You did work for your neighbor and made repairs of $1,000. Rob's a self-proclaimed nerd, Maria is a fashion-conscious stay at home mama, Dessa the super-silly big sister and baby Harvey makes us a family of four. Again this makes me very happy. My best advice is to only send thredUP your very best quality unwanted clothes and to wait until you have enough to justify the cost of a $10 Clean Out Kit. Theres no doubt Ebay is still hands down the best for making a profit but you have to do all the hard work which is no good for the time poor. It's the right thing to do from a humane and ecological perspective, but it's not always easy when you live in an urban center with no personal transportation. If your business pays a contractor or freelancer more than $600, you are most likely required to file a Form 1099. Our 1099 filing software makes it simple to create, issue, send and e-file your 1099-NEC, 1099-MISC and more. You never know the bad policies of a site until something goes wrong. I can see that boots from your bag Please note that we are unable to create prepaid labels for Alaska, Hawaii, Puerto Rico. I second your complaint, I would like to talk with a customer service person. Someone is making something somewhere. I would like my money back. If your total payments are less than $600 for the year, no 1099 is required. Theres one more thing you need to be aware of before you attempt to sell your clothes on thredUP. Done. If you're trying to browse thredUP from another country, you unfortunately won't be able to access our site and will have restricted website access. So if you are paying your babysitter, gardener, or painter, you do not have to file a 1099. We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of thredUP. I just hope a charity does get your clothes because its awfully fishy business. I basically mailed them 3 FULL boxes of clothes and shoes that were practically brand new or had tags. For small businesses, the maximum fine is $556,500 per year. as well as other partner offers and accept our. -Once shipped, your order will be delivered in 3-6 business days. The IRS has a variety of 1099 forms to cover all of these and other scenarios. This is the third time I've had this happen too.They just ignore your emails too easily. The stuff they rejected. There are 20 variants of 1099s, but the most popular is the 1099-NEC. In this video, I share with you what brands I'm sending in to ThredUP, my expected payout. They are the self-proclaimed largest fashion resale marketplace with over 35,000 brands. When you pay a corporation, you are not required to send it a 1099. For example, you are a self-employed handyman. Now you might wanna scroll back to see how full that bag of clothes I sent them was before I shock you with the stats. I want my boots back or I want the replacement value reimbursed to me. But they take well over ten days to respond to my queries and complaints such as Why have you cancelled my orders and now they are blaming ME for it tho they know I never cancelled the orders, and I explained that I only disputed about $12 on the order with my old Chase account. I was beyond stunned, and almost wish I checked the box to return it back to me. On top of the fact that thredUPis a business and needs turn a profit somehow, theres another major factor that will impede your ability to make bank on the clothes you send their way: discounts. Answer to what happened to my things. However, you must issue a 1099-NEC or 1099-MISC if you pay your contractor or freelancer with cash or by check. If you use a broker to sell stocks, bonds, or other securities, they will send you Form. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses, If you are self-employed and provide services of at least $600 to a business during the year, you should receive. Monise S. Seeing as that's not what they do, never shopping with them again hurts them more than me. 10. For instance, if your item's selling price is from $5 to $19.99, your payout would be 5% to 15%, if it's within $20 to $49.99, the payout would be 15% to 30%, and the list goes on. thredUP The Sloth. Back in August 2022 someone hacked my THRED UP account and made purchases in the amount of $1,185.00. Reimbursement to contractors is very common. But since there are potential penalties for failing to issue and file a 1099, what should a business owner do? If, like me you tend to give away most of your unwanted clothes then this is a nice little gift for doing so. A handful of companies will actually reward you for getting rid of stuff you no longer use. General. For example, if a business hires a freelancer for a project, it's important they send a 1099 . There are also a few other programs that reward you for cleaning out your closet, and a few that make the process as easy as ordering a bag online, filling it up at home, and scheduling a pickup. thredUP wont list items that show more than the slightest bit of wear, so spare yourself the disappointment and be very honest with yourself about the quality of your clothes while you sort. A. Well, its basically an online consignment shop. No, not unless you pay for the option, which is $10.99 (April 2020 pricing). Basically, you send ThredUP your gently used, brand-name clothes. 