General. In that case, you must determine if they are employees or independent contractors. Items matched an overstocked category. You can also earn shopping credit at a favorite store for cleaning out your closet. When a company hires an employee, it files a W-2 with the IRS and shows. The grand total I made off ThredUp was $35.46. I want the remainder of my items back that they have- they even charged me 9.95 to send stuff back but will not answer emails or return items - no disclosures no phone number, ThredUp terminated my account out of the blue for an order that I disputed in a prior bank account. Ive found some extraordinary bargains like these Escada baby cord velvet flares below. S-corporations and C-corporations do not need 1099s. Your orders were canceled because you filed a dispute on order 6K1UFSTEV3EZ, which goes against our Terms of Use. Id stick with Ebay for anything I sell in the future; Ive never gone wrong with them. All returns must be postmarked within 14 days from the date of delivery of an item. Otherwise, the great quality clothing that they say they won't take will be given to other sellers to sell, or used in their ThredUp Rescue Boxes. Filed Under: Money Tagged With: clothes, money. In that case, you must determine if they are employees or independent contractors. I have contacted customer service and no one has been able to help me, or locate the bag, and my request for the issue to be escalated to a supervisor hasn't received a response. i would like to talk to the customer service representative, Read full review of thredUP and 1 comment, I would like to be able to use the store credit or have the money returned to my account. Access your favorite topics in a personalized feed while you're on the go. 11 brokers have issued 12-month price objectives for ThredUp's stock. 2.) Is this your company? I returned them the next day and was charged $2 each as a "restocking fee". But, the IRS counts that amount as income to you, and the lender will send you a Form 1099-C with the amount of debt cancelation. Fortunately, the IRS always provides the dates in General Instructions for Certain Information Returns. I sell on ebay though. Original shipping charge is not refunded when returning items Source: thredUp. Its beyond me how they have such a huge amount of stock! 30%. The contractor must be a partnership or individual. At the end of each year, it is the employer's responsibility to provide a completed 1099 form to the person they pay. In exchange, I received $37.40 in thredUP credit. It was never delivered nor did a FedEx truck come to the house.. We have cameras. When eligible items sell, cash out or get shopping credit. Dont worry, a detailed list of requirements comes with the bag. Sometimes larger quantities are offered such as 50 lb or 100 lb boxes. Claim it and get a lot of features. SHOP SELL FAVES Coinbase Tax Resource Center. If you want a guarantee that it will be within one week, you can opt for it by agreeing to $16 being deducted from your earnings. Even though lenders are only ever required to send 1099-Cs if a canceled debt is worth $600 or more, it is still your responsibility to report smaller canceled debt amounts as gross income on your federal income tax returns. I got my mother of the bride dress on thredUP and formal wear has unbelievable low prices. [protected]@yandex.com. Nope. If you choose to do the Standard Clean-Out, it's good to know the company says that it only accepts 40% of the items in the average kit. Though for luxury items which fetch as much as 80% commission of the sale, thredUP may still be a contender. This experience makes me distrust Thred up with what they do with your clothes. In general, ThredUp collects a higher commission on lower-priced items than it does on more premium items. S-corporations and C-corporations do not need 1099s. 3. For the last year, I've spent more time trimming the fat going through my small New York City closet, packing bags, and schlepping clothes in Ubers and city buses all across the city to sell or donate than probably any other activity. What happens if you don't send someone a 1099? When you are self-employed, it is your responsibility to track all of your income and expenses. to report gains or losses from your transactions in the preceding year. ThredUP has no customer service phone number and if you click on Chat and Email on their site, Chat never opens. But the IRS lists several exceptions to this general rule, including how much you paid and whether you are in a trade or business. refund return amount to my the credit I used for my purchase. And its funny they don't accept some items that are new while they send me stuff that has been torn or cut with sizors. I would like my money sent via the paypal I have set up through their website, Refund not issued to my credit card as stated in your policy, refund return amount to my the credit I used for my purchase. Before you even think of shipping your clothes to thredUP, you need to come to terms with the fact that thredUP is a for-profit business. A 1099 for independent contractors has no employee benefits or employer contributions. -Ships in 2+ boxes. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. 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. Well, here are the steps I go through with a . We highlight products and services you might find interesting. Desired outcome: If you choose partner credit as your payout option, you could earn an extra bonus for a limited time like a 20% bonus to Amour Vertor a 15% bonus to Reformation. An SSA-1099 is a tax form we mail each year in January to people who receive Social Security benefits. But for a 1099-MISC form (with no data in Boxes 8 or 10), the recipient deadline was 1/31/2022, the paper filing deadline was 2/28/2022, and the e-filing deadline was 3/31/2022. DO NOT SELL TO THREDUP. Please try again. It helps me purge my clothing. Desired outcome: I want to complain about this company and their poor judgment of selling stuff in bad condition and the smelled nasty. Well, its basically an online consignment shop. What I dont like about ThredUp is the incredibly poor customer service. Its an excruciating length of time to wait if you need the money plus youre paid as and when something sells, not in a lump sum. Which makes sense, because very few people will be shopping for a new winter coat in July. I created the Blog to inspire women to invest time in their personal style. A complete refund and no more run around! When I asked them to provide me the email they sent - they went quiet. I would like my money back. If you, as an individual, are paying for non-business services or goods, you do not have to issue a 1099. This review was chosen algorithmically as the most valued customer feedback. Verify or enter missing email addresses for your contractors so that we can send access to view their 1099 forms online. The Donation Clean-Out Kit is what it sounds like. It was a lot.). Learn more. Banks and other financial institutions report dividends and other distributions to their clients on Form 1099-DIV. Lesson learned! This is what they sent; When you pay a corporation, you are not required to send it a 1099. Finally almost six months after sending my clean out kit to ThredUp, I received my last credit of $6.23. View Transaction History There is no one to hold these thieves accountable or get reimbursed for the items they claim would not sell. I would list them on ebay or Poshmark before I'd send them to thredUP. As an employee, your employer will file a W-2 which reports your income and withholdings for Social Security FICA, Medicare, and more. Desired outcome: We have a lot to share. Send any items that fit the current season and set non-season items aside to ship at a later time. 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. Items were unclean or stained Push Continue. Return authorization #5043206 May 30, 2022. Suppose you are in business for yourself and provide services to other companies or people. Every year, we send a 1099-G to . A large plastic bag with the return address already on it will arrive in your post within a couple of weeks. Id say its more of a charity than it claims. You pay Uber and pay the independent driver. A clothes swap is a terrific idea too! This also includes items that are slightly faded, stretched, or show other signs of wear. Chanel Silva 1. I saw 2 items posted. Since items can be significantly higher on thredup due to the very low payouts for sellers it actually has everything to do with your question. ThredUP's service is convenient in the way that it offers perks and options and does the heavy lifting for you. Now can't get a response at all. This does not drive our decision as to whether or not a product is featured or recommended. I purchased this box on July 5th. Well, I assume. Glassdoor is your resource for information about thredUP benefits and perks. For small businesses, the maximum fine is $556,500 per year. I just decided to sell to threadup for the first time. And thats alright by me. When I started writing this post on July 20th, the only option for men's clothing was 25 lb at $110. She would have bought these from me, but she already has them. Now as to WHO the beneficiary is of my charity, I cant tell so for that reason I wontsell on ThredUp again. A two-way e-commerce for smart and sustainable shopping. 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: Every time I visit the thredUP website, I see discount codes that invite me to save 40%. I feel they grew too large to handle the amount of clothes coming in and their customer service definitely got worse. With the credit or let my daughters shop with the credit. Does ThredUP still offer them? The 1099 is issued to the payee and also sent to the IRS. 2. Return # 5043206 As one of the most popular online consignment shops . 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. CAN FASHION DO MORE THAN JUST BE SUSTAINABLE? Any unaccepted items (the things thredUP wouldn't be able to sell on-site) are shipped back to you (for $10.99) or responsibly recycled, according to the company. I have been stashing away some of my better brand, lightly worn clothing for resale and was considering ThreadUp. So frustrating! Thanks to Brian from BTW Photography for the great photos in todays post. I will say that thredUP is pretty transparent about the status of the clothes they keep and list online. Buyers took a quiz to determine their style and received a box of ten handpicked items designed to suit their looks. The Sloth. The only outcome I would want is full refund in it's entirety. Thats the risk you take by giving them carte blanche on your listing. First they gave me money they owed me, $10, by a code, accepted the two orders using that code, then promptly cancelled both orders within seconds. thredUP handbags, which are known for their high quality, are considered as non-returnable. They DO everything for you. You might receive money as an independent contractor, dividends from stock you own, interest income, retirement income account payouts, or other non-employer payments. The other thing sorely lacking is the description of the items for sale. ThredUP is the most convenient mass upcycling program I've found for city dwellers without a car. Twice in fact, but never had a reply. Quality 575. To use the service, I ordered a Clean-Out kit from the site, picked it up from my mailbox, filled it with clothes, and scheduled a USPS pickup at USPS.com online. Its just how business works. Shop the ThredUp Black Friday and Cyber Monday sales. Learn how your comment data is processed. The Salvation Army will also come pick up donation boxes if you sign up for a slot online, but be prepared to wait weeks because this option is popular. PSA DO NOT, I repeat, DO NOT send clothes to ThredUp using their "clean out kit." I sent 20, TWENTY, pieces of quality clothing to them and it took a month and a half for them to process my bag and then give me a whopping THIRTY-FIVE CENTS, yea, $0.35, for these items. This takes you to a page where you can either sell or donate your clothes. So if you are paying your babysitter, gardener, or painter, you do not have to file a 1099. Thred up return Policy: [protected]; [protected]@aol.com Disclosure: This post is brought to you by the Insider Reviews team. 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. Since I opted to forwardthe rejected items to charity, that is where this dress and many others, ended up. And no you cant add your own description like Ebay or Vestiaire Collective. As I mentioned earlier, I emailed them questions. I never got a refund so I checked the site. Thank you for your excellent field work, detective! [protected] Or just give the clothes to colleagues, friends, neighbours. When I made a complain on their portal someone apologize and stated that I will get my money back, that was back in Share your photos and videos with others to prove the truth of your words. I finally decided it was best to just lay all the information out there and let you decide for yourself whether or not thredUP is the best route for your gently used clothes. There are different types of 1099s, and they do not all have the same filing date. Up to 60% Off Sale Items plus Free Shipping at thredUP. Examples of payments requiring backup withholding are: Payments excluded from backup withholding are:: Here are the answers to some common questions about when 1099s are required to be issued. There was an error submitting your subscription. Unemployment compensation is taxable income and must be reported each year even if you have repaid some or all of the benefits received. 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. So after all of that information, the question remains whether or not thredUPis the best way to get the most value out of your old clothes, shoes and accessories. I have also attached photo of the tracking # of package being returned to Thredup. Tue, May 31, 1:18 PM Then I got this email from them to 'clarify' the situation: You do not file 1099s for Uber drivers. Shipping 610. Im also going to address the elephant in the room and point out that I am most definitely not pregnant in these photos. Items purchased with thredUP store credits will always be refunded back as store credits Sometimes business owners can be frustrated because they do not have enough information to issue a 1099. If a business fails to timely issue a 1099, the IRS can impose penalties. I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? Subscribe to our newsletter. If your neighbor is not a business or trade and your services were for their personal purposes only, your neighbor does not need to provide you with a Form 1099-NEC. My name is Kathryn Goodfellow-78 Prospect Ave., Norwood, Mass. Now lets break for a short video so you get an idea of the type of pieces Im referring to. When this happens, they report the income on Form 1099-CAP. He must send a 1099-MISC form to the developer. Value 630. You can send items to sell, opt to have them recycledor rerouted back to you if they're not accepted, or have the company donate $5 per bag to a charity if you use just their Donation Kit. this is very frustrating. According to their website, thredUP is the easy way to shop and sell secondhand clothes. I honestly cant speak to the shopping experience (I currently have $54.65 in unused thredUP credit that I really need to transferinto my PayPal account),but Ive learned a lot from selling my clothes on the siteand it doesnt always rake in the cash like you might expect. reports the distribution of $10 or more of retirement benefits from pensions, annuities, or other retirement plans. Love this post MT, verrrry interesting. Can an employer get in trouble for not sending a 1099? We inspect, photograph, list, and ship items for you. I want my boots back or I want the replacement value reimbursed to me. Employers can be subject to an IRS fine of $50 or higher for failure to give you a 1099. I think youre right to view it as a charity, although like you, I smell a bit of a rat. Returns 427. WAIT FOR AN INCREDIBLY LONG TIME.It took ThredUp two months to process my bag. Back in August 2022 someone hacked my THRED UP account and made purchases in the amount of $1,185.00. I ordered shoes a few weeks ago. On average, they expect the company's share price to reach $4.91 in the next year. In the past, ThredUp has given discounts of as high as 55% off. I dont know because nobody at ThredUp ever replied to my question about it. They were able to track the order but there is no refund or return record.. This will ensure that you have the vendors mailing information, Tax ID number and also require them to indicate their corporate status. Keep in mind that I had followed all of the instructions that came in my Clean Out Kit and sent summer clothes to thredUP in August. You can log into your account to see them and even adjust the price although only up to the estimated retail price ThredUp has set.