Inside ecommerce platform economics.

What the settlement trail is not telling you

The IRS has quantified a $335.5 billion discrepancy in ecommerce 1099-K filings. Between 78% and 94% of cases were not underreported income. Nobody has asked what they were instead.

• TIGTA's $335.5B in 1099-K discrepancies: 78–94% were not underreported income
• The IRS matching system that flags underpayment but is structurally blind to overpayment
• Thrasio Ch. 11: 376 bank accounts across 200+ affiliates, zero settlement reconciliation in the docket
• Platform-held reserves as unquantified asset class: Shopify holds, Wish's $620M merchants payable
• FBA claim window compressed from 18 months to 60 days: what that means for onboarding and forensic mandates