subasa2811 asked:
I’m wonder how can ebay seller pay for there taxes. You know, nobody knows how much they really make.
So is that mean they never paid taxes ?
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Oct
subasa2811 asked:
I’m wonder how can ebay seller pay for there taxes. You know, nobody knows how much they really make.
So is that mean they never paid taxes ?
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3 users responded in this post
you’re pretty much on the honor system as far as income tax goes - if you’re just selling some used items, like at a garage sale, don;t even worry about it - if you’re treating it like a business,worry about it when you are grossing $1000 per month in gross sales (not profit) - but keep track of your costs of items sold, ebay fees and paypal fees if you use paypal
At some point the IRS may address this issue but as for now you are the only one that reports the income. If you use paypal or some other means to collect the funds they may report.
i wouldn’t worry about ebay. they have accountants working there.
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