Missouri Becomes Last State To Tax Sales From Out-Of-State Sellers on January 1, 2023
On January 1, Missouri becomes the last state to adopt an economic nexus law, meaning out-of-state sellers will have to collect sales tax on Missouri sales.
On January 1, Missouri becomes the last state to adopt an economic nexus law, meaning out-of-state sellers will have to collect sales tax on Missouri sales.
While the IRS delayed a new rule on when online sellers will receive a 1099-K form, many will still receive them, even if their sales are under $20K.
The IRS said on Friday it will postpone the 1099-K threshold requirement of $600 for one year, providing some relief to marketplace personal and micro sellers.
The federal spending package in front of Congress this week also includes the INFORM Act, changing how marketplaces collect and display seller information.
The Federal Trade Commission (FTC) is exploring a potential rule to combat deceptive or unfair review and endorsement practices.
The IRS has extended tax relief to taxpayers impacted by Hurricanes Fiona and Ian as well as flooding in Alaska to file various federal tax returns.
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Leading online marketplaces eBay, Etsy, OfferUp, Poshmark, Mercari, Reverb, and Tradesy have formed The Coalition for 1099-K Fairness, a coalition committed to promoting an accessible…