 Registering business VS. IRS
Hey guys, First time poster, long time lurker. Really appreciate what this site and u guys have done here. I'm hoping I could get some input here. I'm interested in selling on ebay as a business. I plan on selling non branded goods but I also want to sell vero, about 50/50. As for my questions, come tax time, do I have to report the actual items sold? Also, what can i do to decrease my chances of an audit? And last but not least..What triggers a tax audit and what would they ask for? Any input or advice would be helpful, thanks.
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