Our first baby is due to arrive in July and our 950 square foot house has very limited closet space, which means that all of the things weve been tucking into the extra bedroom need to find a new home. Does ThredUP still offer them? If you decide that an item that isn't the right fit for you, we invite you to visit your returns page to process a return request. Last summer, I did a major closet clean out after learning about the KonMari method. Your return has been processed. 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. 16 Followers. Seriously, worse than selling used books, and these . 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. This set off a red flag in our system which caused it to cancel the orders after they were placed. I wouldnt recommend it Anne. Orders shipped within the 48 contiguous United States: Helpful (1) Vicki B. on 9/26/15. Desired outcome: 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. In that case, you must determine if they are employees or independent contractors. For me, since my focus is largely on low-maintenance recycling, earning a few bucks here or there is just a bonus. on 9/26/15. To be required to issue a 1099, the purpose of the payment must be for business or trade. As required by law, Crypto.com will also provide a copy of your Form 1099-MISC to . Michelle Tyler blog uses its own and third party cookies. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. Currently, there is no expiration date. O.K so they do all the heavy lifting. How much does the men's rescue box cost? Honestly though, if you just plan to donate your clothes, isnt it simpler to drop them off at your nearest Salvation Army, Goodwill, or other thrift store and collect the tax credit? 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. There is no phone number anywhere for Thred up. When corporations undergo substantial change or ownership control, sometimes, they send the stockholders cash, stock, or other property as part of the restructuring. Conscious shopping & collecting quality pieces over quantity is the most sustainable path to timeless outfits & a healthy planet. this is very frustrating. Send a 1099 for payments to corporations only if the payments are for medical, health care, legal or fishing activities. Like many clothing retailers, ThredUp saves some of its biggest deals of the year for Thanksgiving weekend (Black Friday to Cyber Monday). 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. Compare. Sometimes business owners can be frustrated because they do not have enough information to issue a 1099. Please contact them if you can for me to restore my account with them and get my $10 that they owe me - interesting that they still send me emails for deals on the site! When I shipped my own Clean Out Bag last summer, Ishipped my bag sometime in July, but thredUP never contacted to let me know it was received. If you make payments personally and not for your business, you are not required to send a Form 1099-MISC. We do not have access to detailed information, but the reasons provided were: When a 1099 form does not match a W-2 filed by the IRS, the IRS uses it to track payments. This does not drive our decision as to whether or not a product is featured or recommended. Complete. I mean what the hell? I just decided to sell to threadup for the first time. 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. until it's delivered, i cannot generate a return request. I do not have time to sell on eBay and with thredUP it is so easy to ship off a box of clothes I no longer wear. [protected]@yandex.com. You might receive money as an independent contractor, dividends from stock you own, interest income, retirement income account payouts, or other non-employer payments. If you use a broker to sell stocks, bonds, or other securities, they will send you Form 1099-B to report gains or losses from your transactions in the preceding year. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses Form 1099-MISC. thredUP keeps track of all incoming clothing to sell through their $10 Clean Out Kits. Depending on what your local upcycling options are, you may earn more by bringing relatively high-end items to a Buffalo Exchange. Heres the full stack of clothes designated for thredUP. When a lender cancels your debt, you no longer owe any money to the lender. I returned them the next day and was charged $2 each as a "restocking fee". They were worn twice so replacement value would be exactly what I paid for them. To keep this short, Thredup Inc at www.thredup.com is basically one the largest online resale platforms for women's and kids apparel, shoes, and accessories. I ordered shoes a few weeks ago. I ordered 3 pair of shoes, two did not fit, one was defective. I checked the address and even walked to several neighbors homes. Desired outcome: They probably will tell you they don't accept them and you won't get anything or if they do accept them you will get a few dollars. The. They refer to their earnings as nominal but thats kind of a vague word, dont you think? [protected]; [protected]@aol.com Often they must spend their money on your behalf while doing work for you. If you plan to use a vendor and pay them more than $600 in the year, the best business practice is to have them fill out a W-9 before doing any business with them. What does thredUP do with unaccepted clothes? However if you take the credit option its actually not bad at all because its a higher payment and the shopping is rather cheap. But it is your responsibility to verify the information. The IRS has a series of thresholds determining whether someone is an employee or an independent contractor. We have a lot to share. Despite these occasional fuck ups on pricing, overall ThredUp is a bargain hunters dream. Grab a coffee and stay a while. The most popular ones sell out quickly. Final sale items are not returnabl Then they answered the first. thredUP Its possible that thredUP will yield the best profit with minimal effort, but unfortunately it costs $10 just to find out. Conversely I have only positive experience buying from the site. YES cut as in by a person. In any case if you know your stuff and do your research, you shouldnt get ripped off. 