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Reprieve for eBay and Etsy users comes after attempts to change law fall short
The Internal Revenue Service on Friday delayed by one year a law requiring e-commerce platforms such as eBay, Etsy and Airbnb to give the tax agency information on users with more than $600 in revenue.
Now, platform sellers and the IRS won’t receive a blizzard of 1099-K tax forms early in 2023 for their 2022 sales. The move comes as a relief to taxpayers and tax preparers who had been bracing for a messy tax-filing season. The change also gives opponents of the $600 threshold more time to push for a change in the law next year.