http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/ Paying taxes is painful... but reading about them shouldn't be. Sun, 12 Feb 2012 17:55:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/comment-page-1/#comment-18228 Obamacare’s Stealth Assault on Small Business | FrumForum | Rediffer.Com Thu, 29 Jul 2010 14:17:40 +0000 http://www.taxgirl.com/?p=4400#comment-18228 [...] See http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/ [...] [...] See http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/ [...]

]]> http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/comment-page-1/#comment-15164 Ebay Will Soon Be A Tax Concern! « Extra Innings – When 9 Isn’t Enough! Mon, 15 Mar 2010 17:50:26 +0000 http://www.taxgirl.com/?p=4400#comment-15164 [...] Ebay Will Soon Be A Tax Concern! By threeofakindcards This weekend I started to read blogs about what my tax accountant would soon be an inevidible -> The IRS is coming after income made on ebay (see proposed form below). Starting with 2011, Paypal and other third party merchants will be required to report to the IRS details on any seller that pulls in more than $20,000 in sales/year and has more than 200 transactions in the same year. If you don’t meet one of theses pre-requisutes then nothing is required. In baseball card terms, this means if you sold your Mantle rookie card for $30k and that was the only sale on ebay you had all year…lucky you, no reporting to the IRS! The big guys who rip and flip all year will obviously have to report their paypal transactions thanks to this rule. Articles here: Article on Auction Bytes Taxgirl [...] [...] Ebay Will Soon Be A Tax Concern! By threeofakindcards This weekend I started to read blogs about what my tax accountant would soon be an inevidible -> The IRS is coming after income made on ebay (see proposed form below). Starting with 2011, Paypal and other third party merchants will be required to report to the IRS details on any seller that pulls in more than $20,000 in sales/year and has more than 200 transactions in the same year. If you don’t meet one of theses pre-requisutes then nothing is required. In baseball card terms, this means if you sold your Mantle rookie card for $30k and that was the only sale on ebay you had all year…lucky you, no reporting to the IRS! The big guys who rip and flip all year will obviously have to report their paypal transactions thanks to this rule. Articles here: Article on Auction Bytes Taxgirl [...]

]]> http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/comment-page-1/#comment-15161 IRS Wants Online Merchants to Report Online Revenue Beginning 2011 | KEYTLaw Mon, 15 Mar 2010 15:17:06 +0000 http://www.taxgirl.com/?p=4400#comment-15161 [...] that banks and credit card merchants to report payments to the IRS. . . . . What this means is that taxpayers who have a credit card merchant account, Paypal account or similar account and otherwise m... from their service provider at the end of the year.  The form 1099-K will report the gross amount [...] [...] that banks and credit card merchants to report payments to the IRS. . . . . What this means is that taxpayers who have a credit card merchant account, Paypal account or similar account and otherwise m… from their service provider at the end of the year.  The form 1099-K will report the gross amount [...]

]]> http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/comment-page-1/#comment-13161 Thursday Links: Christmas Trees; Taxes; The End of SEO | Slush Sat, 19 Dec 2009 05:19:35 +0000 http://www.taxgirl.com/?p=4400#comment-13161 [...] New IRS regs taking effect next year could hit “bloggers, etsy sellers, affiliates, eBay merchants and other small businesses” if they don’t report online income from credit cards, Taxgirl writes. [...] [...] New IRS regs taking effect next year could hit “bloggers, etsy sellers, affiliates, eBay merchants and other small businesses” if they don’t report online income from credit cards, Taxgirl writes. [...]

]]> http://www.taxgirl.com/online-merchants-brace-for-new-reporting-requirements/comment-page-1/#comment-13140 Tweets that mention Online Merchants Brace for New Reporting Requirements | taxgirl -- Topsy.com Wed, 16 Dec 2009 17:11:23 +0000 http://www.taxgirl.com/?p=4400#comment-13140 [...] This post was mentioned on Twitter by Jan Tamanini and TaxNewz, Bob Mulé. Bob Mulé said: Online Merchants Brace for New Reporting Requirements | taxgirl http://ow.ly/MD27 - A gotcha who PayPal merchants? Read on. [...] [...] This post was mentioned on Twitter by Jan Tamanini and TaxNewz, Bob Mulé. Bob Mulé said: Online Merchants Brace for New Reporting Requirements | taxgirl http://ow.ly/MD27 – A gotcha who PayPal merchants? Read on. [...]

]]>