EBAY and IRS

a529612 · Nov 26, 2006

EBAY will collapse...

IRS advisory committee wants online auctioneers to have to pay taxes

http://www.usatoday.com/money/perfi/taxes/2006-11-20-irs-usat_x.htm

ElectricSavant · Nov 26, 2006

So will PayPal..the only people that use them are third world vendors that can't afford a real merchant accounts...

Surdo · Nov 26, 2006

eBAY owns PAYPAL!

Don't be sure of their demise, they are huge and used by many first world vendors.

ElectricSavant · Nov 26, 2006

I know that..thats why I posted it...

Quote from Surdo:

eBAY owns PAYPAL!

Don't be sure of their demise, they are huge and used by many first world vendors.

Traveler · Nov 26, 2006

They could solve this without a big hassle (for the IRS) by requiring Ebay to issue 1099-misc's for gross yearly sales.

Traveler

Opra · Nov 26, 2006

Hmm, maybe I can take a loss deduction by selling that used digital camera on ebay?

5Pillars · Nov 26, 2006

Quote from a529612:

EBAY will collapse...

IRS advisory committee wants online auctioneers to have to pay taxes

http://www.usatoday.com/money/perfi/taxes/2006-11-20-irs-usat_x.htm

And right in time for the newly empowered tax happy Lib's to push it on through....YEEHAA!

The timing of this committee report is not a coincidence at all....LOL!

GTS · Nov 26, 2006

Quote from Traveler:

They could solve this without a big hassle (for the IRS) by requiring Ebay to issue 1099-misc's for gross yearly sales.

I bet many sellers wouldnt use eBay if they had to give up their SSN to sell anything.

eagle488 · Nov 26, 2006

I wish I could sell this book on EBAY.

5Pillars · Nov 26, 2006

Quote from GTS:

I bet many sellers wouldnt use eBay if they had to give up their SSN to sell anything.

Great point!

EBAY and IRS

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