IRS Wants Access to eBay Seller Data - GoFuckYourself.com - Adult Webmaster Forum

X

u-Bob

there's no $$$ in porn

Join Date: Jul 2005

Posts: 33063
Share

Post
#1

IRS Wants Access to eBay Seller Data

02-28-2007, 04:32 AM

Beginning in 2008, the federal government has proposed that auction houses like eBay report any customer who carries out more than 100 transactions above $5,000 USD. The law is being proposed because many are not reporting income from such sources.

Under the current scheme, there is no way that the federal government can monitor the auction incomes of sellers without actually checking the auctions themselves. Under the new rule, the responsibility to report would fall on the auction company.

http://www.betanews.com/article/IRS_...ata/1172519585
Tags: None
jact

Confirmed User

Join Date: Sep 2002

Posts: 9134
Share

Post
#2

02-28-2007, 04:34 AM

It's the way it's all going.. Eventually they'll have to raise their rates to huge numbers just to accommodate the new departments devoted simply to ratting everyone out.

Free agent
Comment
spacedog

Yes that IS me. Bitch.

Join Date: Nov 2001

Posts: 14149
Share

Post
#3

02-28-2007, 04:36 AM

Fucking scumbags they are..

I pay tax on my income,, then spend that income on shit.. so now if I want to sell some of that shit, i get taxed on money I already got taxed on before spending it, so if I make a sale, I'm getting spent taxed money back to be retaxed again.
Comment
junction

Confirmed User

Join Date: Dec 2002

Posts: 2411
Share

Post
#4

02-28-2007, 05:53 AM

Originally posted by spacedog

Fucking scumbags they are..

I pay tax on my income,, then spend that income on shit.. so now if I want to sell some of that shit, i get taxed on money I already got taxed on before spending it, so if I make a sale, I'm getting spent taxed money back to be retaxed again.

Well fucking said.
Comment
Probono

Confirmed User

Join Date: Oct 2002

Posts: 2731
Share

Post
#5

02-28-2007, 10:05 AM

Originally posted by spacedog

Fucking scumbags they are..

I pay tax on my income,, then spend that income on shit.. so now if I want to sell some of that shit, i get taxed on money I already got taxed on before spending it, so if I make a sale, I'm getting spent taxed money back to be retaxed again.

Then your income from Ebay would not be taxable under US tax laws. They are looking for all the "businesses" on ebay not the average user that is why the numbers are the way they are

"customer who carries out more than 100 transactions above $5,000 USD"
Comment
Kimo

...

Join Date: Jan 2006

Posts: 11542
Share

Post
#6

02-28-2007, 10:13 AM

that is mad gay

...
Comment
Shoehorn!

Die With Your Boots On

Join Date: Oct 2003

Posts: 22872
Share

Post
#7

02-28-2007, 10:26 AM

I know a few people who are going to be fucked when this happens.
Comment
Sinstar

Confirmed User

Join Date: Mar 2006

Posts: 1206
Share

Post
#8

02-28-2007, 10:37 AM

I'm not supprised at all.
Comment
woj

<&(©¿©)&>

Join Date: Jul 2002

Posts: 47880
Share

Post
#9

02-28-2007, 10:41 AM

Originally posted by Kimo

that is mad gay

They just want ebay businesses to pay their taxes... What am I missing?

Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager
Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager
Comment
DaddyHalbucks

A freakin' legend!

Join Date: Feb 2004

Posts: 18975
Share

Post
#10

02-28-2007, 10:46 AM

Hahahaha, the party's over.

Boner Money
Comment
96ukssob

So Fucking Banananananas

Join Date: Mar 2003

Posts: 12991
Share

Post
#11

02-28-2007, 10:47 AM

BS! they should have to pay taxes on all transactions

If we have to pay taxes (US above $600 anually) then so should they.

Email: Clicky on Me
Comment
RawAlex

So Fucking Banned

Join Date: Oct 2003

Posts: 9465
Share

Post
#12

02-28-2007, 11:22 AM

Alternately, the government could require all EBAY sellers to have a business license, and have EBay provide a list of sales / revenue for each company each year.
Comment
crockett

in a van by the river

Join Date: May 2003

Posts: 76818
Share

Post
#13

02-28-2007, 11:41 AM

Originally posted by spacedog

Fucking scumbags they are..

I pay tax on my income,, then spend that income on shit.. so now if I want to sell some of that shit, i get taxed on money I already got taxed on before spending it, so if I make a sale, I'm getting spent taxed money back to be retaxed again.

It's called double dipping and our tax laws seems to take great advantage of it. I've always supported just a simple flat tax, would make things much more fair for everyone and much simpler.

In November, you can vote for America's next president or its first dictator.
Comment
JMM

Confirmed User

Join Date: Apr 2001

Posts: 1755
Share

Post
#14

02-28-2007, 12:00 PM

Originally posted by Probono

Then your income from Ebay would not be taxable under US tax laws. They are looking for all the "businesses" on ebay not the average user that is why the numbers are the way they are

"customer who carries out more than 100 transactions above $5,000 USD"

Not true.

Even though ebay is not required to report the smaller numbers, you as a tax payer are required to report it.

If you open an ebay account, sell your 3 pairs of skinny jeans for $10 each, then close your account you are required to report that income.

Freedom isn't free.
Comment
kane

Too lazy to set a custom title

Join Date: Aug 2001

Posts: 20684
Share

Post
#15

02-28-2007, 12:28 PM

From what I have been told if you sell anything on ebay for a profit you have to report it. So If I bought a book for $2 at my local store, read it then sold it on ebay for $3 I have to pay taxes on that $1 in profit. I would imagine there are a lot of people that buy and sell a lot of stuff and don't ever report the income.

My all time favorite moment involving ebay was back in around 2001-2002 when the economy was really in the shitter and Dick Cheney actually said that it wasn't as bad as people thought because of ebay. He said, "That's a source that didn't even exist 10 years ago," Cheney told an audience in Cincinnati on Thursday. "Four hundred thousand people make some money trading on eBay."

Classic.
Comment

Previous template Next

Working...