eBay Tip # 16 – Need to File IRS 1099-MISC Forms?

How to Send a 1099-MISC


If you are an online seller, you may have a need to send a 1099-MISC form at some point.

  • Please be aware, I am not a tax expert and I am not giving tax advice.
  • I am writing about an online product that has helped me get through this process.

Yearli by Greatland Review


Yearli by Greatland for filing 1099-MISC

If you are a do-it-yourselfer, Yearli by Greatland might be right up your alley. It is extremely user-friendly!

I’ve used it for the past few years during the month of January when the forms need to go out!

My needs may be different from yours, so please consult your tax professional.

  • I am a consignment seller and send a 1099-MISC to my clients that have received payments of $600 or more for sales I have made for them.
  • I also have sent 1099-MISC to my contract workers when they have helped with my eBay listings.

Who Gets a 1099-Misc?


  • You must give a 1099-MISC form to any individual or business your business paid $600 or more in a tax year.
  • That form is given to non-employees such as independent contractors and other entities paid by your company.
  • NOTE: You only need to report payments you made in the course of your business. Personal payments are not reportable.

 

File Form 1099-MISC for each person to whom you have paid during the year:

  • At least $10 in royalties or broker payments in lieu of dividends or tax-exempt interest.
  • At least $600 in:
    • Rents.
    • Services performed by someone who is not your employee.
    • Prizes and awards.
    • Other income payments.
    • Medical and health care payments.
    • Crop insurance proceeds.
    • Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish.
    • Generally, the cash paid from a notional principal contract to an individual, partnership, or estate.
    • Payments to an attorney.
    • Any fishing boat proceeds.

In addition, use Form 1099-MISC to report that you made direct sales of at least $5,000 of consumer products to a buyer for resale anywhere other than a permanent retail establishment.

Before You Send out a 1099-MISC Form


Before you give anyone a 1099-MISC form, you must first get a W-9 form from that person, verifying their taxpayer ID number or social security number. You cannot accept the person’s information informally.

If your business is audited, you will need to be able to show a W-9 form for everyone who did work for you.

NOTE: Check with your tax professional if you have concerns with sending someone a Form 1099-MISC.

Simple Steps with Yearli by Greatland


Yearli by Greatland is a complete federal, state, and recipient W-2, 1099 and 1095 filing programs. Simply enter or import your data and Yearli will file to the federal government, applicable state agency and send (via email and mail) copies to your recipients.

FREE Option is for ME!


Yearli has three options designed to fit your budget and business needs. Use their compare rates and pricing chart to see what works best for your business.

I use the Free option for the 1099-MISC forms I send and file. I have not needed to send more than seven in one tax year.

  • Core – Free
  • Performance – $99
  • Desktop – $439

Simple, Easy and DONE!


Today is January 16, 2020, and I logged into my Yearli by Greatland account. Here’s what I saw:

Yearli by Greatland is for filing your 1099-MISC

I clicked on Start New Forms and chose Data Entry.

Yearli by Greatland is for filing your 1099-MISC forms

Next, I chose 1099-MISC.

Yearli by Greatland is for filing your 1009-MISC

Fill in info. You are Payer and your client is Recipient. I used Line 7 for Non Employee Compensation and click Save.

Next you File, make a small payment. In my case I sent two forms this morning for a total of $9.98. Now, that’s a great deal.

Form Filing History


You can see your account history and print copies for business records at any time! Log out and you are DONE!

Yearli by Greatland is for filing your 1099-MISC

My Z Rating


On my scale of the “Z” Rating with 5 being the highest and 1 the lowest, I give Yearli by Greatland a solid 5 ZZZZZ’s for all that it offers consignment sellers/businesses.

As a solo-prenuer online seller and a serial do-it-yourselfer I would be lost without it. The cost is small. It takes no time at all. It was literally five minutes for me to create and file two 1099-MISC forms this morning.

Try it FREE today using my referral link. Share your experiences below.

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eBay Tip # 8 Get the eBay App

The eBay App


We have all become so mobile in today’s online world. The same is true with buying and selling on eBay. All it takes is a few clicks!

I love to list items on my phone because it’s so easy and quick to create, edit and monitor my listings. I can use my phone camera to snaps pics of the items I want to list and they are instantly added to my descriptions. I can buy anything listed on eBay with the same ease.

