-Ships in 2+ boxes. Non-US customers will not receive any forms from Coinbase and must utilize their transaction history to fulfil their local tax obligations. i am trying to contact somebody to correct that, but there is not a single phone number on the website for the customer service and the 'chat' function does not work. A 1099 is an "information filing form," used to report non-salary income to the IRS for federal tax purposes. Ive tried to contact ThreadUp several times and have received no answer. In that case, you must determine if they are employees or independent contractors. Unfortunately, I give a big thumbs down to thredUP online consignment site. How do I file a 1099 to a foreign contractor? - QuickBooks Thredup Review 2022: An Online Clothing Store Scam or Legit - LEARNANET This complaint was posted by a verified customer. Big Thumbs Down to thredUP Online Consignment Site The items that didnt pass ThredUps rigorous inspection would be donated to charity. Coinbase reports your cryptocurrency transactions to the IRS before the start of tax filing season. Customer Support" I purchased a pair of slides made in China and they were described as "44-45=12US women". thredUP decided to keep 6 of the 9 items I shipped in my Clean Out Kit and list them online. I really dont want to believe anything underhand is going on but its seriously odd how they determine whats worth selling. Those are offered at a cheaper price per pound because you buy more at once. If, like me you tend to give away most of your unwanted clothes then this is a nice little gift for doing so. I emailed them asking for specific reasons why they werent good enough to sell. As you can probably guess I posted some Instagram Stories before I sent my bag to ThredUp. 40%. Source: thredUp. 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. I shipped a whole bunch of clothing in a pristine Givenchy tote bag, and the tote bag was never listed for sale. You issue 1099s to vendors who do work for your business during the tax year. 1. Which means that they take unused clothes, and sell them for a profit. I just hope a charity does get your clothes because its awfully fishy business. My account is locked, @ need to up date [protected]@number my new email is josette [protected]@gamail.com my number is [protected] josette clark my Ole email was josette clark [protected]@ yahoo.com I don't have that anymore thanks. Your return is complete and your refund of $67.53 has been processed. Tue, May 31, 1:18 PM See insights on thredUP including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Heres the full stack of clothes designated for thredUP. ThredUP has no customer service phone number and if you click on Chat and Email on their site, Chat never opens. Desired outcome: Suppose a business intentionally disregards the requirement of providing a correct payee statement. If thredUPopts to sell your item, you get a cut of the sale. You can check out my Poshmark closet to see what Ive sold and the price Ive received for each item. For example, you are a self-employed handyman. The 1099 is issued to the payee and also sent to the IRS. Currently, there is no expiration date. The other thing sorely lacking is the description of the items for sale. Go to ThredUp and click CLEAN OUT in the top menu bar. Use the instructions in the link below and when asked if you received a 1099-B, answer NO. Sellers send clothes directly to thredUP by the bagful, and buyers shop quality-checked items from over 35,000 brands at steep discounts. I sent a large box inside the bag of jewelry from my store inventory, ladies long cream white wool coat, granddaughter's two prom dresses; all in mint condition and yet they never arrived? When I finally got one well after 10 days, then another, they were rather generic, none explained why my new orders were cancelled. For our purposes we hit ORDER A FREE KIT. While I was able to work with the Thred Up customer service to stop the sale and shipment of goods, I was NEVER refunded the money. Crazy Together is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. Consumers satisfied with thredUP most frequently mention great condition, good quality and polka dot.thredUP ranks 3rd among Used Clothing sites. ThredUP Men's Clothing Rescue Box Review - From Pennies to Plenty Lisa Katz . as well as other partner offers and accept our. 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. Payors of 1099s need to know when they are required to file a 1099 and when they are not. Inbox Yes, I did have my bank investigate and was informed that Thred Up denied any of this happening. In my area if I sell to Platos Closet they check the tags to see how old the item is and if its older than about 3 seasons they dont take it even if its in perfect condition. What is blatantly clear from this 15 second story is the condition, quality and relevance of the items I sent. 2. reports the sale or exchange of real estate. Which payments are exempt from having to issue a 1099. Which means that they have to make a profit from the $50 blouse you send their way and the only way to do that is by offering you less money for your blouse than its actually worth so that they can resell it at a higher price, pay their bills, and earna few bucks for themselves. I would like ThredUP to restore my account, give me my $10 credit and allow me to use my new debit card for new orders. Basically a win win in my book. Desired outcome: Especially for those looking to recycle clothing en masse in an urban area (particularly if you do so regularly or without access to a car), it's a great option. If you paid an independent contractor more than $600 in a financial year, you'll need to complete a 1099-NEC. Please note that we are unable to create prepaid labels for Alaska, Hawaii, Puerto Rico. thredUP's Return Policy Many types of payments are exempt from needing a 1099, including personal payments and total payments to a vendor under $600 for the year. They were worn twice so replacement value would be exactly what I paid for them. