or the EIN is allowed, but the SSN is preferred. So it appears, ebay has a choice and choose the SSN.

From the IRS General Instructions for Certain Information Returns:

Sole proprietors. You must show the individual's name on the first name line; on the second name line, you
may enter the â€œdoing business as (DBA)â€ name. You may not enter only the DBA name. For the TIN, enter either the individual's SSN or the EIN of the business (sole proprietorship). The IRS prefers that you enter the SSN.

Limited liability company (LLC). For a single-member LLC (including a foreign LLC with a U.S. owner) that is disregarded as an entity separate from its owner under Regulations section 301.7701-3, enter the owner's name only on the first name line and the LLC's name on the second name line. For the TIN, enter the owner's SSN (or EIN, if applicable). If the LLC is taxed as a corporation, partnership, etc., enter the entity's EIN.

wastingtime101

·3 years ago

@rfmtm wrote:
If the LLC is taxed as a corporation, partnership, etc., enter the entity's EIN.

That's the part in question here. I've been trying to help other sellers get answers working under the assumption that those taxed as an S-CORP know what the requirements are and have reviewed this with their tax professionals - then came here and said they're required to have the EIN on the 1099 form.

eBay posting a site-wide tech ticket on the tech issues board backed up what these sellers were saying.

My only personal experience filing with an LLC is as a disregarded entity where it doesn't matter if SSN is on the 1099.

rfmtm

·3 years ago

623 View listings

Yes, if the LLC is taxed as corporation there is no choice per the IRS, the issuer must use the EIN. So I have no clue what "guidelines" the ebay rep is looking at, as these are current IRS requirements.

dhbookds

·3 years ago

1700 View listings

@devon@ebay

hope the tax guy has an answer to this one in Monthly chat.........

@devon@ebay wrote:
@wastingtime101 wrote:
@quickstorevegas wrote:
Email answer from eBay - I can absolutely understand your concern related to the 1099K Year: 2022 you have received under your SSN. Please be assured that I will share the proper information.

After reviewing the details, I would like to inform you that there are changes made by the IRS for year 2022 and for the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. Please be aware that eBay only acts as per IRS requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of such entities. So you have received the 1099K 2022 as per the latest IRS requirements.
Hey @devon@ebay - can you provide any more info here? I know you already said the above info from CS is wrong, but it sounds pretty definitive. CS has now given this same response to 2 different sellers on this discussion - @quickstorevegas and @babclassicscoins.

What exactly is happening and is eBay going to adjust 1099K for single member LLCs or leave them hanging? Does everybody affected have to contact CS individually and if they do will they be met with the same brick wall as these sellers?

As the poster above me said:

@vinascrystals wrote:
They really should have done this the way they have always done in the past years, If the account is registered as a business with a business name and an EIN, then you issue 1099-K under that.

There is no way IRS directed them to do what they did this year. There are plenty of single member LLC's like me who are taxed as an S-CORP and never do schedule C on our personal returns.

Hey @wastingtime101! Let me reach out to some specialist on this to get some more clarity and once I hear back I will be sure to share what they said with yourself and others.

vinascrystals

·3 years ago

@babclassicscoins Did you do the call back option yet and had them change it? Did they give you a timeline on when you'll receive an updated copy?

I called yesterday and the agent put in the request and that it could take around 7 days. But now I am wondering if I need to call again. I do not do schedule C so it is very important for me that earnings are reported on my LLC S Corp EIN.

babclassicscoins

·3 years ago

66 View listings

@vinascrystals wrote:
@babclassicscoins Did you do the call back option yet and had them change it? Did they give you a timeline on when you'll receive an updated copy?

I called yesterday and the agent put in the request and that it could take around 7 days. But now I am wondering if I need to call again. I do not do schedule C so it is very important for me that earnings are reported on my LLC S Corp EIN.

Have not made the call yet. Thinking of calling the IRS first so I don't sound un-informed. Will post in next couple days of my business outcomes. Hope you get your updated forms soon. Agree with others who stated you may want to contact your "tax person" or even call the IRS in your business situation. It could well be that the IRS sees this all the time and figures out who you are in any case, but just not sure.

vinascrystals

·3 years ago

I am having the same issue. I called ebay customer service right away and was told that it takes 3 business days for the right department to process the request and then another 7 business days to receive an updated copy of the 1099-K.

This statement is not very accurate "this year IRS require to send 1099-K on personal name and SSN of the account owner".

