eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, issued the following statement today in response to the IRS announcement that they are again delaying the implementation of the new 1099-K reporting threshold.
“Today’s announcement by the IRS is welcome news for millions of Americans who turn to online marketplaces to earn some extra money," said Jamie Iannone, Chief Executive Officer at eBay. "These sellers and small businesses power the economy and help keep preloved goods out of landfills. We are grateful that the IRS has acted for the second year in a row to protect these taxpayers from unnecessary and confusing paperwork – and now we need Congress to continue working towards a permanent solution.”
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2022, eBay enabled nearly $74 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.