Discussion Forum

• tax man
• 2022/01/26 (Wed) 16:28
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Understood.

FYI, I have been a tax attorney in Los Angeles for over 20 years.


I have been asked to handle
tax returns for Hawaii residents who have seen this topic, and I handle
two － three such returns each year.

We apologize if we have offended you, but we would again
recommend that you do not ask these questions on the board, but instead ask your usual experts to
handle these matters.

• ブーメラン
• mail
• 2022/01/26 (Wed) 19:08
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• Delete

Quick story.

Topix really has zero deciphering and comprehension skills.
I laughed and said, "He's so stupid!

He is a Citizen, but he has no English skills either, to the point of embarrassment.

His character is also rotten, which is the real reason he came to the board after being rejected by all the tax accountants, ostensibly because he was "busy.

In the pandemic, originally, crazy people are getting crazier and crazier, and Topix is one of them. We thank Tax Man for that.

• tax
• mail
• 2022/01/26 (Wed) 20:49
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Good morning

Tax man, I was wondering if that is true since you mentioned your experience in your story. One thing I was wondering is if it is true that if you have more than $10,000 in a Japanese bank, you have to declare it there as well ？.

• スルーで
• mail
• 2022/01/26 (Wed) 21:19
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tax man,
I don't need to explain any more to Topix.
Topi continues to ask questions without a word of apology for the misunderstanding.
Since you commented that you are consulting a tax accountant, it is better to pay him properly and gather the information yourself. tax man's time is wasted.

• マカプウ
• 2022/02/03 (Thu) 08:55
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I was stunned by the topical remarks.
It is really disrespectful to taxman who spent time and made detailed and clear comments many times （ I am angry ） I feel bad.


tax man's comment was very helpful as I will be returning to Japan soon.
Your advice on the unemployment insurance topic was also really helpful. Thank you for all the help you have given us in our time of need. Thank you from the bottom of my heart.

• tax man
• 2022/02/01 (Tue) 17:58
• Report

Please
refer to the following answers to your questions regarding web shopping sites.

Basically, the standard amount for a 1099 － K to take effect is ＄ 20 ， 000 ． 00 or more.
Please see the attached IRS explanation below.

The IRS requires each payment settlement entity to send you a Form 1099-K by January 31 if it has processed at least $ 20,000 worth of But you still could receive 1099-Ks from some PSEs even when the form isn't

In addition, ＄ 600 is the base amount for a 1099 － NEC to take effect.
See below.
If your business paid a contractor more than $ 600 in a tax year, you're required to file Form 1099-NEC.
However, if the independent However, if the independent contractor is registered as a C corporation or S corporation, a 1099-NEC will not be required.

If you are a web-based seller, you will need to report your sales and costs, as well as the expnses related to the operation of your site

when you file your taxes. Please use Excel or accounting software to manage your revenues and costs
.

For Etsy, you can log in to the site and download
a summary of your sales.

1099 － The K form is an IRS form that you use to report
your sales to the IRS for filing
.
If the actual sales amount and the reported amount match, there is no problem.

An internet site operator who, without knowing it, had not
reported any web sales, received a letter from the IRS requiring him to file a return and last year
asked him to prepare tax returns for the past three years. I had to pay a substantial late （ fine ）
.

• shell
• 2022/02/01 (Tue) 21:53
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Hello.

For online buying and selling on Etsy, eBay, etc., $ 1099-K was issued for 20000+ sales or 200+ sales until last year, but this year it has changed to $ 600+ sales (without sales frequency setting), a much lower amount

I wasn't sure if I should post a direct link, so the following is an excerpt from eBay.

[Changes to the IRS minimum reporting threshold in 2022]
The IRS is lowering the Form 1099-K reporting threshold. January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $ If you receive more than $ 600 in gross payouts over the course of the 2022 calendar year, If you receive more than 600 in gross payouts over the course of the 2022 calendar year, we'll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren't affected by this change.