A lot of us here are single member LLC taxed as an S-CORP, some are multi-member LLC's etc.

quickstorevegas

OP3 years ago

Are you sure ? @devon@ebay

quickstorevegas

OP3 years ago

So, got answer from eBay's Tax Department. He said that if you are single member LLC, from this year 1099K goes to your personal name and SSN.

quicksilverwholesale

·2 years ago

1096 View listings

That is bad info from eBay. Single member LLCs should have it listed under the LLC Name & EIN.

nuclearomen

·3 years ago

Owner1703 View listings

that's OK, i had to call ebay to get them to generate a 1099K for me this morn, been waiting and waiting still says no 2022 1099K available for me...well that's not right, did over 20K and 200 sales so yeah need that... waiting on them now to generate one for me, said 4-5 days for that.

quickstorevegas

OP3 years ago

Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.

newmiker

·3 years ago

interesting. possibly wait for 1-2 week to see what will happen. If a single member llc is elected as s corp, 1120s will be filed. 1099K need to go to EIN under the company name.

wastingtime101

·3 years ago

@quickstorevegas wrote:
Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.

Can you confirm if this advice from CS is accurate @devon@ebay?

devon@ebay

Admin3 years ago

Community Advisor0 View listings

@wastingtime101 wrote:

@quickstorevegas wrote:

Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.

Can you confirm if this advice from CS is accurate @devon@ebay?

Hey @wastingtime101! This information that was shared would be incorrect and I recommend for @quickstorevegas to reach back out to customer support to have their account added to the ticket if they are running into this issue.

quickstorevegas

OP3 years ago

I twice got that information from two different CR. One was from eBay's Tax Department. Who is right ?

wastingtime101

·3 years ago

https://community.ebay.com/t5/Monthly-Chat-with-eBay-Staff/Monthly-Chat-February-8th-at-1-00-pm-PST/m-p/33544654/highlight/true#M29876

@quickstorevegas wrote:
I twice got that information from two different CR. One was from eBay's Tax Department. Who is right ?

I'm only suggesting this since you've now encountered 2 reps giving you that info:

Do you have a social media account on either FB or Twitter? If you do I suggest sending them a DM with the ticket # and asking them to add your account. eBay for Business on FB or Askebay on Twitter

Thanks for the response @devon@ebay - if you could get those calls quickstorevegas had with CS reviewed so those reps are given the correct info that would be great. It's a bad experience, especially surrounding finances, when a seller calls in for help and is given wrong info and told their 1099K can't be revised.

babclassicscoins

·3 years ago

66 View listings

@wastingtime101 wrote:
@quickstorevegas wrote:
I twice got that information from two different CR. One was from eBay's Tax Department. Who is right ?
I'm only suggesting this since you've now encountered 2 reps giving you that info:
Do you have a social media account on either FB or Twitter? If you do I suggest sending them a DM with the ticket # and asking them to add your account. eBay for Business on FB or Askebay on Twitter

Thanks for the response @devon@ebay - if you could get those calls quickstorevegas had with CS reviewed so those reps are given the correct info that would be great. It's a bad experience, especially surrounding finances, when a seller calls in for help and is given wrong info and told their 1099K can't be revised.

I have contacted social media Facebook reps at 7PM Wednesday 2/1 regarding my 1099-Ks and this ticket. They have not answered yet but will post back here when and if they respond. A key factor could be differences between a business account and a personal account. I their own help pages eBay clearly shows that EIN is required for business account and SSN for personal.

It seems that now SSN is required for all accounts (at least I think so) but it has gotten confused / mixed up with EIN on 1099-K and we are getting mixed up answers.

babclassicscoins

·3 years ago

66 View listings

@babclassicscoins wrote:
@wastingtime101 wrote:
@quickstorevegas wrote:
I twice got that information from two different CR. One was from eBay's Tax Department. Who is right ?
I'm only suggesting this since you've now encountered 2 reps giving you that info:
Do you have a social media account on either FB or Twitter? If you do I suggest sending them a DM with the ticket # and asking them to add your account. eBay for Business on FB or Askebay on Twitter

Thanks for the response @devon@ebay - if you could get those calls quickstorevegas had with CS reviewed so those reps are given the correct info that would be great. It's a bad experience, especially surrounding finances, when a seller calls in for help and is given wrong info and told their 1099K can't be revised.
I have contacted social media Facebook reps at 7PM Wednesday 2/1 regarding my 1099-Ks and this ticket. They have not answered yet but will post back here when and if they respond. A key factor could be differences between a business account and a personal account. I their own help pages eBay clearly shows that EIN is required for business account and SSN for personal.

