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I know its been done before but I have specific questions Amazon Paypal 2011 Taxes
 

Ok I know similar questions have been asked before but I have a few and I am hoping someone can help or stear me in the right direction.

Ok first question is
1) I have a legit amazon account all in my own info, and I sell legit toy items. Probably is I do not make very much. About $2 or $3 an item which whatever money is money. I sold say about 2,000 or so items. No retail wise and GROSS income is close to $60,000 but I seriously only made like $5,000. I am planning on going to a tax professional this year ( I usually do my own taxes online have for years) But my questions is since Amazon is reporting to the IRS that I made around $60K wont me only claiming that I made around $5k profit look weird or suspicious? I mean I in no means want the IRS focusing on me. LOL I would be able to prove the income and deductions and stuff with online receipts and so on but I have not kept track cause I am horrible and well stupid so it would take me probably over a month to get everything together.

And my second question is:
2) I have a few Ebay /PP stealth accounts. Obviously not in my own name. But I was living in a different state for a few months last year with someone I know and I was able to use that address. Well I thought I had been good and stayed under the $20k mark but ERRRRR Wrong! I was just told by this person I got a 1099 from PP for the account. So obviously I have to report the income cause it is on a form and will be reported to the IRS. However my point and question is, with it not having my legal name on it (actually has my ebay user id on it) how would I go about claiming this as my income?

and last but not least my money has been really tight and I have a few small time I mean small time stealth accounts that make hardly any money maybe like $1000 for the whole year. I know I wont get a 1099 for them but I like to claim everything. If I do not claim on these accounts will it some how get back to the IRS? I am talking about like 3 accounts and basically the sales volume of someone doing 4 or 5 yard sales in one year.

I appreciate everyones help advice opinions!! I want them all!! Thank you

I appreciate the manner in which you posed your questions.

TBF they are nothing but a variation of the same ones asked by others.

In all fairness to you you have presented a picture of intricate business dealings.

Your ONLY recourse is to take professional tax advice.

I have previously given this advice to users who have successfully sorted their taxes.

I wish you the same luck.

I remind you that tax advice is beyond the forum's resposibilites. :peace: