True", oh boy, Texas. So, 2022 is quickly approaching and within the new year comes a new federal tax law for us small business owners and small sellers. The government has now initiated a new federal tax law that will begin on January 1st, 2022. A lot of us are probably really comfortable with knowing that all the online marketplaces never reported to the IRS until you made $20,000 in sales or 200 transactions. Well, no more. Before I jump into this video, let me just preface that I am not a tax professional. I am just sharing the information about this new federal tax law to more or less give you guys a public service announcement about what's going to start happening come January 1st, 2022. If you're a reseller or online seller like myself, I highly suggest you guys look in the description for some of the information links that I will be providing regarding this topic because I know it's a topic that a lot of people have questions about. And of course, I am not a professional at all, but I do know how to read and comprehend tax law. So, I will have that in the description below for you guys to read up on as well. But I'm going to give you the quick basics in this video. And this video is kindly brought to you by Mercari. They are sponsoring today's video. They asked if I could put out a video as a public service announcement about this new tax law, which really will take place for all online marketplaces, not just Mercari. But they did reach out to ask if I could do this video for you guys and I was like, yeah absolutely. You guys know I love to work with Mercari. But...
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