| aspfrk | 11-18-2017 07:39 PM | 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! |
GreenBean | 11-18-2017 07:41 PM | 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.
:faint: |
ebaystealth1974 | 11-18-2017 07:57 PM | Re: Selling on Ebay, do I have to pay tax? I'm drinking tonight, I better just log off this site right now! :lol: |
Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk
(Post 885484)
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. |
aspfrk | 11-18-2017 09:01 PM | 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. |
dennis82 | 11-18-2017 11:03 PM | 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 |
GreenBean | 11-19-2017 01:34 AM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by dennis82
(Post 885531)
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.
:mad: |
GreenBean | 11-19-2017 01:40 AM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk
(Post 885517)
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?
:peace: |
empirestate | 11-19-2017 02:14 AM | Re: Selling on Ebay, do I have to pay tax? |
aspfrk | 11-19-2017 02:31 AM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by GreenBean
(Post 885544)
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?
:peace: | 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! |
Khan1 | 11-22-2017 08:54 AM | Re: Selling on Ebay, do I have to pay tax? I think not |
maza_haka | 11-27-2017 01:02 PM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk
(Post 885484)
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. |
kodee | 12-27-2017 02:09 PM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by aspfrk
(Post 885484)
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 |
Jturner1 | 01-23-2018 06:52 AM | 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. |
JackMoney | 01-27-2018 07:51 AM | Re: Selling on Ebay, do I have to pay tax? You make money, the government wants it's cut for facilitating your entire existence. |
younusure78 | 09-10-2018 02:18 AM | 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. |
Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by younusure78
(Post 942776)
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 |
Leothebusinessman87 | 09-17-2018 02:43 PM | 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 |
dallis | 09-17-2018 02:59 PM | 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. |
phaz0rz | 09-17-2018 03:07 PM | 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. |
JamesNorth101 | 09-17-2018 03:09 PM | Re: Selling on Ebay, do I have to pay tax? Quote:
Originally Posted by Leothebusinessman87
(Post 944368)
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.... | All times are GMT -5. The time now is 05:59 PM. | |
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