Ebay vs. IRS
 

Coming into work today I heard this on the radio. The IRS wants records from Ebay showing individuals with 100 or more selling transactions or an amount over $ 5000.00 per year, and Ebay is disputing this and does NOT want to give up the information. enjoy guys. Doug https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif https://www.yenko.net/ubbthreads/images/graemlins/bs.gif

Re: Ebay vs. IRS
 

Death and taxes.

The only certainties in the world.

Re: Ebay vs. IRS
 

Check this out:
http://www.wired.com/news/business/0,67035-0.html

Re: Ebay vs. IRS
 

bad link

Re: Ebay vs. IRS
 

If you cut and paste the whole line into your address box, it will come up. Old article from '05.
Try this link for more up to date info:
http://www.auctionbytes.com/cab/abu/...04/abu0140/s02
Or, if you're really bored, type "irs"_"ebay" into google.
You could spend all day trying to get a straight answer.
Bottom line, your dice to roll with the IRS. Remember, they can even tax you for illict income if they find out about it. Just ask Al Capone. https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: Ebay vs. IRS
 

Its not just the IRS.
About five years ago having attended a swap meet near Seattle I was crossing the border to return home and when asked the value of my purchases and I declared the approximate amount. I had to pay some taxes on the amount as it was above my exemption limit for 48 hours. The customs officer asked if I had receipts and I had none explaining it was all purchased at a swap meet and receipts generally are not given. He told me in no uncertain terms that in the future all items purchased at a swap meet must have a receipt or the goods would be confiscated. I was declaring their proper value.

Fast forward to spring 2006 I was returning over the border from picking up about 6 items purchased on ebay. I generally print off my ebay transactions. One item had shipped sooner than expected and I did not have the receipt however I declared at at $100 as I had paid $88.00 plus shipping. The customs office asked for my ebay handle so he could look the invoice. I provided the handle and when I offered the password he said he did not need it as customs had a "law enforcement password to access all accounts". This blew me away. He used his password but could not find the item and he refused to use my password. They again threathened to confiscate the item. I then kooked up the item on my blackberry and showed him the amount I had paid. When I suggested their password did nor provide the right access another Customs office got pissed and said to me "are you suggesting that officer does not know how to use a computer?". It was a loose loose situation. Be honest and declare and they want to make a criminal out of you any way. There are some days when these guys just want to be pricks.

I have my items shipped to a US address as UPS and Fedex do a major rape job on small packages when shipping over the border.

Paul

Re: Ebay vs. IRS
 

Remember State Taxiation as well. Years ago the State Tax guys from NY went to a New Jersey Mall during the holiday season. Wrote down the license plate number to all the NY cars they saw and followed up with a letter to the registered owner of the car reminding them that they had to pay NY sales tax on any items that they purchased out of state and brought back into NY. --- They left it to the integrity of the registered owner to follow up.

Re: Ebay vs. IRS
 

It's just getting worse guys ... Uncle Sam wants his share and eventually he'll get it, one way or another.

With eBay getting so large and the amount of money being exhanged and made as a result it's only a matter of time before they figure out a sure fire way to stick it to us.

Same goes with the sale of our beloved muscle cars ... the IRS is watching the classic car sales and auctions with a very close eye. If you are looking to sell a car and are looking to make a major profit on the sale, contact me there are ways that you can legally get around paying the capital gains tax by taking advantage of the IRS 1031 like-kind exchange law.

Re: Ebay vs. IRS
 

[ QUOTE ]
...The customs office asked for my ebay handle so he could look the invoice. I provided the handle and when I offered the password he said he did not need it as customs had a "law enforcement password to access all accounts". This blew me away....

[/ QUOTE ]

https://www.yenko.net/ubbthreads/imag...emlins/eek.gif https://www.yenko.net/ubbthreads/imag...emlins/eek.gif https://www.yenko.net/ubbthreads/imag...emlins/eek.gif https://www.yenko.net/ubbthreads/imag...emlins/eek.gif https://www.yenko.net/ubbthreads/imag...emlins/eek.gif

https://www.yenko.net/ubbthreads/imag...thumbsdown.gif https://www.yenko.net/ubbthreads/images/graemlins/bs.gif

That is scary as h*ll.

