Quote:
Originally Posted by SallyRand
Yes, you can be taxed on monies paid to you through your ePass account, even though you did not actually personally receive it, at least in the USA. This is an odd bit of twist in US law and may be found elsewhere also.
Just sayin'.
Sally.
|
It's not odd, it's standard. You're taxed on the profits derived from sales regardless of how you received the money.
What I'm saying is that if the money in your ePass account is lost that itself constitutes a loss to the business, reducing taxable profits.