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. Thanks for all help, They made sure no one would be able to tell. I would check at least daily if I wanted to get one of the most popular boxes. Never the less wherever this beautiful maxi is hanging now I have no doubt someone is loving it. In that case, you must determine if they are employees or independent contractors. A 1099 for independent contractors has no employee benefits or employer contributions. In truth thats thepoint as well as the problem with ThredUp right there,in a nutshell. To curate a thoughtful & cohesive wardrobe - where their clothes, shoes & handbags transcend any occasion or season. 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. You do not file 1099s for Uber drivers. I created the Blog to inspire women to invest time in their personal style. Here is another idea for you Michelle why dont you organize a clothes swap in your neighbourhood? A complete refund and no more run around! Learn about thredUP , including insurance benefits, retirement benefits, and vacation policy. There was an error submitting your subscription. 1. reports the sale or exchange of real estate. When I reached out to them via email they said they have a policy that after one year any money is converted to a gift card. As a personal payment from you to the handyman, you are not required to issue a 1099. Your kit will be processed typically within one week of being received. Fill a bag with women's or kids' clothes from brands like Lululemon, Zara, J. I ordered a pair shoes ASOS: SHOES which were listen as a Size 5. Havent heard of thredUp? Low value items clothes and accessories from less expensive stores (such as Kohls or Old Navy) or obscure brands that other people wont recognize. Crew & Ann Taylor LOFT, and send it back. Back in August 2022 someone hacked my THRED UP account and made purchases in the amount of $1,185.00. [protected] When does Robinhood send 1099? If you continue browsing we consider you accept the use of cookies. Believe it or not this dress and likewise many other items were rejected by ThredUp. Banks and other financial institutions report dividends and other distributions to their clients on Form 1099-DIV. 3. What happens if you don't send someone a 1099? I feel they grew too large to handle the amount of clothes coming in and their customer service definitely got worse. In the past, ThredUp has given discounts of as high as 55% off. There is no one to hold these thieves accountable or get reimbursed for the items they claim would not sell. Signing Up For ThredUP So if you are paying your babysitter, gardener, or painter, you do not have to file a 1099. I mailed a bag filled with many items including brand new clothes with tags still on them. When your items sell you have the choice of credit to shop or cash out. My fabulous Antik Batik boho maxi dress is bang on trend with not a single sequins missing! You can send in women's, men's, and kids' items. No it aint quick. Those platforms supply the required information to the IRS. Your email address will not be published. The IRS has a variety of 1099 forms to cover all of these and other scenarios. May 30, 2022 I returned some items I purchased from Thred Up and expected it to be refunded to my credit card. They make it sound so easy and rewarding on their website. We operate independently from our advertising sales team. What happened to the rest of my things? See insights on thredUP including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Your experience is exactly what I feared might happen after I read how they work. 1099s need to be issued to single-member LLCs, partnerships, sole proprietors, unincorporated contractors, and freelancers if you paid them more than the yearly threshhold. Our 1099 filing software makes it simple to create, issue, send and e-file your 1099-NEC, 1099-MISC and more. So, if you're a Target shopper, ThredUp won't necessarily save you money, but it could get you better brands, and the satisfaction of buying used vs. new. Despite having a type-A personality, I wouldn't call my closet particularly well-organized. The IRS penalty for failing to issue a 1099 is now $250 per form. Ive found some extraordinary bargains like these Escada baby cord velvet flares below. When a company hires an employee, it files a W-2 with the IRS and shows. Even worse, your clothes will not automatically be returned to you if ThredUP does not accept them. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. 3. They are the self-proclaimed largest fashion resale marketplace with over 35,000 brands. In any case, whether you're pursuing the . Form 1099-R reports the distribution of $10 or more of retirement benefits from pensions, annuities, or other retirement plans. I bet they dont give to charity, perhaps they sell these pieces on, just not on their site? Learn more. Each garment in the list is linked so you can track its sale on the site. Awful experience! Life, Home, Money, Fashion and Everything else as a Family of 4, April 19, 2017 By Maria Gavin - 106 Comments. 40%. 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. To qualify for a refund, all items must be in the same condition in which you received them Below are links to frequently asked questions about the Form 1099-K including general information, reporting requirements and filing the form. 