It seems that now SSN is required for all accounts (at least I think so) but it has gotten confused / mixed up with EIN on 1099-K and we are getting mixed up answers.

Update - I talking with eBay rep on Facebook for business. The ticket in question has been closed and "resolved" so you can't add to it any longer. Here is the eBay resolution from the ticket:

"Member's 1099-K form generated contains the SSN rather than the EIN and business name". The resolution was this "Customers may call in requesting their 1099K to reflect their EIN if they are a Sole Prop or Single Member LLC. The 1099K with an SSN is not a bug or error, these have been filled out per the IRS."

So, it sounds like eBay will let you use your business name and EIN for Sole Proprietor or Single Member LLC if you ask them to, but they do NOT think it is a mistake. I have poured over IRS documents and it does seem for this exact case EIN is optional and SSN can be used instead. But many single owners use EIN for better privacy and separation when dealing with banks or contracts.

BUT... for multi-member LLCs and S-CORPs it seems to me eBay should be using the EIN for sure and we should not have to ask! Sounds like for some sellers like @vinascrystals this is the case. For those types of businesses, I would consider getting a call-back from the eBay finance people here according to facebook for business chat: http://spkl.io/61824w042

I am NOT a tax expert but here goes: For Sole Proprietor it seems you can use either SSN or EIN as you feel comfortable. I prefer to get new 1099-Ks that match my previous filings. Hope this helps.

valueaddedresource

·3 years ago

5 View listings

@devon@ebay wrote:
@wastingtime101 wrote:
@quickstorevegas wrote:
Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.
Can you confirm if this advice from CS is accurate @devon@ebay?
Hey @wastingtime101! This information that was shared would be incorrect and I recommend for @quickstorevegas to reach back out to customer support to have their account added to the ticket if they are running into this issue.

@devon@ebay the answer you gave here on 2/2 contradicts the answers you gave yesterday in the monthly chat.

"For the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of these entities."

So does that mean the results of your following up and looking into it further are that this isn't a technical issue and the advice originally given to @quickstorevegas by customer support was in fact accurate?

valueaddedresource

·3 years ago

5 View listings

@valueaddedresource wrote:
@devon@ebay wrote:
@wastingtime101 wrote:
@quickstorevegas wrote:
Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.
Can you confirm if this advice from CS is accurate @devon@ebay?
Hey @wastingtime101! This information that was shared would be incorrect and I recommend for @quickstorevegas to reach back out to customer support to have their account added to the ticket if they are running into this issue.
@devon@ebay the answer you gave here on 2/2 contradicts the answers you gave yesterday in the monthly chat.

https://community.ebay.com/t5/Monthly-Chat-with-eBay-Staff/Monthly-Chat-February-8th-at-1-00-pm-PST/m-p/33544654/highlight/true#M29876

"For the 2022 Tax year, we have aligned issuing 1099Ks to IRS standards for Sole-Prop and Single Member LLC requirements. The IRS requires that Sole Props and Single Member LLCs file returns using the SSN of the owner, not the EIN of these entities."

So does that mean the results of your following up and looking into it further are that this isn't a technical issue and the advice originally given to @quickstorevegas by customer support was in fact accurate?

I just noticed ALERT14445 has been removed from the ongoing technical issues post, so I guess that answers that question.

@devon@ebay may I suggest that when editing the ongoing tech issues post, alerts are moved to "resolved" with an explanation, even if the resolution/explanation is that it was found not to be a technical issue at all?

Simply editing the post and deleting it doesn't change the fact that many sellers were given that ticket number and told this was a technical issue. By not providing any follow up or explanation, there may be continued confusion on the issue, not to mention wasted customer service resources.

dbfolks166mt

·3 years ago

Just tried to call and add Reference ID: ALERT14445 to my case. CS said that they got answer fro IRS and from this year IRS require to send 1099-K on personal name and SSN of the account owner and Stakeholder/Beneficial owner. So, 1099k will be not corrected as it's IRS guides. Please try to call eBay today and share your experience from different CS.

These days I would put little stock in what eBay customer support tells you or whether eBay even actually called the IRS. It may simply be a ploy to keep sellers from contacting the IRS directly. There are some stiff penalties if the 1099's are incorrect or inaccurate.

wastingtime101

·3 years ago