Paying Taxes On Ebay?

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  • lanclandesigns
    Confirmed User
    • Aug 2003
    • 1372

    #1

    Paying Taxes On Ebay?

    Does anyone actually pay taxes if they sell on ebay....doubt it
    Signature is for sale!

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  • Jon2
    So Fucking Banned
    • Aug 2001
    • 2875

    #2
    Taxes?

    You have to pay them?

    Jon

    Comment

    • Babagirls
      Text Writer
      • Feb 2001
      • 18812

      #3
      thats one the questions i was gonna ask my accountant actually (but havent done yet)..good question.




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      • woj
        <&(©¿©)&>
        • Jul 2002
        • 47880

        #4
        What are "taxes"?
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        • Sparks
          Confirmed User
          • Nov 2004
          • 2466

          #5
          I do with my toy business, but we are power sellers on there and do about 700 auctions a month. We didn't until '02, but got reemed by the IRS. If you aren't selling a whole lot I wouldn't worry about it.

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          • flashfire
            ICQ 1 6 7 8 5 3 4 9 2
            • Feb 2003
            • 13098

            #6
            if you're making big money you better, a few have been busted and they like to make examples out of people, you can always write off everything you own though

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            • Furious_Male
              Doing the grind since 99
              • Oct 2003
              • 16884

              #7
              You should pay taxes on the profit you make. Just like any other business. Profit/Loss.
              Living in Virtual Reality
              Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

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              • azguy
                Confirmed User
                • Nov 2004
                • 5167

                #8
                Isn't paying taxes only something poor people do?

                Comment

                • lanclandesigns
                  Confirmed User
                  • Aug 2003
                  • 1372

                  #9
                  Well, I'm planning on doing a LOT with my rock business.........sucks, never got into taxes before. just got a tax ID also...whats the best way to keep track of the taxes, keep receipts of everything, and invoices etc.?
                  Signature is for sale!

                  ICQ ME 287-017-204

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                  • BuckLover
                    Confirmed User
                    • Feb 2003
                    • 1656

                    #10
                    No!

                    Comment

                    • ztik
                      Confirmed User
                      • Aug 2001
                      • 5196

                      #11
                      Tax evasion = jail time
                      Specialy if you are trying to hide money, you'll get fucked
                      .

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                      • wes
                        Confirmed User
                        • Apr 2002
                        • 3150

                        #12
                        you can hide some money. What I use to do when I was a waiter

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                        • lanclandesigns
                          Confirmed User
                          • Aug 2003
                          • 1372

                          #13
                          i don't care about paying taxes, just not sure how to go about it...................... all thats to it is keeping receipts and track the sales/profits etc........but what is the tax % you take off and shit, im from NYC....im sure its fucking high! anyone know?
                          Signature is for sale!

                          ICQ ME 287-017-204

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                          • pxxx
                            First African GFY Member
                            • Mar 2004
                            • 12114

                            #14
                            All depends on how much money you are making. I would pay it though no matter how much, better be safe than sorry.

                            Comment

                            • lanclandesigns
                              Confirmed User
                              • Aug 2003
                              • 1372

                              #15
                              Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
                              Signature is for sale!

                              ICQ ME 287-017-204

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                              • Furious_Male
                                Doing the grind since 99
                                • Oct 2003
                                • 16884

                                #16
                                Originally posted by lanclandesigns
                                Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
                                Your best bet is to hire a certified accountant.
                                Living in Virtual Reality
                                Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

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                                • Veterans Day
                                  Confirmed User
                                  • Jul 2003
                                  • 8403

                                  #17
                                  Originally posted by lanclandesigns
                                  Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
                                  ya grab an accountant. I do quarterly estimated tax returns. CPA is your best bet, seems your clueless to taxes, so I urge you to contact a CPA
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                                  • xclusive
                                    Too lazy to set a custom title
                                    • Apr 2004
                                    • 35218

                                    #18
                                    I don't sell too much so i pay to keep things on the up and up I believe in being honest in business...

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                                    • TheMob
                                      Confirmed User
                                      • Jan 2003
                                      • 8584

                                      #19
                                      yeah, you better pay them

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                                      • SirSmokeALot
                                        Confirmed User
                                        • Sep 2003
                                        • 1413

                                        #20
                                        Originally posted by Furious_Male
                                        Your best bet is to hire a certified accountant.
                                        Very true, its very hard to fuck the IRS. They'll find you.
                                        :: The Future Is Here... Run Your Car On Water :: Crazy Stupid Odd News ::

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                                        • GatorB
                                          The Demon & 12clicks
                                          • Oct 2001
                                          • 18208

                                          #21
                                          If you make more than $400 in slef-employed imcone per year you are supposed to report it to the IRS. Just remember if you don't the IRS does have the ability to check your bank statments and if you sold $1000's of merchandise the IRS will find out. Ask yourself, are you a legit business person or a flim flam guy? If you're legit, act like it.

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                                          • Screaming
                                            I can change this!!!!!
                                            • Feb 2004
                                            • 18972

                                            #22
                                            i would if you have made any good sum of money, i mean if its like a hundred bucks or less not so much a big deal but if you make a good profit i would

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                                            • feN
                                              Confirmed User
                                              • Aug 2003
                                              • 2547

                                              #23
                                              ebay fees are high enuff, fuck taxes

                                              Comment

                                              • GatorB
                                                The Demon & 12clicks
                                                • Oct 2001
                                                • 18208

                                                #24
                                                Originally posted by feN
                                                ebay fees are high enuff, fuck taxes
                                                Real mature. Hope you like prison. E-bay fees are a BUSINESS EXPENSE, moron. Thus they are tax deductable.

                                                Comment

                                                • 69pornlinks
                                                  Confirmed User
                                                  • Mar 2003
                                                  • 5560

                                                  #25
                                                  Originally posted by GatorB
                                                  Ask yourself, are you a legit business person or a flim flam guy? If you're legit, act like it.
                                                  from what i heard eron (sp) didn;t pay takes for years , but then again who can afford a prez
                                                  It IS what it IS

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