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New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !
Attention all you Ebay sellers- this is one proposal you may want to
get behind- Bush may ask for a law to be passed, whereby Ebay sales would come under the IRS tax umbrella- and Ebay would actually issue a statement, similar to a W-2 or 1099 form, showing total sales and total transactions for each seller on Ebay per year. Now the good part- all sales under $5000 per year, or under 100 transactions per year, would be exempt ! This is a WIN-WIN for most small Ebay sellers- and basically a $5000 tax shelter for the average guy/gal selling on Ebay. Reason- most Ebay sellers fall under that amount of sales, and would be considered exempt ! If you sell on Ebay and are claiming $5000 or less in gross sales currently, it would all become TAX FREE ! You would no longer have to claim it !! "W" would basically be giving us all a $5000 tax deduction every year, on sales of used household goods !! Check it out: http://arstechnica.com/news.ars/post...merge-on-irs-p... Details emerge on IRS plans to tax eBay auctions By Nate Anderson | Published: May 15, 2007 - 11:55PM CT Changes are contained in the President's 2008 budget proposal. Instead of targeting only Internet auction sites, the current proposal actually expands the definition of a "broker" to include middlemen that don't actually function as the customer's agent in a transaction-- like eBay, for instance. Brokers currently need to file a form with the IRS that gives the name, address, and gross proceeds of each customer they work for; under the new proposal, many more companies would need to do the reporting. The Treasury Department wants the change because, as the budget request notes, "compliance increases significantly for amounts that a third party reports to the IRS." But this isn't a change that will apply to all eBay sellers; in fact, most will be exempt from the new reporting requirements. Internet auction sites will only be required to report customer revenue information if the customer does more than 100 separate transactions in a fiscal year and generates more than $5,000 in gross proceeds. In a report from the Information Reporting Program Advisory Committee (part of the IRS), the new proposal is supported by a 2005 study showing that over 700,000 Americans have a primary or secondary source of income through eBay. |
#2
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New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !
On Dec 13, 6:57 pm, trippin-2-8-track wrote:
Attention all you Ebay sellers- this is one proposal you may want to get behind- Bush may ask for a law to be passed, whereby Ebay sales would come under the IRS tax umbrella- and Ebay would actually issue a statement, similar to a W-2 or 1099 form, showing total sales and total transactions for each seller on Ebay per year. Now the good part- all sales under $5000 per year, or under 100 transactions per year, would be exempt ! This is a WIN-WIN for most small Ebay sellers- and basically a $5000 tax shelter for the average guy/gal selling on Ebay. Reason- most Ebay sellers fall under that amount of sales, and would be considered exempt ! If you sell on Ebay and are claiming $5000 or less in gross sales currently, it would all become TAX FREE ! You would no longer have to claim it !! "W" would basically be giving us all a $5000 tax deduction every year, on sales of used household goods !! Check it out: http://arstechnica.com/news.ars/post...merge-on-irs-p... Details emerge on IRS plans to tax eBay auctions By Nate Anderson | Published: May 15, 2007 - 11:55PM CT Changes are contained in the President's 2008 budget proposal. Instead of targeting only Internet auction sites, the current proposal actually expands the definition of a "broker" to include middlemen that don't actually function as the customer's agent in a transaction-- like eBay, for instance. Brokers currently need to file a form with the IRS that gives the name, address, and gross proceeds of each customer they work for; under the new proposal, many more companies would need to do the reporting. The Treasury Department wants the change because, as the budget request notes, "compliance increases significantly for amounts that a third party reports to the IRS." But this isn't a change that will apply to all eBay sellers; in fact, most will be exempt from the new reporting requirements. Internet auction sites will only be required to report customer revenue information if the customer does more than 100 separate transactions in a fiscal year and generates more than $5,000 in gross proceeds. In a report from the Information Reporting Program Advisory Committee (part of the IRS), the new proposal is supported by a 2005 study showing that over 700,000 Americans have a primary or secondary source of income through eBay. just emailed to Rush Limbaugh, to be broadcast nationwide to millions of listeners this week, nationwide see what being a dumb ass gets you, DeserTBob ? |
#3
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New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !
see what being a dumb ass gets you, DeserTBob ?
dBob wields that much clout? Impressive. |
#4
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New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !
On Dec 13, 8:41 pm, "William W Western"
wrote: see what being a dumb ass gets you, DeserTBob ? dBob wields that much clout? Impressive. the only clout he yields, is on his own pecker... |
#5
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New Bush proposal won't pass Congress...fraudstering eBayers up for audits
On Fri, 14 Dec 2007 01:41:10 GMT, "William W Western"
wrote: see what being a dumb ass gets you, DeserTBob ? dBob wields that much clout? Impressive. snip Of course! From where do you think that big crease in Noodles' skull came? It's from me bashing him endlessly, enough to have permanently modified his head. No worries...nothing in there, anyway. |
#6
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New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !
On Thu, 13 Dec 2007 16:11:24 -0800 (PST), trippin-2-8-track
wrote: On Dec 13, 6:57 pm, trippin-2-8-track wrote: Attention all you Ebay sellers- this is one proposal you may want to get behind- Bush may ask for a law to be passed, snip You really think Congress will pass ANYTHING Bush wants? Surely you can't be serious.... He IS serious...and don't call me Shirley! |
#7
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New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !
