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Old 10-17-2016, 01:35 PM
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mybuddyinc mybuddyinc is offline
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Join Date: Apr 2009
Location: Savannah, GA
Posts: 2,055
Default OT: IRS Paypal Tax Situation

I know this has been discussed before, but couldn't find it in search.....

Just got a lovely letter from the IRS saying I owe 9K+ in unpaid taxes from 2014

As stated in document, it is from my paypal "income" of 22K+.

Of course that's "Gross" --- hardly close to net income. Heck, I just break even most of the time .......

I'll go to a tax guy to be this all documented and sent in properly. But just to get a jump on things, want to get what might I need. I can only think (not that I'm thinking right right now) of two items:

1 - Invoices from auction houses for 2014 (of which I have a big one from REA).
2 - Bank statements showing ebay fees for the year.

Any other thoughts, suggestions, experiences would greatly be appreciated.

Not fun, Scott
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