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Using their clean-out service means that you will be given a kit by ThredUp where you can fill it with gently used items that you do not need or use. Poor quality clothing will be given to textile recycling partners to recoup money. Starting in July of 2021 I sent in a massive amount of designer clothes. The penalty amount depends on how long past the deadline the business issues the form. A large plastic bag with the return address already on it will arrive in your post within a couple of weeks. But when businesses or self-employed individuals make non-employment payments, the IRS may require them to report those payments on a 1099 and send a copy to the payee. DO NOT SELL TO THREDUP : r/FrugalFemaleFashion - reddit It also reports your employer contributions to things like the Social Security tax. information about the income paid to the employee, the amount of taxes withheld, and the benefits provided. What to Send to ThredUP: Sell Your Used Clothes Online! I would list them on ebay or Poshmark before I'd send them to thredUP. Form 1099-S reports the sale or exchange of real estate. They make it sound so easy and rewarding on their website. In this case: If a business that pays you doesn't issue a form 1099-misc, it's not your responsibility to make them follow the rules. There are different types of 1099s, and they do not all have the same filing date. However what I was NOT prepared for was the huge number of items deemed unfit to sell. . I've given this site three chances to prove themselves, but I've come to the conclusion they're just a money laundering site at the customers' expense. But I closed that acct w/Chase about two months ago, went to Wells Fargo, hated it, returned to Chase and now have a new bank account number w/ a new debit card number. I bet they dont give to charity, perhaps they sell these pieces on, just not on their site? I'd say it's more of a charity than it claims. ThredUP for men? : r/ThredUp - reddit 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. How do I resolve this other than to turn to you? All in perfect condition, with years of styling enjoyment left, the thought of another fashionista buying them at an affordable price makes me very happy indeed. on 9/26/15. 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. You actually have to pay the site to accept your clothes. I ordered 3 pair of shoes, two did not fit, one was defective. It is too long by 1/2 inch at least. Did you rake in the cash or walk away from the experience feeling completely deflated? Giving them away to someone you know is really nice. For example, if a business hires a freelancer for a project, it's important they send a 1099 . Out of about 40 pieces only fifteen were chosen to list, the rest went to charity. Like most chores that require sweating, rolling suitcases over uneven city concrete, and occasionally pleading with God to speed up time, I started to dread the trek. thredUP Reviews - 5,867 Reviews of Thredup.com | Sitejabber So what to do? In the past, ThredUp has given discounts of as high as 55% off. How much does the men's rescue box cost? ThredUP's program is also unique in its flexible options. I want to complain about this company and their poor judgment of selling stuff in bad condition and the smelled nasty. What you can do if your thredUP coupon code does not work. NEVER AGAIN :(. You can purchase syndication rights to this story here. Each garment in the list is linked so you can track its sale on the site. Thats the risk you take by giving them carte blanche on your listing. Schedule the USPS or FEDEX to collect the bag free of charge or you can drop it at one of their locations if thats easier. How Does ThredUp Make Money? The ThredUp Business Model - FourWeekMBA Form 1099-INT reports information to the IRS when companies pay dividends or interest. 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. to me 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 our story. Now can't get a response at all. They refer to their earnings as nominal but thats kind of a vague word, dont you think? Their follow-up on clean out bags is terrible. A 1099 for independent contractors has no employee benefits or employer contributions. Required fields are marked *. Seeing as that's not what they do, never shopping with them again hurts them more than me. thredUP Careers and Employment in US | Indeed.com Which makes sense, because very few people will be shopping for a new winter coat in July. I really just want to know out of curiosity and for this post but I never received a reply. Uber files the necessary information returns to the IRS. I guess pricing depends on the individual sorting through the bag? ThredUp takes care of the rest Ive tried every way to reach them but there is NO customer service number or email address to contact them. Subscribe to our newsletter. We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of thredUP. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. The only outcome I would want is full refund in it's entirety. Here is another idea for you Michelle why dont you organize a clothes swap in your neighbourhood? Best Overall: ThredUP. There are quite a few exceptions but the most common is rent paid to a property manager, or any seller of merchandise, freight or storage. 