Re: Ebay vs. IRS
 

Im not surprised since it seems that half of nigeria can get your ebay password when they want it also. Its actually simple though, pay taxes on your profits and have no worries. Being a vendor this is actually a good thing because for years weve had to try and compete with people that run businesses and call it a hobby. its hard to compete with sellers that dont pay taxes when most legit businesses are hit around 43%... I dont think a guy with 8500 feedbacks on ebay can call himself a hobbyist.

Re: Ebay vs. IRS
 

ive been predicting this for years,and think its a great thing.

fair is fair.

why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income?

this should end the blatant tax fraud committed by ebayers every day.

Re: Ebay vs. IRS
 

I'm not suggesting someone avoid paying their taxes from eBay sales, the part that concerned me was how LE can access anyones account like that.

"Big brother" watching over us I suppose. https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: Ebay vs. IRS
 

[ QUOTE ]
ive been predicting this for years,and think its a great thing.

fair is fair.

why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income?

this should end the blatant tax fraud committed by ebayers every day.

[/ QUOTE ]
Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!)

https://www.yenko.net/ubbthreads/imag...ns/naughty.gif

Re: Ebay vs. IRS
 

[ QUOTE ]
[ QUOTE ]
ive been predicting this for years,and think its a great thing.

fair is fair.

why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income?

this should end the blatant tax fraud committed by ebayers every day.

[/ QUOTE ]
Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!)

https://www.yenko.net/ubbthreads/imag...ns/naughty.gif

[/ QUOTE ]
Yes but we pay a lot more taxes than our neighbours in general
PJ https://www.yenko.net/ubbthreads/imag...s/headbang.gif

Re: Ebay vs. IRS
 

I wouldn't have as much a problem paying taxes if the gov't was a good steward of your tax dollars. I know any profit I make is not going to go toward fraud, waste or abuse, can't say the same about uncle Sam. I am in the military and despite our best efforts the amount of waste that happens would blow your mind. I think for the most part the majority of folks in the military try and make good use of the taxpayers $$ but beauracracy being what it is there is still an incredible amount of waste that just happens. So if I can avoid giving the IRS $$ I'm going to push the envelope of the tax code. The more you pay the more congress will want, they'll never have enough to satisfy all their interests.

Re: Ebay vs. IRS
 

Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!)

https://www.yenko.net/ubbthreads/imag...ns/naughty.gif

[/ QUOTE ]

No that is because we pay 14% in our province on everything else.We are taxed to death up here compared to the US.
I compare all the time with my brother in West Virginia it is ureal the differences.
With respect to e-bay no used parts should be taxed. New I can see it.

Re: Ebay vs. IRS
 

Does the Canadian government make you pay taxes up there in US dollars like you guys ask for when you sell cars... https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: Ebay vs. IRS
 

[ QUOTE ]
Does the Canadian government make you pay taxes up there in US dollars like you guys ask for when you sell cars... https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

[/ QUOTE ]

We use a "metic" dollar in Canada just like we have gas in liters rather than gallons. Right now our metric dolar is worth about 85cents on your dollar. As far as car parts and cars are concerned we have felt the US dollar is a universal currency that keeps everything even. Call it a modern day auto pact. Given the fact that the rest of the auto industry deals in pesos euros or yen its seems only fair to give our southern neighbours a break and keep one currency for all collector car transactions. This policy will remain in effect right up until our metric dollar exceeds the value of your Yankee/dixie dollar and at that point we will be glad to sell in metric funds.

Regarding the whole housing and tax thing,do you guys still get to write off your mortgage interest up to a certain amount? We dont! When we die our kids dont have to pay taxes on the value of our estate.