2. The other thing sorely lacking is the description of the items for sale. You might receive money as an independent contractor, dividends from stock you own, interest income, retirement income account payouts, or other non-employer payments. I believe this is just a fraudulent scam. However, the IRS does require backup withholding for some types of payments at the current rate of 24%. I really dont want to believe anything underhand is going on but its seriously odd how they determine whats worth selling. Basically a win win in my book. -$14.99 flat rate. ThredUp shoppers expect to bag a bargain but sometimes ThredUp gets it wrong. Here is another idea for you Michelle why dont you organize a clothes swap in your neighbourhood? What happened to the rest of my things? In that case, the penalty is a minimum of $550 per form or 10% of the reported income, with no maximum. Other 1099 copies are . If youre like me and find yourself with more clothes in your closet and dresser than you actually need, you might be looking to cash in some of those higher-value items and thredUPmight be one way to go. Well, I assume. I usually get about $40 a box and I then treat myself to something special like a nbtand name jacket or dress. Why ThredUP 1. When you reimburse them for those expenses, it is not income, and you are not required to file a 1099. You actually have to pay the site to accept your clothes. For items priced at $20.00-$49.99, Thredup takes 70-85%. Out of everything sent, they took 5 items, and they were all shoes. There is no phone number anywhere for Thred up. 3.8 670 Reviews. I have no gift card and no money now. Read all about my experience with this secondhand fashion website here. Its a pittance to be precise. This takes you to a page where you can either sell or donate your clothes. Oh well lesson learned I guess? Consumers satisfied with thredUP most frequently mention great condition, good quality and polka dot.thredUP ranks 3rd among Used Clothing sites. But, the IRS counts that amount as income to you, and the lender will send you a, When corporations undergo substantial change or ownership control, sometimes, they send the stockholders cash, stock, or other property as part of the restructuring. In my experience, it can sometimes take even longer. ThredUP's service is convenient in the way that it offers perks and options and does the heavy lifting for you. Benefits information above is provided anonymously by current and former thredUP employees, and may include a summary provided by the employer. Desired outcome: I'm sorry if I wasn't clear in my last email. ** Fun Fact - Lawyers get a 1099 regardless of whether they are incorporated or not. thredUP handbags, which are known for their high quality, are considered as non-returnable. I sent a $125 emails blouse and got $4 and Lululemon leggings I paid $128 plus tax for I got $6 - Ive entailed 2x there is no phone number - this company is a fraud - I need to get my designer items back ASAP There is no disclosure no follow up and I havent even gotten the $12 mailed to me for the two items sold so far- I need file a claim w BBB, Desired outcome: If you paid a freelancer or independent contractor less than a total of $600 for the year, you are not required to send them a 1099. Shop the ThredUp Black Friday and Cyber Monday sales. Orders shipped within the 48 contiguous United States: Now check your email to confirm your subscription. The only outcome I would want is full refund in it's entirety. Your return is complete and your refund of $67.53 has been processed. What kind of a shady company is this? When this happens, they report the income on Form 1099-CAP. My Clean Out experience wasnt quite what I expected, so I sat on these photos for a very long time while I considered how best to share this information with you. Fill your bag with your carefully selected items. Below are links to frequently asked questions about the Form 1099-K including general information, reporting requirements and filing the form. Refund Requirements: HAVE MORE, WASTE LESS There are enough amazing clothes on the planet, let's wear them. NEVER AGAIN :(. If youre aware that thredUP wont generate enough cash to pay for your mortagage (or possibly not even cover dinner for two at decentrestaurant), but you want to sell your clothes and give it a try, I have a few tips to help you get the most bang for your $10 Clean Out Kit. I will say that thredUP is pretty transparent about the status of the clothes they keep and list online. Filing Form 1099-K. determining whether someone is an employee or an independent contractor. Funny how I can receive an email asking for my feedback on how a customer service rep assisted me when I never received any contact from anyone to address my issues. This will surely increase the credibility of your complaint. So at the end of the year, you'll send them a 1099-NEC tax form. Download and Submit 1099 Forms "Employer: Copy 1 & Copy C" and "Contractor: Copy B & Copy." If you locate the View forms button, you'll only get Copy A that we sent to the IRS. Last summer, I did a major closet clean out after learning about the KonMari method. If you, as an individual, are paying for non-business services or goods, you do not have to issue a 1099. refund return amount to my the credit I used for my purchase. But it's easier to remember what it's for if you use the other name it's often known by"non-employee compensation.". The men's rescue box is $50 for a 10 lb box. xxx, I am with you Lisa. to report gains or losses from your transactions in the preceding year. Click here to get notifications about new complaints of thredUP. Out of the fifteen, two didnt sell so they also went to charity. It may be something silly like the clothing is too old. Items were unclean or stained When I contacted support, after MUCH searching and run around to do so, I was told "I see that your return was refunded as thredUP credits because whoever created the return, selected thredUP credits as the preferred refund method."