TaxWatch: Do you make money selling stuff on eBay or PayPal? The IRS is saving you a tax headache — for now

This post was originally published on this site

The Internal Revenue Service is delaying a tax-reporting rule that would have required payment platforms including eBay and PayPal to send out scores of potentially confusing tax forms to their users.

For a second straight year, the federal tax collector is holding off on implementing a rule that would have required certain payment platforms to send tax forms to platform users who got at least $600 for the sale of goods and services.

Until…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now