Some argue that this is to ensure that tax dollars aren't being left on the table in the growing world of e-commerce. While others believe it to be an unfair as offline businesses aren't held to the same standard of reporting. Whatever you think it looks like it's here to stay (at least for awhile).
So how will this new form affect your online business? The people over at outright.com have come up with an interesting infographic explaining the new 1099K (and some other tax facts you may not have known about).
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