Sell $600 or more on eBay? You're gonna need to report that to the IRS...

Here in the Netherlands they plan to trace every transaction more then 100 euro against so called money laundering, such a b.s reason. Big brother is watching your every move. Bunch of communists...

Be careful. “They” are monitoring the attempts to get around the 1099 reporting by people using Friends and Family option on PayPal and Venmo. The big hiring binge at the IRS is to go after the gig economy.

That's what I was thinking.....how is this news?

Exactly why they are pushing for full digital everything. Track, track, and more tracking.

You've never heard of income tax? These rules apply and have applied to anyone operating a business on Ebay. It's nothing new....

You really need to talk to an accountant...there is NOTHING that has changed in any of this. Anyone who PAYS you and files a 1099 is REQUIRED and HAS BEEN REQUIRED to report it to the IRS....it's been that way for decades.

You are simply confused for some reason but why you are makes no sense to me.

You are retarded

If a country is worried about taxes on $600 you know it’s swirling the bowl.

When you or anyone can prove how Trump deliberately "redirected nationalism", I'll listen. What, in fact, has happened is that racial nationalists have come to realize the usefulness of the far more numerous civic nationalists to achieving OUR separatist goals.

"Accelerationalists", and those who believe that encouraging the establishment of a supermax lockdown high surveillance totalilitarian state will somehow make it easier to establish an ethnostate, have not thought things through carefully. If instead the theory is that the status quo will somehow collapse into chaos one day, all I can say is that those who hold that belief don't really know what they're up against.

We either weaken the grip of the globalists or resign ourseves to eventual extinction. The America First/MAGA movement, which is virtually a third party, offers us the best opportunity at the moment to do that.

After that, we can negotiate our separation from the race mixing "patriots".

Reselling some shit that you paid retail for doesn't generate income! It's just selling shit you already had. Most cases will be a loss.

I don't think you guys get what the fuck I'm saying and it's kind of annoying...

The IRS will now require EBAY to report if you sell more than 600. eBay, not you. eBay.

Now do you get what I'm saying?

That is NONE of their fucking business.

Until this, you could get away with maybe not reporting some things but now they will for you.

They're taking control out of your hands.

Cash only sales for me now. Fuck all that.

Wrong, you received $
You are taxed

For quite a few years this policy has been in place.

Prior to this year the cutoff line was 200 sales or $20,000.

Ebay does collect sales tax and does it on behalf of the states to whom Ebay does the remittance.

As has been stated, IF you're running a business the only thing that's changed is the dollar amount at which reporting takes place.

For the casual user? Again, as has been said, if you lost money, i.e. you bought a tennis racket for $200, didn't like it and sold it for $150 there's no tax that'll be due.

Pain in the ass? For some folks, yeah. For most people? Not really.

I agree if you're running a business out of Ebay you should pay taxes like everyone else, but if you're selling personal items that you just don't want anymore or inherited items, I'm not seeing where the IRS has a business charging taxes. I feel that's double taxation at that point.

No, that's how it works. Check our IRS rules on yard sales. Or just keep flinging insults with no substance.

No, there's a cost basis. Whatever you paid on the item is not taxable, only any profit you may have made selling it. This isn't complicated.

Your ignorance is annoying. Several have tried to explain this to you. I have stores on BOTH Ebay and AMAZON.

It is nothing new for the IRS to require someone who is paid by them to notify the IRS of those payments if they exceed $600 annually. It has nothing to do with sales tax, it has EVERYTHING to do with a business filing their taxes.

EBAY, in order to complete its own taxes, has to show monies distributed to others OR the IRS would be requiring them to pay Federal Income taxes on those funds, funds they did not keep but instead sent to those who sell goods on Ebay.

This is ALL a basic business process and as someone who has owned FOUR companies over the last 35 years I will again repeat, this has been a STANDARD PRACTICE that each of my companies was required to adhere to.

A company cannot take a tax credit on it's own federal income tax simply by telling the IRS, Oh we paid X number of dollars out BUT we aren't going to tell you who to. The IRS
would tell that company to pound sand.

Now, this is as far as I'm going to try to help you...if you still don't understand it, it's only because you don't want to for some strange reason.

You didn't read what I said, which is not incorrect.

What I'm saying is the invasiveness of the IRS is getting ridiculous.

I completely understand what you're saying and I also run business.

I'm just stating that it used to be far more than 600. You COULD get away with it before but now they're building provisions within eBay to make sure you can't.

Look I'll be honest. I evade taxes any way I can especially if it's extremely difficult to detect, and you should too.

This is getting ridiculous...

And for what?

Ina"business" you have paperwork to prove you bought the widget for $10.00 each and you sold each one for $11.00 a profit of $1/unit - your federal deductions for home office space; business car mileage, state taxes paid on said inventory..employees salary so the profit is reduced to -$300/unit item(a loss)..

No taxes owed. When people claim "corporations don't pay taxes"; this is why.


And why starting and running a (profitable) business is difficult in America,

Not Daddy Gov. and no, it isn’t sales tax. It’s self employment income that they are taxing you for, with a 1099 that you’ll have to submit with your tax return. This change in income standards for online sales was part of the Covid relief package of 2020. Don’t blame Biden! Lol

But, it does need to be fixed. Just fucking outrageous that we can’t sell off unwanted personal property.

You are beyond ridiculous. Any company paying someone $600 or more in 1099 income has been required, repeating myself, by the IRS to notify them of those amounts for DECADES (Ebay Included)...what the hell do you think a 1099 is? It is letting you (the payee) know the payor (Ebay in this case) has notified the IRS of your income. Again, I OWN a farking EBAY store...have for YEARS.

Remain obtuse...you are inventing in your mind some new power or intrusion into your life of the IRS that is simply not true...I'm done with you.

Last Edited by FeedYourHead on 11/23/2022 09:42 PM

That's why I use offerup. No more online payments that ebay and paypal take exorbitant fees from. Just a face to face transaction and big brother cannot prove any money actually changed hands.

That is, until the 87,000 IRS goons start setting up accounts on sites like this to lure people into their trap.

You're very sensitive

I've never received a 1099 from eBay

Nope. These insane fuckers aren't going to tax my already taxed income one damn bit. This is pure and simple corruption. Where do you think they will get the next 24 billion dollars to give to Ukraine? Yep, from US taxpayers. Don't fall for this bullshit. Let these fuckers come after you. I'm ready, are you?

You sick fucks WILL have to surround me and take me. Not putting up with this insanity

Any pussy glowies wanna respond? Let's fucking go

Like I thought.

Fuck you IRS glowies go fuck yourselves. we ain't paying shit

C'Mon Man, the big guy needs his 10%.

Ebay will report because they have too. I don't have to count it as income because it is not income.

In fact, any document stating that the money I get from selling my old stuff is income is a falsified document.

I already paid tax on my earnings that I used to buy the stuff and I also paid sales tax.

I will not be claiming any of that as income, they can audit me if they want and I'll see them in court.

And if that fails...WAR it is.