3. There is no way to return these for "not as described" as I would lose my shipping charge and this BS $1.99 restocking fee. Filed Under: Money Tagged With: clothes, money. Here's the cost breakdown: Price: $50. They do all the heavy lifting by listing photographing, marketing, and handled the commerce of your items. i would like to talk to the customer service representative. Building https//www.the-sloth.com. I would like ThredUP to restore my account, give me my $10 credit and allow me to use my new debit card for new orders. thredUP: Online Thrift Store on the App Store ** Fun Fact - Lawyers get a 1099 regardless of whether they are incorporated or not. Send any items that fit the current season and set non-season items aside to ship at a later time. In any case if you know your stuff and do your research, you shouldnt get ripped off. Return # 5043206 Do Construction Companies Have To Send 1099 Forms To Subcontractors? I added up the value of the five garments that had sold and thredUP earned $99.95 for those items (with one dress yet to sell). What does thredUP do with unaccepted clothes? I want my boots back or I want the replacement value reimbursed to me. (See attached photo) Employee Benefits and Perks - thredUP | Glassdoor Have you tried to sell clothes onThredUP? thredUP keeps track of all incoming clothing to sell through their $10Clean Out Kits. Maybe you have an even better tip to turn your gently used clothes into cold, hard cash. 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. Send a 1099 for payments to corporations only if the payments are for medical, health care, legal or fishing activities. Payments of less than $600 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. But you still need to report the income on your self-employed tax return. 14 Ways to Save on ThredUp Clothing - offers.com I returned some items and Thred up processed the return, minus restocking fees and contacted me via email of the return amount and successful receipt. Or just give the clothes to colleagues, friends, neighbours. 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. Below are links to frequently asked questions about the Form 1099-K including general information, reporting requirements and filing the form. The online store thredUP, which has its headquarters in San Francisco, California, has created a sophisticated resale experience on one of the largest online marketplaces for women's and. xxx, I am with you Lisa. reports information to the IRS when companies pay dividends or interest. Their TDUP share price forecasts range from $2.00 to $13.00. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses Form 1099-MISC. For items priced at $20.00-$49.99, Thredup takes 70-85%. The. Refund Requirements: This review was chosen algorithmically as the most valued customer feedback. Payment Card and Third Party Network Transactions (Form 1099-K), Rents, profits, or other gains (Form 1099-MISC), Commissions, fees, or other payments for work you do as an independent contractor (Form 1099-NEC), Payments by brokers/barter exchanges (Form 1099-B), Distributions from any retirement account, Distributions from an employee stock ownership plan. Available Shipping Methods - thredUP Since there are many different types of payments, the IRS has various 1099 forms. 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. 3.8 670 Reviews. How can I get a form SSA-1099/1042S, Social Security Benefit Statement? 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. Promotions and discounts will not be reimbursed Filing Form 1099-K. They photograph, upload and describe your items. Five items were sold on consignment ($24.95), and the remaining eight were purchased outright ($9.99) for a total of $34.94. In any case, whether you're pursuing the . Compare. Sometimes business owners can be frustrated because they do not have enough information to issue a 1099. View Transaction History Orders shipped within the 48 contiguous United States: 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. I mean what the hell? As an employee, your employer will file a W-2 which reports your income and withholdings for Social Security FICA, Medicare, and more. Return Processed by Thred up May 31, 2022. To be accepted, they have to show no signs of wear (pilling, fading, shrinkage), damage, or alterations. Boxes aren't needed. Verrrrry interesting. The 1099 form is officially known as a 1099-MISC form, with "misc" standing for miscellaneous. All returns must be postmarked within 14 days from the date of delivery of an item. They were accepted and then instantly cancelled. Although the skeptic in me has to wonder, if you know what I mean? At the end of each year, it is the employer's responsibility to provide a completed 1099 form to the person they pay. If you hire a non-U.S. citizen and they work for you inside the US, you must file a 1099-NEC, assuming the transaction meets the other filing requirements. 30%. Ive found some extraordinary bargains like these Escada baby cord velvet flares below. Now as to WHO the beneficiary is of my charity, I cant tell so for that reason I wontsell on ThredUp again. Its possible that thredUP will yield the best profit with minimal effort, but unfortunately it costs $10 just to find out. reports the distribution of $10 or more of retirement benefits from pensions, annuities, or other retirement plans. If you're looking to get the most money possible for high-end items, it's probably not the most lucrative option. As one of the most popular online consignment shops . Definitions. 2. What I dont like about ThredUp is the incredibly poor customer service. When you buy through our links, Insider may earn an affiliate commission.