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Originally Posted by nkwatch lol.. but I'm selling $2000 items, I sell 2 items i reach my limit =( + buyers don't really pay that much for low feed sellers | Why cant you hit 20K? You have to pay up on taxes regardless of the 20K. That is just when paypal is required to report it. YOU are required to report every dollar.
You guys need to deal with your taxes and quit doing this tax free. You are not getting anything sympathy wise from me. The IRS will catch up to you whether you are stealth or not. Just watch. This tax evasion is really getting near figured out on these online auctions.
The IRS isnt going to keep letting Billions of dollars in taxes go by and not do anything.
ALL I can say is pay up and do your part. You would be surprised at how fast you can nuetralize 20k in gross sales to where you have to pay little or nothing anyway.
__________________ KingRay |