Newegg Reports China Sellers' Income to Chinese Tax Authorities and Issues No U.S. 1099: How to Handle Both Sides
Under State Council Decree No. 810, Newegg reports mainland China sellers' identity and income to Chinese tax authorities each quarter, even for U.S.-only sellers, while its seller FAQ says it issues no 1099. No U.S. 1099 doesn't mean no U.S. return; that depends on how you operate in the U.S., and both sides' numbers should come from one set of books.
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