FYI: The new $600 IRS reporting threshold for online payment processing platforms (including Etsy) has been delayed by one year.
Are you considering using your artistic talents to make and sell handmade items?
No, the actual IRS tax law has not changed, only the IRS reporting requirements for online payment platforms.
With millions of crafters running small businesses on handmade online marketplace Etsy, many in the U.S. could be affected by an IRS change in reporting income.
Recently, I set up shop on Etsy and learned a lot in the process so I want to share that knowledge with you.