eBay

brucelovestheocean · ‎02-02-2019

Hello eBay community. I am reaching out for much needed help. I have a functional brain injury and started my eBay business to bring in much needed income to keep me off the street and a roof over my head. I am severly cognively impared but just enough brain power left to list things and all that it takes to make that happen on eBay. I am seeking an expert who I can chat with hopefully by phone or skype that can help me set this up as a business so I dont get into any trouble with the IRS. I sell for clients which I have advertised for and am making enough money where I need to record what I am doing and stay out tof harms way. I am short on cash but do need the help with setting this up. You may contact me through here.

Thank you in advance,

Bruce

sam9876 · ‎02-02-2019

What do you mean when you say that you want "to set this up as a business"?

brucelovestheocean · ‎02-02-2019

Well I need help with how to account for eveything and set this up so I am legit with the IRS. Call it a business or just call it selling items for others for which I recevie a percentage. This past year I received over 26,000.00 in my PayPal account and got sent a 1099 Yet only a certain percentage of that amount I kept as I had to pay my clients for the items I was selling for them. I had no idea that kind of money was flowing through PayPal as I have a brain injury and its been hard for me to keep track of things.

ripcityresell · ‎02-02-2019

With all due respect, I don't think asking random unknown people on the eBay forums would be the best course of action.

brucelovestheocean · ‎02-02-2019

Thanks...one never knows unless one puts it out there. Im a firm believer that someone with a good heart and soul might exist in this community and reach out to me. Thanks again.

escuintla · ‎02-02-2019

Where do you live?

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If you haven't paid for your item, you're a winning bidder, not a buyer!
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sam9876 · ‎02-02-2019

Accounting 101.

tunicaslot · ‎02-03-2019

https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers

Try finding a place near you that provides this service. I know many elderly that use it and if you have a disability you are eligible. Best to have someone sit down and show you exactly what you need in terms of licenses, paperwork and spreadsheets you need to keep ect.

Being you sell for others on a consignment basis - in some states that type of seller may need an auctioneer's license. I realize you didn't know how much you may earn - but a seller has to have these business systems in place before selling on any venue.

mcdougle4248 · ‎02-03-2019

@brucelovestheocean wrote:

Hello eBay community. I am reaching out for much needed help. I have a functional brain injury and started my eBay business to bring in much needed income to keep me off the street and a roof over my head. I am severly cognively impared but just enough brain power left to list things and all that it takes to make that happen on eBay. I am seeking an expert who I can chat with hopefully by phone or skype that can help me set this up as a business so I dont get into any trouble with the IRS. I sell for clients which I have advertised for and am making enough money where I need to record what I am doing and stay out tof harms way. I am short on cash but do need the help with setting this up. You may contact me through here.

Thank you in advance,

Bruce

You may want to try to locate a Small Business Development Center near you.

https://www.sba.gov/local-assistance/find/?type=Small%20Business%20Development%20Center&address=8563...

The office that I work with is located at my local community college. All of their services are free of charge. They helped me get all of the necessary licences for my business (you will have to pay the fees associated with the licences). My office does not offer tax filing assistance, but they can help you find someone local and trustworthy that can help you.

Good Luck

ripcityresell · ‎02-03-2019

@brucelovestheocean wrote:
Thanks...one never knows unless one puts it out there. Im a firm believer that someone with a good heart and soul might exist in this community and reach out to me. Thanks again.

Sure, I get it, but good heart and soul do not equal business knowledge or tax expertise. You might find someone who is willing to come over to clean your house and do your laundry but that doesn't mean they don't know that you're not supposed to mix ammonia and bleach...

You got some good advice from the others. Hope you find the help you're looking for.