• tax man
• 2022/02/01 (Tue) 22:30
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＞ For online sales on Etsy, eBay, etc., up until last year $ a 1099-K was issued for over 20000 sales or 200 sales
＞ but starting this year $ over 600 sales (no sales frequency setting) ＞ and the amount has been changed to a much lower amount.

Again, back to the basic question on this topic.
＞ If a 1099 is not issued, when I ask Accounting Service for a Tax return, do I just tell them the sales
＞ amount and expenses, etc.?

The fact that the 1099 － K form is effective has nothing to do with your basic question about the tax return
issue.

1099 － There is no requirement to file a tax return because the K is effective or
not effective.

Etsy sales of ＄ 6000 have nothing to do with whether the form was
effective or not.

Whether you have ＄ or not, your income return is still
6000, so anyway, the basic principle is that there should be no
difference between the amount of the tax return and the fact that the form was effective. Please understand.

The return is filed on a 1040 Schedule C. The software asks
did you receive a 1099 － K ？ and if you answer
that you did not receive a 1099 then it will say you received a cash or check payment . Did you receive payment by cash or check ？
?

Basically, the basic
question is how you received the income, and whether you received it on a 1099 － K or in cash makes no difference to your return or
the amount paid. I hope all
filers understand that it is not whether the form is in effect or not
but how much income you received as income that is the basis of your return.

• Coral
• 2022/02/01 (Tue) 23:29
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Dear tax man
Thank you for your detailed and clear explanation.
I am relieved to hear that there is no problem as long as the actual sales amount and the declared amount match.
I understand that there was a case where I had to pay a considerable penalty for forgetting to file a tax return. In my case, the amount of sales is small, but I would like to continue to sell my products this year, so I will file my tax return so that there will be no mistake.
Thank you very much.

Mr. shell
Hello.
Thank you for the information ！
I understand that a 1099 － K will be issued for sales this year over ＄ 600 when filing next year.
＄ 20000 to ＄ 600 is quite a change.

• Coral
• 2022/02/01 (Tue) 23:55
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Dear tax man
Thank you for your additional comments.
1099 － I understand that you are reporting the exact amount of sales whether or not a K is issued.

• 昭和のおとっつぁん
• 2021/12/03 (Fri) 07:02
• Report

＃ 145

Register your name and market your product.
It would be good if the product is used every day.

Fall down, but don't just get up, so go for it!

• Gardena_23
• 2021/12/10 (Fri) 12:32
• Report

Must See Videos ？

https://www.youtube.com/watch?v=ThA3QGrQhlY

• Julien
• mail
• 2021/12/10 (Fri) 18:55
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This one too.

https://youtu.be/bDWIhybelpg

• Sachi
• mail
• 2022/02/01 (Tue) 19:40
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https://mikie.club/2022/02/02/eb5-2/

• 小室系です
• 2022/02/01 (Tue) 21:48
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• Delete

Isn't Komuro-kun in the advancing giant ？
In fact, he's a rare shot in New York.

• nanohana300
• 2022/02/01 (Tue) 11:49
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Since I have a backwardness about the act of discarding,

I would appreciate

advice on how to feel and how to dispose of stuffed animals.

I apologize for my lack of words.

• 💡
• 2022/02/01 (Tue) 11:59
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Wash them and offer them for free at private sales ？

I would give them to my family and relatives if they wanted them.

I've had older women and others, surprisingly, want them.

• 担々麺
• 2022/02/01 (Tue) 14:39
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#5
I didn't say get it for you.
I know you want to troll me by responding with nothing useful.

Put Laundry sanitizer in it, wash it, then
give it to someone if they want it ？.

• nanohana300
• 2022/02/01 (Tue) 20:20
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#4, ＃ 9,

Thank you for your advice ！.