It all works out fairly evenly in the end other than the part that really ticks me off is the government wanting $14.00 in taxes on a 40 year old car part that cost me $100.00. While they are collecting money from me someone is smuggling drugs into the country.

Priorities I guess!!

Re: Ebay vs. IRS
 

Or charging us 28.00 on a 100.00 purchase because the seller forgot what the auction closed for and just threw 200 on the declaration slip, or the shipping is included in the value of the item on the slip so we are taxed on the shipping also or the item was shippid UPS us USPS and a broker is hired at a flat rate of $25.00 plus regardless if it is a 10.00 item. I could go on and on.Welcome to Canada. https://www.yenko.net/ubbthreads/images/graemlins/no.gif https://www.yenko.net/ubbthreads/images/graemlins/no.gif

Re: Ebay vs. IRS
 

Guys!

U.S. Treasury Agents went to the Englishtown NJ swap meet
about 5 years ago and actually confiscated several vendors
merchandise due to non payment of taxes from the events.
Actually, they weren't even charging for state or federal
tax and that is what got them screwed.

I too have been preaching this about eBay for several years
now. Once eBay & Paypal became one, there was an automatic
electronic database of auctions, purchase amounts, bank accounts,
you name it. https://www.yenko.net/ubbthreads/images/graemlins/no.gif https://www.yenko.net/ubbthreads/imag...emlins/eek.gif

No where to run and hide anymore. Time to pay up. https://www.yenko.net/ubbthreads/imag...ns/shocked.gif

Re: Ebay vs. IRS
 

The federal government could collect much more revenue from a national sales tax... but then they would have no way of knowing where people really were inside the borders... it is all about the government knowing where you are and what you are doing, how much money you are making... and nothing like the threat of a visit from the Gustoppo to keep the populous in line.

Re: Ebay vs. IRS
 

James,

Only thing in our favor ( as a free people ) is that we are
allowed to posses guns to "defend ourselves". The Gov't is
always semi-worried about a civilian uprising if they get
too far out of control on taxes, regulations, etc.. Why else
do you think we are not allowed to own automatic weapons and
the like. That would be considered superior firepower. https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif

My biggest fear in the attempt to get all handguns, then
long rifles is that once that happens, taxes and regulations
will get out of control. What ability would we have to stop
it then? Vote someone out of office? https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: Ebay vs. IRS
 

Gun ownership is the 2nd ammendment. It is a "right" granted by the constitution just like freedom of speech.

Last time I checked the federal laws - Lawful ownership of an automatic weapon was legal too. You just have to pass the background investigation and pay the tax stamp. No big deal.

Re: Ebay vs. IRS
 

[ QUOTE ]
Gun ownership is the 2nd ammendment. It is a "right" granted by the constitution just like freedom of speech.
Last time I checked the federal laws - Lawful ownership of an automatic weapon was legal too. You just have to pass the background investigation and pay the tax stamp. No big deal.

[/ QUOTE ]

Yes, but the 2nd does not have to say that you have to "register" yourself to own one, which is basically what you are doing when you pay the tax and get checked.

Also, they are passing more and more laws to limit ownership. "Gun Hoarding", ammunition quota's, etc. The argument is where they are attempting to tie the 2nd to hunting, when the intent was civillians being armed to defend against tyrany(sp).

Look at the national guard, once state controlled, are increasingly being federalized and utilized as a national force.

Re: Ebay vs. IRS
 

Wow, this post really belongs in the lounge!!

Re: Ebay vs. IRS
 

Sorry,--NO GUNS ALLOWED IN THE LOUNGE....

Re: Ebay vs. IRS
 

no guns allowed...

that is unless you have a permit https://www.yenko.net/ubbthreads/imag...lins/smile.gif

Re: Ebay vs. IRS
 

[ QUOTE ]
no guns allowed...

that is unless you have a permit https://www.yenko.net/ubbthreads/imag...lins/smile.gif

[/ QUOTE ]

And paid your member fees! https://www.yenko.net/ubbthreads/imag...lins/smile.gif