The IRS is charging me for eBay sales

[mydisneylife200]

I received a letter in the mail today from the IRS claiming I owe thousands in taxes for stuff I sold through eBay. 

Anyone else receive a letter like this?? 

If this is the case I think I am done with eBay… I own thousands in collectibles which I purchased from many retailers and paid taxes upon purchasing. I sold stuff on eBay that I no longer wanted to collect with the money gain I purchased other collectible for my current interests.  I think from now on I rather sale through garage sales or on platforms where people meet up and pay cash. 

[assortedcollectibles]

The parasites will always find new ways to extract blood.

[px_455]

I am on the one hand very sorry that you were unprepared for this, on the other it would appear that you are also really uninformed... The bad news is, you can't just have yard sales and consider that "tax free income" any more than you can sell on eaby as such (although I am sure many will try), I have more bad news...
To purchase from a tax evader is not something I would take lightly...
I may buy from those who hold occasional yard sales, however I can not declare expenses where I get no receipt and it has become increasingly difficult to source inventory without obtaining a receipt as far as the IRS is concerned... No receipt means no expenses, and if I can't purchase something that I can deduct as an expense then you can expect your price to decline dramatically...

In other words the buyer pays our taxes. 

The seller just has to raise their prices accordingly.

Eaby facilitates this process greatly.

[px_455]

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@numisnorway wrote:

Taxation is theft.

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If you drive your car on a public highway...

That pavement is paid for with taxpayer's money.

So is the traffic light.

[assortedcollectibles]

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@px_455 wrote:

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@numisnorway wrote:

Taxation is theft.

---

If you drive your car on a public highway...

That pavement is paid for with taxpayer's money.

So is the traffic light.

---

Yes, even the air we breathe is thanks to our altruistic governments. We owe them everything.

[axiombody]

Rainbow dolls we are all talking on topic about original post.  Start a thread if you have a question

[chapeau-noir]

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@assortedcollectibles wrote:

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@px_455 wrote:

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@numisnorway wrote:

Taxation is theft.

---

If you drive your car on a public highway...

That pavement is paid for with taxpayer's money.

So is the traffic light.

---

Yes, even the air we breathe is thanks to our altruistic governments. We owe them everything.

---

We PAID for everything.

Like bad air?  Pretend that somehow gubmint is bad and taxation is 'theft'. 

[fashunu4eeuh]

This thread is several months old now. The majority of respondents are from August.

[5617felix]

Hey man a tax is a tax it doesn't matter if a item is being bought or sold that's why its called

the bull**bleep** tax just think about it the next time you go to vote.

[cherry1205cheryl]

just make $600 and you have to file smh

[dirk12955]

Wrong.    "Just make $600.00 is not correct.      Taking in $600.00 in sales will generate a 1099

The $600.0 can be all profit,   some profit,   No profit,   Or a loss,    Or a total loss.    

$600.00 in sales

Subtract the cost of the goods you sold

Subtract your expenses

What's left over is what you owe taxes on.     

A 1099 does not automatically mean you owe taxes.    It just means the IRS has you on their radar.

[fern*wood]

How about an update.

@mydisneylife200 

[amyandherbert-2008]

me too years ago they said i  owed them $63,000.00 be

time my tax lady got done with them they owed me a nice fat check

[pierre-le-rosko]

Amy & Herb-Just want to get a little clearer on your win with the IRS.Everybody needs a really good tax expert-so how did it go from you guys owing 63K,to the IRS owing you a big,fat,check ? Just want to see so that I can be prepared if/when the time comes.Thanks & Congrats

[kh-sandra]

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread HERE if you wish to continue to discuss this topic.

Thank you for understanding.