|
11-18-2017
| Junior Member | | Join Date: Nov 2017
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 37% | | Selling on Ebay, do I have to pay tax?
Hello, I am interested in selling digital products on ebay, like ebook.
I don't live in USA, but my friend lives there and he says he will open a separate bank account and make paypal and let me use it for this purpose.
My question is = If I receive money from ebay sales in paypal, is there any income tax on it? Is stealth ebay/paypal account any different in this matter?
I don't want to put my friend in any trouble, I am very confused, please guide!
|
The complete step-by-step guide to get back to selling today!
| |
11-18-2017
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: Selling on Ebay, do I have to pay tax?
Lordy,Lordy.
Someone shoot me.
I have to go.
Friend
Ebooks
Taxes
Guidance.
Too painful. |
11-18-2017
| Senior Member | | Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0% Longevity: 38% | | Re: Selling on Ebay, do I have to pay tax?
I'm drinking tonight, I better just log off this site right now! | The Following User Says Thank You to ebaystealth1974 For This Useful Post: | |
11-18-2017
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,088
Thanks: 5,945
Thanked 8,937 Times in 8,228 Posts
Activity: 100% Longevity: 83% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk
My question is = If I receive money from ebay sales in paypal, is there any income tax on it? Is stealth ebay/paypal account any different in this matter?
I don't want to put my friend in any trouble, I am very confused, please guide! | Tax advice is best received from a financial professional. Tax and legal advice are not what this forum is about.
|
11-18-2017
| Junior Member
Threadstarter  
| | Join Date: Nov 2017
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 37% | | Re: Selling on Ebay, do I have to pay tax?
I am sorry if this is a newbie question, im new to all this. we all got to start somewhere right?
The only concern i have is that is the income that I get from sales will be taxed? or is online selling exempted?
Once again, my apologies if I shouldn't be asking this but I seriously want to learn how things work.
|
11-18-2017
| Senior Member | | Join Date: Jun 2016
Posts: 185
Thanks: 2
Thanked 21 Times in 18 Posts
Activity: 0% Longevity: 45% | | Re: Selling on Ebay, do I have to pay tax?
no its fine, just let your friend under his name receive money and send it to you.
Thats not money laundering its just friendship
| The Following User Says Thank You to dennis82 For This Useful Post: | |
11-19-2017
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by dennis82 no its fine, just let your friend under his name receive money and send it to you.
Thats not money laundering its just friendship | More bull from you. Dennis. Are you trained in USA tax laws or just full of bull.
Try to avoid making statement that are LIES. |
11-19-2017
| | Executive [VIP] | | Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0% Longevity: 96% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk I am sorry if this is a newbie question, im new to all this. we all got to start somewhere right?
The only concern i have is that is the income that I get from sales will be taxed? or is online selling exempted?
Once again, my apologies if I shouldn't be asking this but I seriously want to learn how things work. | OK, you are very wise to ask the question.
No, online selling is not exempt from taxes. If your friend takes monies for you, he becomes responsible for the money.
This is one reason, we advise not to use friends info.
Can you answer this question for me,please. Does your friend come from your community? |
11-19-2017
| | Banned | | Join Date: Mar 2015
Posts: 3,138
Thanks: 44
Thanked 667 Times in 486 Posts
Activity: 0% Longevity: 52% | | Re: Selling on Ebay, do I have to pay tax? |
11-19-2017
| Junior Member
Threadstarter  
| | Join Date: Nov 2017
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 37% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by GreenBean OK, you are very wise to ask the question.
No, online selling is not exempt from taxes. If your friend takes monies for you, he becomes responsible for the money.
This is one reason, we advise not to use friends info.
Can you answer this question for me,please. Does your friend come from your community? | Thanks for the input. Yes, my friend is from my community but it has been a long time since he migrated permanently to USA, more than a few years.
So is there like a certain threshold after which the tax starts or is it applicable no matter how little your selling business is? And even if you sell virtual things, no physical items? Honestly all I want is to make 3-400$ month in the start and i will be happy!
|
11-22-2017
| Junior Member | | Join Date: Nov 2017
Posts: 11
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 37% | | Re: Selling on Ebay, do I have to pay tax?