On Dec 15, 11:26 am, DeserTBoB wrote:
On Thu, 13 Dec 2007 16:11:24 -0800 (PST), trippin-2-8-track wrote: On Dec 13, 6:57 pm, trippin-2-8-track wrote: Attention all you Ebay sellers- this is one proposal you may want to get behind- Bush may ask for a law to be passed, snip You really think Congress will pass ANYTHING Bush wants? Surely you can't be serious.... He IS serious...and don't call me Shirley! To all who may read this at any future date: Everything "DeserTBob" is saying, is a complete falsehood. "DeserTBob" is an unemployed illegal alien from California. He was a former Bell Systems employee who was fired from his job- he faked an injury to get disability- so now he sits home and trolls the internet, harassing people- for lack of anything else constructive to do. "DeserTBob" bought 2 items from "66fourdoor" on Ebay at one time. One was an 8-track alignment tape- the other was a VHS movie tape. "DeserTBob" was unhappy with the items, the seller agreed willingly to issue a full refund, once the items were returned. "DeserTBob" returned the alignment tape and received a full $40 refund. "DeserTBob" kept the VHS tape because in reality, there was nothing wrong with either item- and the movie tape was a rare out of print movie, otherwise unavailable. (it has since been re-released on DVD). The returned alignment tape was later resold to another buyer on Ebay, who left positive feedback for it. "DeserTBob" then left a negative feedback for the seller, even though he got a full refund- "DesertBob" has continued to harass the seller and seller's family ever since, for over 3 years now. This is nothing new to "DeserTBob"- rather, it's way of life for him- he also purchased (8) tapes from another seller for ONE CENT each, only to leave the seller 8 negative feedbacks, stating "not worth a penny". Eventually a large quantity of complaints started flooding Ebay, concering "DeserTBob" and his auction harassment. Ebay then banned Bob's Ebay username, which was "VOXPOPPER". "DeserTBob" then returned to Ebay using a second name, calling himself "XCALIBER44"- and started once again harassing Ebay sellers' auctions. He was again reported to Ebay, and "XCALIBER44" was also banned. These current slander/libel against Ebay sellers by "DeserTBob" are completely unfounded- if you check the seller's feedback, you'll find they have 99.9% positive feedback, with only 2 negatives in 6 years. "DeserTBob" simply has an axe to grind, for being banned from Ebay himself. Furthermore, "DeserTBob" is decidedly anti-American, anti-USA, hates the military, and is basically a socialist-communist-liberal left- wing kook. He fears and despises anyone religious in any way, and he also doesn't believe in God. "DeserTBob" once posted a comment on Usenet that said "**** Christmas". He can't accomplish anything himself, so he tears down other good Americans who are out there, trying to make a living. He goes through a yearly holiday depression and attacks everyone on the internet moreso during holiday seasons- he has no family to speak of, and obviously suffers from not being loved by his mother enough, as a child. |
#8
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New IRS program will improverish Charlie III and Cheryl as Noodles goes to prison
On Sat, 15 Dec 2007 11:40:54 -0800 (PST), trippin-2-8-track
wrote: On Dec 15, 11:26 am, DeserTBoB wrote: On Thu, 13 Dec 2007 16:11:24 -0800 (PST), trippin-2-8-track wrote: On Dec 13, 6:57 pm, trippin-2-8-track wrote: Attention all you Ebay sellers- this is one proposal you may want to get behind- Bush may ask for a law to be passed, snip You really think Congress will pass ANYTHING Bush wants? Surely you can't be serious.... He IS serious...and don't call me Shirley! To all who may read this at any future date: snip Charlie Nudo is a mental case suffering from paranoid delusions and various personality disorders. See: http://nudowatch.blogspot.com ....for more on this longtime eBay fraudster and Usenet pest. |
#9
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New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !
On Dec 13, 6:57 pm, trippin-2-8-track wrote:
Attention all you Ebay sellers- this is one proposal you may want to get behind- Bush may ask for a law to be passed, whereby Ebay sales would come under the IRS tax umbrella- and Ebay would actually issue a statement, similar to a W-2 or 1099 form, showing total sales and total transactions for each seller on Ebay per year. Now the good part- all sales under $5000 per year, or under 100 transactions per year, would be exempt ! This is a WIN-WIN for most small Ebay sellers- and basically a $5000 tax shelter for the average guy/gal selling on Ebay. Reason- most Ebay sellers fall under that amount of sales, and would be considered exempt ! If you sell on Ebay and are claiming $5000 or less in gross sales currently, it would all become TAX FREE ! You would no longer have to claim it !! "W" would basically be giving us all a $5000 tax deduction every year, on sales of used household goods !! Check it out: http://arstechnica.com/news.ars/post...merge-on-irs-p... Details emerge on IRS plans to tax eBay auctions By Nate Anderson | Published: May 15, 2007 - 11:55PM CT Changes are contained in the President's 2008 budget proposal. Instead of targeting only Internet auction sites, the current proposal actually expands the definition of a "broker" to include middlemen that don't actually function as the customer's agent in a transaction-- like eBay, for instance. Brokers currently need to file a form with the IRS that gives the name, address, and gross proceeds of each customer they work for; under the new proposal, many more companies would need to do the reporting. The Treasury Department wants the change because, as the budget request notes, "compliance increases significantly for amounts that a third party reports to the IRS." But this isn't a change that will apply to all eBay sellers; in fact, most will be exempt from the new reporting requirements. Internet auction sites will only be required to report customer revenue information if the customer does more than 100 separate transactions in a fiscal year and generates more than $5,000 in gross proceeds. In a report from the Information Reporting Program Advisory Committee (part of the IRS), the new proposal is supported by a 2005 study showing that over 700,000 Americans have a primary or secondary source of income through eBay. But you always bragged that you made $2000~$3000 a month on Ebay. |
#10
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New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !
But you always bragged that you made $2000~$3000 a month on Ebay.
But with write-offs (hopefully legit) he could possibly whittle that down to nothing. |
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