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. The problem is that Thred up gave me Thred up store credit for the amount instead of returning it to my original payment credit card. I will say that thredUP is pretty transparent about the status of the clothes they keep and list online. [protected]@verizon.net. For small businesses, the maximum fine is $556,500 per year. In my experience, it can sometimes take even longer. "Hi Chanel, If you search around and shop total price you can probably find some really good prices even with the $7 shipping factored in compared to thredup Flaky-Somewhere1 2 yr. ago Although its fair to say if this is the grand sum I make from my huge bag of clothes then its more for charity than profit. You never know the bad policies of a site until something goes wrong. Thred up return Policy: Perhaps The Real Real or Vestiaire Collective is better when it comes to this type of selling? I have been stashing away some of my better brand, lightly worn clothing for resale and was considering ThreadUp. Once I was looking for a statement brooch and noticed a plastic necklace from Marks and Spencer priced at a whopping $199! Lesson learned! Chanel Silva Employers can be subject to an IRS fine of $50 or higher for failure to give you a 1099. Fill up your kit Free up space in your closet by filling any box or bag with gently used items you no longer wear, need, or love. Ive tried every way to reach them but there is NO customer service number or email address to contact them. The first year she used Mercari, Heltke didn't know that, and she received a 1099 on which she owed taxes. For example, imagine you are a business that hires others to help provide your services. determining whether someone is an employee or an independent contractor. Learn how your comment data is processed. Boxes are not necessary. According to the thredUP website, it takes 1-3 weeks for your Clean Out bag to be processed and have your items listed online. And they must send you a copy also. I would love my refund but more I would like to see this company shut down for fraud. ThredUP does a great job of sorting through items received from sellers to only resell those items in good or great condition. IRS Form 1099, commonly called a 1099, is the IRS form used to report non-employment income. With the credit or let my daughters shop with the credit. There are businesses that don't require a 1099. Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) reports the sale of stocks, bonds, mutual funds, and other securities. It's sort of like Poshmark or eBay except you can send all of it off at once, and they take care of the actual selling: inspecting them, professionally photographing them, listing them, and shipping them. You can download financial statements from your Robinhood account. Their TDUP share price forecasts range from $2.00 to $13.00. I'm sorry if I wasn't clear in my last email. -Ships in 2+ boxes. Can an employer get in trouble for not sending a 1099? But since there are potential penalties for failing to issue and file a 1099, what should a business owner do? Benefits information above is provided anonymously by current and former thredUP employees, and may include a summary provided by the employer. The contractor must be a partnership or individual. I dont know because nobody at ThredUp ever replied to my question about it. I purchased this box on July 5th. Now Im out $230+. It also wouldnt hurt for you to consider listing your gently used clothing on Poshmark or Ebay. I have no gift card and no money now. information about the income paid to the employee, the amount of taxes withheld, and the benefits provided. 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. I have used ThredUp for several years and had good experiences when they first got up and running. This has been over a week ago so I went through the process of contacting them again and was told that I had to keep waiting to hear from them. Its gorgeous and in perfect condition. In exchange, I received $37.40 in thredUP credit. A 1099 employee doesn't receive benefits or have taxes deducted from their paycheck. ComplaintsBoard.com is a leading complaint resolution website on the Internet. I can see that boots from your bag 2.) So what to do? Weird. The items on ThredUp are in excellent condition and generally priced very low although I have come across the odd item that confused the hell out of me. Crypto.com may be required to issue to you a Form 1099-MISC, Miscellaneous Income, if you are a U.S. person who has earned USD $600 or more in rewards from Crypto.com during the previous calendar year from Staking, Earn, Referrals, or certain other activities. I have tried messenger, chat, emails, nothing. But you still need to report the income on your self-employed tax return. CAN FASHION DO MORE THAN JUST BE SUSTAINABLE? Source: thredUp. Desired outcome: 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. I wear a size 11, but frequently buy size 12 if I think they may run smaller and being made and purchased directly from China, I ordered them thinking, at the least they will be a size 11. Form 1099-INT reports information to the IRS when companies pay dividends or interest. I got my mother of the bride dress on thredUP and formal wear has unbelievable low prices. All returns must be postmarked within 14 days from the date of delivery of an item. ThredUP is the most convenient mass upcycling program I've found for city dwellers without a car. As with the expedited processing fee, however, you may not make this money back. They were accepted and then instantly cancelled. They have overhead costs like warehouses, employees, shipping supplies, and maintaining an extensive website. Merchandise Return # 4516062 Did you rake in the cash or walk away from the experience feeling completely deflated? Items were considered off-trend However what I was NOT prepared for was the huge number of items deemed unfit to sell. If you can't bear to let go of your items, you have the option of having thredUP return the items to you for $10.99. My acct was w/CHASE bank, I disputed one item but the bank returned all of the money for that order to my acct. If, like me you tend to give away most of your unwanted clothes then this is a nice little gift for doing so. thredUP's Return Policy Who knows? If you wish do donate your clothes without a payout, the kit is free (but FYI, you dont get a receipt for tax purposes). It shows the total amount of benefits you received from us in the previous year so you know how much Social Security income to report to the Internal Revenue Service on your tax return. Im sure they will be relisting the defective pair as well so as to sell to another sucker, assuming I ever do get the email. 