I think not
|
11-27-2017
| Junior Member | | Join Date: Nov 2017
Posts: 10
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0% Longevity: 37% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk Hello, I am interested in selling digital products on ebay, like ebook.
I don't live in USA, but my friend lives there and he says he will open a separate bank account and make paypal and let me use it for this purpose.
My question is = If I receive money from ebay sales in paypal, is there any income tax on it? Is stealth ebay/paypal account any different in this matter?
I don't want to put my friend in any trouble, I am very confused, please guide! | If it's not big money, just don't think about it. For turnover you can pay tax, but also there is some ways to avoid it, i mean pay less tax.
|
12-27-2017
| Junior Member | | Join Date: Dec 2017
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 36% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk Hello, I am interested in selling digital products on ebay, like ebook.
I don't live in USA, but my friend lives there and he says he will open a separate bank account and make paypal and let me use it for this purpose.
My question is = If I receive money from ebay sales in paypal, is there any income tax on it? Is stealth ebay/paypal account any different in this matter?
I don't want to put my friend in any trouble, I am very confused, please guide! | If you live outside US the answer is simply... No you don't have to.
Sent from my LGLS676 using Tapatalk
|
01-23-2018
| Junior Member | | Join Date: Aug 2017
Posts: 11
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 38% | | Re: Selling on Ebay, do I have to pay tax?
Your income is reported once you receive more than 20k or have over 200 transactions. Otherwise, it's kinda like a yard sale, your suppose to pay taxes oni it, but whose gonna know if you don't tell them.
|
01-27-2018
| Junior Member | | Join Date: Jan 2018
Posts: 20
Thanks: 1
Thanked 2 Times in 2 Posts
Activity: 0% Longevity: 36% | | Re: Selling on Ebay, do I have to pay tax?
You make money, the government wants it's cut for facilitating your entire existence.
|
09-10-2018
| Junior Member | | Join Date: Sep 2018
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 32% | | Re: Selling on Ebay, do I have to pay tax?
Its every government policy, and its different from other if govt has policy to charged tax or not. I think you should have to check with your government.
|
09-11-2018
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,088
Thanks: 5,945
Thanked 8,937 Times in 8,228 Posts
Activity: 100% Longevity: 83% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by younusure78 Its every government policy, and its different from other if govt has policy to charged tax or not. I think you should have to check with your government. | Interesting analysis
| The Following User Says Thank You to rsot For This Useful Post: | |
09-17-2018
| Junior Member | | Join Date: Sep 2018
Posts: 54
Thanks: 3
Thanked 2 Times in 2 Posts
Activity: 0% Longevity: 32% | | Re: Selling on Ebay, do I have to pay tax?
If you live outside of the US you donīt have to pay taxes. Just do it! like the nike sign lol
|
09-17-2018
| Senior Member | | Join Date: Sep 2011
Posts: 3,126
Thanks: 11
Thanked 761 Times in 582 Posts
Activity: 0% Longevity: 73% | | Re: Selling on Ebay, do I have to pay tax?
I've never seen so much BAD, crappy, useless, stupid, insane advice in one thread.
If you make money you pay taxes on it
It doesn't require an 'expert' to know that.
Either you're going to pay them or your 'friend' is. Somebody is going to pony up, eventually.
|
09-17-2018
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 49% | | Re: Selling on Ebay, do I have to pay tax?
I'm afraid your efforts are futile since the dude has been gone for months.
The guy above rsot's hilarious reply revived the thread for the post count I guess.
__________________ ____________ _______ ___ | The Following User Says Thank You to phaz0rz For This Useful Post: | |
09-17-2018
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,092
Thanks: 2,430
Thanked 5,199 Times in 3,996 Posts
Activity: 27% Longevity: 63% | | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by Leothebusinessman87 If you live outside of the US you donīt have to pay taxes. Just do it! like the nike sign lol | That is about the worst advise I have seen to date....
|
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | |