01-30-2023 01:53 PM
01-30-2023 02:20 PM
Was last year's Form 1099-K issued for your LLC?
A taxpayer does not need to have a Form 1099-K in hand to file their tax returns. You may use your own records to complete all the form necessary for filing.
01-30-2023 02:25 PM
Of course last 3 years 1099K's was issued on my LLC. And 1099-K goes to IRS.
01-30-2023 02:30 PM
Good luck.
01-30-2023 02:51 PM
Yeah, that's a headache with the IRS expecting you to report that income as an individual instead of reporting through your LLC. If history is any indication, eBay hasn't sent the forms to the IRS yet so hopefully you'll get this fixed before that happens.
Last year there were a lot of issues with 1099s and while the widespread issues were eventually sorted, I think it took about a month? eBay wasn't really acknowledging the issues or providing updates, they just kept referring us to CS and CS often didn't understand the problem.
Good luck with this, and keep us posted when you're able to get a resolution.
01-30-2023 03:55 PM
Does your llc have a employer id? Is your llc a disregarded entity filed as a schedule c or do you file that as a corp?
01-30-2023 04:55 PM
Excerpts from the IRS webpage entitled Understanding Your Form 1099-K.
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.
01-31-2023 09:47 AM
Hello. I have the same problem. eBay send 1099k to the sole shareholder's SSN, not the company's EIN (S crop). I contacted eBay last night and it told me they will put a request to update my EIN and send a new 1099K under the EIN. Are you a single member LLC?
01-31-2023 10:06 AM
Yes. Looks like I'm not alone )
01-31-2023 12:39 PM
I have the identical problem. How did you contact eBay, if you don't mind sharing?
01-31-2023 12:44 PM
First through chat. After chat, called them.
01-31-2023 12:54 PM
I assume call the number on the 1099-K. Okay, I'll give it a shot. Wish me luck.
01-31-2023 01:00 PM
I used chat, and was forwarded to another team (possibly payment team). It can put a request to update 1099
01-31-2023 01:55 PM
Same problem
01-31-2023 01:55 PM
It went amazingly well for me. I used chat to ask that I receive a phone call, which came in less than two minutes. The CSR was extremely helpful (language was a bit of a hurdle, but that's customer service these days), and she resolved the problem in mere minutes. If all goes well, I should be able to download a CORRECTED 1099-K in several days.