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Small Business 1099-K Tax Resource Center
Tax year 2011 brings additional challenges with the new 1099-K tax requirements for online sellers, including eBay, Etsy and Amazon. Here you will find helpful information and valuable tips to make preparing for taxes a little easier.
New 1099-K Requirements for Tax Year 2011
Online sellers, including eBay, Etsy and Amazon who have $20,000 or more in gross sales and 200 transactions or more will now receive 1099-K forms from their third-party payment networks (e.g. PayPal) showing gross sales reported to the IRS. It may sound scary, but don’t worry. There’s help.
"What the heck do I do with the 1099-K form I received?"
2012 Tax Dates
and Deadlines
| January 31 |
|---|
| Deadline for ecommerce providers (e.g. PayPal, Amazon Services) to send 1099-K forms to online sellers |
| April 17 |
|
Online Sellers Guide to Filing Taxes
Download this useful-guide, written in easy-to-understand terms to help demystify taxes and make the process manageable so you can get back to running your business.
Download the Tax Guide
Compare Your Deductions to the Industry Average
The IRS compares your return against industry “standards” and if a line on your return seems suspiciously different from industry norms, your return gets kicked up the chain until an auditor decides if its time to investigate your business further.
