Saturday, April 14, 2012

Things You Should Know About the New 1099-K

eBay, Amazon, Etsy --- these are the online stores I frequent to. You would always find great deals and discounts when you do your shopping on these stores. And I guess IRS has smelled the money the sellers are making on these shopping websites that's why they decided to introduce the new 1099-K. Its main purpose is to help close the annual tax gap.  If you would like to learn more about it, feel free to read the infographic below.

And by the way, for those of you out there who haven't filed your taxes yet, well, you have until the 17th to do it! Don't delay!

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