IRS $600 Paypal, Venom

[blazedawg87]

It doesnt matter if you are selling your stuff on here, or on any platform as long as you are not making a profit. If you sell a $1000 item, (watch, golf club, gun, sofa, car, whatever) for equal to or less than you paid for it, the IRS cannot tax you. If you sell it for $1100, they can tax you on the $100 profit you made on it.

The pain in the ass is going to be receipts for all the old crap you decide to sell. Or maybe the IRS will give us a pass like they did with obama care fines and not require documentation.

If you are selling stuff on ebay or etsy, you should have some cost basis, and you can claim that as non-taxable. Again, you will probably need receipts, ie pain in the ass.

This right here is what is so ****ed up. YOU have to PROVE you didnt make money selling YOUR **** that YOU already paid THEM taxes on. Buncha no good lying pieces of smegma dog ****.

 

[NWSharpshooter]

It doesnt matter if you are selling your stuff on here, or on any platform as long as you are not making a profit. If you sell a $1000 item, (watch, golf club, gun, sofa, car, whatever) for equal to or less than you paid for it, the IRS cannot tax you. If you sell it for $1100, they can tax you on the $100 profit you made on it.

The pain in the ass is going to be receipts for all the old crap you decide to sell. Or maybe the IRS will give us a pass like they did with obama care fines and not require documentation.

If you are selling stuff on ebay or etsy, you should have some cost basis, and you can claim that as non-taxable. Again, you will probably need receipts, ie pain in the ass.

Tell them it's from your elicit sex or drug business.

 

[November Sierra]

Tell them it's from your elicit sex or drug business.

Elicit or illicit?

 

[GAGunguy]

This right here is what is so ****ed up. YOU have to PROVE you didnt make money selling YOUR **** that YOU already paid THEM taxes on. Buncha no good lying pieces of smegma dog ****.

yeah and the other thing is it doesnt account for inflation. You buy something and sell it for market value, they should allow some increase in value due to inflation. I see all kinds of bull**** here, and hopefully someone will sue the IRS on all this nonsense.

 

[NWSharpshooter]

Elicit or illicit?

why not both?

 

[joesaxon]

If your going to use the app, just break the payment down into 500 dollar increments over a couple days, under friends and family

 

[l33571]

I've said it once, I'll say it again: IRS can audit this dick

I've been audited more than once. Being audited sucks the gangrenous ass of a 10 day old dead komodo dragon. If you don't comply, they'll simply assume they are right and GARNISH your wages. Good luck with that.

 

[Piglatinhater]

If your going to use the app, just break the payment down into 500 dollar increments over a couple days, under friends and family

Sir, it's not 1 time payments over $600 that flag you, it's a total of $600 over the course of the year. Yeah, that's why we're pissed.

 

[Fatal_Bert]

Thanks for buying the drinks last night!

Here's the money back you loaned me!

Thanks uncle Terry!

 

[Piglatinhater]

I've been audited more than once. Being audited sucks the gangrenous ass of a 10 day old dead komodo dragon. If you don't comply, they'll simply assume they are right and GARNISH your wages. Good luck with that.

Yeah exactly. Unless you're taking cash under the table for 100% of your paycheck, you're getting a chain linked to your pay unless you play the game. P.S., the house always wins. It's rigged that way.

Thanks for buying the drinks last night!

Here's the money back you loaned me!

Thanks uncle Terry!

Itemized receipt or GTFO -IRS

They're not going to fall for peekaboo.