• 倍金萬
• 2022/01/05 (Wed) 08:58
• Report

waka,

To tell you the truth, I am also an electrician by nature and use a transformer instead of a transformer, but there are some people on this forum who are very aggressive in their opinions, and I was "uncharacteristically" concerned about that. For the time being, I recommended the use of a transformer. Modern home appliance manufacturers design and manufacture their products to meet safety standards that allow them to withstand use in hostile environments by their consumers. I would venture to guess that they test their products to ensure that they will not catch fire even if the power supply voltage fluctuates by up to 30% over a specific period of time.

Furthermore, even in cooking with heat, such as in electric kettles, the structure is now such that heat is obtained by passing a special radio wave through a special metal, and the radio wave is controlled by an electronic circuit that can automatically control the circuit even if the power line voltage changes significantly. Therefore, there will be no problem even if you use a product with a standard AC 100V input at 120V. However, there is always a "just in case" possibility, so please keep that in mind.

• waka
• 2022/01/05 (Wed) 11:34
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Baikinman, thank you very much for your kind attention ！
Since I am bringing this from Japan, I think I will take the risk and use it as is ！ So far I have not seen any postings of people breaking without a transformer, and your advice and Baikinman's theory have convinced me. I am convinced by your advice and Baikinman's theory. Thank you ！

but if you guys have any other information, please let me know again anytime ！

• 倍金萬
• 2022/01/07 (Fri) 08:43
• Report

Sorry to get technical again, but in the past, electric cookers such as electric kettles used electric line voltage （ 115/120 volts ） in the US directly into a heat exchange material such as nichrome wire to obtain heat output. Today, however, the heat exchange material has been replaced by the "IH （ IH ）" method.

https://www.itmedia.co.jp/fav/articles/2012/27/news021.html

This is the technical term for electric line power as mentioned above IH ＝ Induction Heating （ Induction Heating ） converts the power into heat, specifically （ the power of a high frequency ） magnet applied to an iron pot to convert it into heat power. At any rate, the power of heat is obtained in a much safer way, not by mucking around with nichrome wire as in the old days.

So, to return to the main topic, the heat return device can handle large changes in line voltage, and at the same time, the manufacturers of these electric kettles and cookers have designed and endurance tested their products so that they will not be affected by a voltage of 125V or so applied to a Japanese voltage of 100V for a long period of time. I believe that these electric kettles and cookers are designed and tested repeatedly to ensure that they will not be affected even when subjected to voltages of around 125V for long periods of time.

• SJDummy
• mail
• 2022/01/28 (Fri) 19:43
• Report

As Mr. Doubokujinman said, as a safety test for products rated 100V, we have confirmed that there is no problem from a safety standpoint even if a voltage change of ＋ -2 ～ 30% is applied to the product. However, the rated voltage in the U.S. is 120V, and it is necessary to consider that the voltage may vary by at least 20% above or below the rated voltage. Therefore, even if there is no problem for a short period of time, using a transformer with 120% of the rated voltage for a long period of time may increase the possibility of malfunctions. Therefore, I recommend the use of a transformer if possible. Hair dryers, futon dryers, etc., which generate a lot of heat, are especially dangerous because the heat generated is about 1 ． 5 times higher and the temperature becomes too high. I use a transformer with a capacity of 1500W for futon dryers and microwave ovens. However, most electronic equipment such as TVs and PCs are rated at 100 ～ 230V, so a transformer is not necessary. Since it is difficult to obtain a transformer with a large capacity in the U.S., I order one from Amazon.com in Japan. I am not familiar with the design of IH cookers （ and the latest electric kettles ）, so I cannot comment on what happens when a 100V product is used at 120V. However, IH heaters on the tabletop (1000W, 100V) seem to be working fine so far without a transformer. （ The time is so short ？ it's a risk when it will fail. ）

• 名無し
• 2022/01/29 (Sat) 12:40
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I use a transformer for my hair dryer
but not my 1000W induction heater （ lol ）