That's because there's a revised tax regulation listed in the Biden administration's American Rescue Plan of 2021 that aims to help fix a tax gap — by making sellers report any sales over $600 done through third-party resale sites on form 1099-K.
It's a huge shift from a former threshold that only made people report sales of $20,000 and above and for more than 200 transactions, per The Hill.
OpenSea Launches First Royalty Enforcement Tool Amid NFT Marketplace Drama
Non-fungible token ( NFT ) marketplace OpenSea joined the ongoing NFT royalty debate this weekend with a blog post announcing its first royalty enforcement tool.
The goal of the tool is to make creator fees, also known as royalties, enforceable on-chain, and will apply to new collections listed on the platform starting Nov. 8.
Mistletoe Marketplace brings local businesses under one roof
Payment strategies to accelerate marketplace success - ThePaypers
Marketplaces have gained a lot of attention in the last years and have increasingly become a popular way for ecommerce platforms to drive revenue.
The whole payments cycle can be a very complex headache for marketplace operators, but when designed and implemented correctly, it has the potential to be a real competitive differentiation and a fantastic revenue accelerator.
US Seizes 50K Bitcoins Related to Silk Road Marketplace
Damian Williams, the U.S. Attorney for the Southern District of New York, said Monday that authorities seized 50,676 bitcoins related to the darknet marketplace Silk Road in November.
"This case shows that we won't stop following the money, no matter how expertly hidden, even to a circuit board in the bottom of a popcorn tin," Williams said in the statement.
Law in the Marketplace: Should you sell your barbershop?
Kevin told Joe, "That's an easy question.
Kevin told Joe he wanted a 10% commission. But of course he was only kidding (you've got to know my cousin); and in suggesting to Joe that he could sell his business instead of just shutting it down, Kevin did Joe a great service.
Digital asset marketplace needs appropriate oversight | 2022-11-07 | CUNA News
A Concert Like No Other
Hop aboard a shuttle to Kepler-1649c. Be there to welcome new lifeforms into the universe. All passengers must have a verified event ticket. There are 10,000 tickets in circulation so no need to panic. Limited seating available per trip. There will be multiple flights each hour shipping off from the NORAD Space Port in Iceland.
Event tickets are non refundable & non transferable (except on the black market. Call Sal with questions.) An event ticket can be reused for up to 9900 yearly transactions.
No sandals allowed on flight. Adults only. Kittens must show a custodian's ID at the gate. You are not allowed to get married while aboard the shuttle. Please arrive early if you are wearing jeans.
NB: EVENT TICKETS CONTAIN A PRIVATE ANONYMOUS DIGITAL IMPRINT.
Reserve your spot. Click here.
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