Here’s a quick run down of the eBay mobile app!

Download the App


It’s available for both iPhone iOS and Android and it’s FREE!

 

Login & View all your options on eBay


Find the item


What do you want to buy or sell? Find it by typing into Search bar or scan the UPC code.

 

My example below shows my results when I searched for “Rocketman DVD Elton John”.

Click and Buy or Sell Yours


Click “Sell yours” and fill in some details like price, condition and how you will ship and you are done! It’s listed!

Other Pluses


  • Communication is a breeze between buyers and sellers if you have questions about listings.
  • You can accept “Best Offers” if that option is included in your listing.
  • You can pay with PayPal when you purchase an item.
  • You can check your Feedback score under your profile. See mine (as of today, below).

Another Cool Feature


On the home page you can see what is Trending on eBay.

Cha-Ching


The single best feature about the eBay app is the “Cha-Ching” alert! It rings out when you make a sale, if your sound notifications are turned ON. It’s fun to get that notification in real time and know you are making money right then!

Works on iPad too!


The next best thing about the mobile app is the crossover listing feature. The eBay app works on the iPad and other tablets and allows you to list from anywhere you have internet access! If you begin a listing on your desktop computer and SAVE DRAFT, then you can finish the listing on your phone or tablet and visa versa!

Here is a draft started on my desktop computer.

Here is the same draft that I will finish listing on my iPhone.

And finally, I will add a few photos with the iPhone and finish my new listing.

 

The desktop and mobile modes of eBay sync with one another quite well. I often begin a listing on the desktop, where I can type more quickly and then finish on my iPhone, which allows me to add the photos. So easy! So awesome. I highly recommend getting the eBay app today!

Limitations with the App


There are a few limitations for us PowerSellers. I have been told by people at eBay that the app was basically designed for the casual seller, though any type of seller can use it to list on eBay. Hopefully down the road, eBay will see advantages in having a PowerSeller style app with a few of the missing features I highlight below.

  • Unable to search more than 600 of our own listings (currently I have 650 listings)
  • Unable to send a refund to a buyer with the app (must use a desktop to do that)
  • Unable to check a Sales Tax box in a new listing from the app (must use a desktop to do that)

Recap


Tip #8

If you want a simple and fun way to list on eBay, then I recommend getting the eBay app for your phone or tablet.

  • Task: Download the mobile eBay app on your phone or tablet.
  • Goal: Create an eBay listing with it.
  • Goal: Buy something from eBay using the app.
  • Goal: Listen for the “Cha-Ching” alert! Congrats, you’ve made a sale!
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Buy, Sell, Get Some Coin and Rewards from 5 Miles

Review – 5miles


“A new, fast way to buy and sell with others. Bid on or list items on 5miles today” is the tag line from their app.

They wanted to create a better local experience for the buyer and seller. Their goal was to make it easy to navigate, in a safe environment with no fees.

5miles has been around since 2014. I have sold about a dozen or more items since I joined in 2017. It has a limited audience in my view, but is growing. They have added incentives for logging-in every day by offer users “coins” which can be redeemed for Amazon gift cards.

The principle of 5miles is to buy and sell using your mobile device. Snap a pic, write a quick description, fill in a price and bingo, your item is listed. The app is very easy to use. Once you fill out your profile, all users have an app wide ID with name and photo. It’s possible to list services, housing and jobs!

Buying


It’s easy to browse listed items in the search bar. Your searches can be fine tuned using “filter” and “categories”. Once you see something you want, click and either meet locally with seller or place an order. There is a 5miles Wallet which is how one pays for shipped items. There are protections on the site if you need to “return” or need a “refund” from a purchase.

Selling


Snap some pics of your item, add a quick description, enter price and choose payment method and delivery method, then click “publish” and it’s listed. By choosing 5miles Wallet as payment and allowing shipping as a delivery method it will increase your chances for selling quicker.

There is a “chat” feature to communicate directly with the seller, which confirms delivery method with shipping or if you want to meet locally. I have added the exact location for meet up, which for me is the local Safeway grocery store parking lot a block or two down the road.

The order is “complete” once the buyer receives the item, and you will receive payment at that time.

