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Sellers Tax Liability

What happens with the taxes eBay has collected from our buyers (& paid to the buyer's state) on our behalf over the past two years (deducted from our payouts so we are whole) now that the taxable $600/yr+ sales law has been rescinded for the second consecutive year? 

 

Since I believe these were state taxes, how do our customers recover these taxes paid; money which should now be refunded to our buyers by their state?  Must each buyer taxed, now have to quantify each of their eBay purchases & claim on their state tax return, the funds that in hindsight, should have never been charged?

Message 1 of 4
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Sellers Tax Liability

Why should the buyers be refunded for sales tax they paid.

The $600 has nothing to do with sales tax.

Have a great day
Message 2 of 4
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Sellers Tax Liability

You are confusing 2 different things.

 

Sales tax the buyer pays and eBay sends to the state.

$600 INCOME the seller made. 

 

2 totally different issues...

klhmdg  •  Volunteer Community Mentor
Message 3 of 4
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Sellers Tax Liability

I believe you're confusing income tax with sales tax @cmummeg .

 

Sales (consumption) tax is charged when consumers spend money.

 

Income tax is assessed on earned money.

GLORIOUS!

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