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. Id stick with Ebay for anything I sell in the future; Ive never gone wrong with them. It may be something silly like the clothing is too old. I want my items returned or paid the equivalent of what I lost because of their inability to handle incoming merchandise. all you can do is to choose from a menu of questions and click on pre-typed answers. How do I resolve this other than to turn to you? The main difference between an employee and an independent contractor is that one is a payroll worker, and the other is a non-payroll worker. 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. That's the name of the actual box on the 1099 form where you will officially fill in the amount you are claiming. It was just a dress! Hi, In that case, you are probably an independent contractor. Uber files the necessary information returns to the IRS. reports information to the IRS when companies pay dividends or interest. Theres one more thing you need to be aware of before you attempt to sell your clothes on thredUP. They were worn twice so replacement value would be exactly what I paid for them. Best Overall: ThredUP. Have you tried selling your clothes as a bundle on Ebay? Lisa Katz This will surely increase the credibility of your complaint. I returned merchandise, it was in bad shape, thredup is stealing clothing & money from consumers, My bag of clothes, purses and shoes Bag#: B2BAC-KG637, 16 years' experience in successful complaint resolution, Each complaint is handled individually by highly qualified experts, Last but not least, all our services are absolutely free. Expensive ones. Your return is complete and your credit of $144.21 has been processed. Though for luxury items which fetch as much as 80% commission of the sale, thredUP may still be a contender. The person or company sending you the money is responsible for filing a 1099 with the IRS and sending you a copy to file with your tax return. Payments of less than $600 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. ThredUP's program is also unique in its flexible options. Unlike other apps like OfferUp and Facebook Marketplace, there's no heavy lifting on your part with thredUP. thredUP Promo Code: 30% off. Desired outcome: Order a Clean Out Kit or FREE shipping label on thredUP's selling app. The 1099 is issued to the payee and also sent to the IRS. We do the rest! Push Continue. Suppose a business intentionally disregards the requirement of providing a correct payee statement. I basically mailed them 3 FULL boxes of clothes and shoes that were practically brand new or had tags. A 1099 is a document or a series of documents the IRS uses to track different income types, other than salary, an employee receives. What kind of a shady company is this? Id say its more of a charity than it claims. I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? Also, please take note that buyers have 14 days to return the item in case they do not like it. refund return amount to my the credit I used for my purchase. You actually have to pay the site to accept your clothes. But what if you do handyman work for your neighbors business, Main Street Realty, LLC, and the business pays you $5,000? You do not need to issue a 1099-NEC or 1099-MISC for credit card payments as listed below. 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. Suppose you are in business for yourself and provide services to other companies or people. It was a lot.). 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. thredUP store credits will be refunded back to your account 5-7 days after thredUP has received your return order, while credit card refunds can take an additional 3-5 business days to be refunded. 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. For small businesses, the maximum fine is $556,500 per year. ..wait for itlets have a drum roll please.. To clarify Everything I included in my bag was either a popular brand, high-end high street like Whistles or low-end designer like Antik Batik. ThredUp shoppers expect to bag a bargain but sometimes ThredUp gets it wrong. DO NOT SELL TO THREDUP. 1099s are information returns, and often the person or company filing them does not withhold taxes from these types of payments. This also includes items that are slightly faded, stretched, or show other signs of wear. Refund Requirements: You make a little and they take their cut for their hard work. Use the instructions in the link below and when asked if you received a 1099-B, answer NO. Coinbase reports your cryptocurrency transactions to the IRS before the start of tax filing season. Seeing as that's not what they do, never shopping with them again hurts them more than me. As you can probably guess I posted some Instagram Stories before I sent my bag to ThredUp. I actually had these photos taken last July while we were still living in the condo because I wanted to feature thredUPas a unique website that helps you earn a little unexpected cash (the thought of which greatly appealed to my personal finances). If you are self-employed and provide services of at least $600 to a business during the year, you should receive Form 1099-NEC. Fortunately, the IRS always provides the dates in, General Instructions for Certain Information Returns. You can also look at it as a way of paying forward the lovely pieces in your closet that you no longer have use for. The commission scale the company currently uses is as follows: For items priced at $5.00-$19.99, Thredup takes a commission of 85-95%. Given the amount of textile waste, it sounds good in the sense that a) people can recycle textiles responsibly and easily and b) there's an opportunity to make more useful donations to charities.