I have only used the local meet up option up til now, but would like to ship some of my smaller listed items to increase my buyer pool. I will report back once I have a couple of experiences.

Invite Friends and Earn Coins


There is a built in community with members who enjoy buying and selling with 5miles. You can earn coins (reward points) for each friend you refer and for each friend your friend refers. Your friend will get coins too! Every user gets an “invite” code that can be filled in at registration, in order to receive the coin rewards. You can also earn coins by doing “tasks” like inviting more friends and being a top user. My favorite way to earn coins is the “daily check-in”. I’ve also tried some of the “daily tasks” to earn more. Today I downloaded an app called “Flipp” which saves you money when shopping. In fact I’ve just passed 3000 coins! Once I reach 4,999 I can turn that into a Amazon gift card, among other credits for 5miles Dash (auction opportunities on 5miles).

Getting Better, But Not Quite There Yet


While my 5miles selling experiencs have been agreeable and profitable, it has not created a ton of sales for me. I do enjoy earning “coins” by clicking the app link on my phone everyday. I will eventually earn enough for Amazon cards. I have not investigated or tried the 5miles Dash part of the app yet. I also have not been a buyer, but some items have caught my eye, like sporting goods equipment and a few nice guitars for sale by others.

My “Z” Rating


On my scale of the “Z” Rating with 5 being the highest and 1 the lowest, I give 5miles a solid 3 ZZZ’s with room to improve. What is missing for me is the amount of active users. I encourage more of my “friends” and “readers” to join me on 5miles and get some coin! Let me know how you like the app and marketplace. Have you purchased or sold items? Share your experiences below.

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Cross Post-it Review

Can You Sell Something for Me?


When I mention to people that I sell on eBay, one of the first questions I get asked it what do I sell?

I answer: “Anything I can put into a box and ship”.

Next they ask me if I would be interested in selling things for them.

I answer: “Sure, what do you have?”

The problem with that question, is that I’ve gotten myself into many pickles because I sometimes get too many consignment clients at one time and it becomes overwhelming.

I Am A One Woman Show


I am a one person show right, and I have to keep track of all the sales I make for my consignment clients. Luckily one of my biggest helpers is the software called “Cross Post-It”. It is a web based software for people like me that sell on eBay and other online platforms. It helps me to list, ship, track packages and handle bookkeeping for my clients from my computer as long as I have internet service.

I can set the commission I make from each sale from each of my clients. (I usually take a 50% cut from my sales.) It gets real time feeds directly from eBay, so that when a sale happens, it records it by item number, client name or any number of sorting techniques. Every product I enter has its own unique ITEM # and so it’s fool proof as far as what is what.

And if I have trouble locating where I’ve put that item as I wait for it to sell, it has a blank line where I can fill in exactly where it’s located in my eBay office. That feature has been a life-saver to me many, many times.

Cross Post-It Keeps Track For Me


There are so many reasons why I love Cross Post-it. The best feature has to be the ease it provides when paying my clients. It allows me to use PayPal or print a check with my printer. It will add up all the sales, less commission or any other fees and print a line item inventory sales record for my client and copy for myself too. It keeps track on check numbers and make reconciliation super easy, especially for people like me without a bookkeeping background. All the info I need is one spot online.

Best Tool Out There for Consignors


I have reached almost 6000 items entered into my data base for my over 120 clients. I can keep notes about each client, like who referred them to me, contact info and miscellaneous info like pick-up and meeting times with my clients and new items they want me to sell for them. Cross Post-it has helped my consignment business immensely.

One day last fall, I received a call from their marketing staff and was asked to share some thoughts about Cross Post-it. I am honored to share it below. If you have an interest in selling on consignment and you want a robust software to help you navigate keeping track of your sales and payments, then Cross Post-it is definitely for you. I am so glad not to have a hassle with spreadsheets and files that are misplaced and hard to keep track of. Please let me know if you are interested and I can introduce you to the product.

Anne Z Shares Her Thoughts About Cross Post-It


My “Z” Rating


On my scale of the “Z” Rating with 5 being the highest and 1 the lowest, I give Cross Post-It a solid 5 ZZZZZ’s for all that it offers consignment sellers/businesses. Share your experiences below.

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