modeljag
Well-Known Member
Re: Another recaster : latest alias Loganprops, recent alias Snikt Shop
The law goes like this: If it's income, you must pay taxes on it. Don't think he's big enough to have the IRS do anything based on a random complaint though.
I, new member here on the RPF. Question for you guys in the U.S (I reside in Canada where tax laws are different): what's the tax law in the U.S. regarding e-commerce (Ebay, Etsy, etc) I mean this guys is making money...does he declares all of it when comes tax time or not? Would it serve a purpose to say something to the IRS or is the IRS already checking those e-commerce sites already and making sure that Uncle Sam is paid in full?
The law goes like this: If it's income, you must pay taxes on it. Don't think he's big enough to have the IRS do anything based on a random complaint though.