Online secondhand sellers balk at new tax reporting threshold ...Middle East

The Hill - Technology

Melissa Williams has been buying and reselling her children’s clothing on a variety of online platforms for more than a decade. But a new tax barrier may force her to pause her accounts and abandon what she calls a sustainable economic solution for her family. “If I couldn't do what I do and buy hand-me-downs from other sellers, then we're headed to big box department stores, especially where I live,” said Williams, a stay-at-home mom from Walla Walla, Wash. The obstacle comes from a revised portion of the tax code included in President Biden's American Rescue Plan of 2021, which requires sellers to report transactions over third-party networks that exceed $600 — a considerable

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Online secondhand sellers balk at new tax reporting threshold ...Middle East

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