Quote:
Originally Posted by Mark17
If people pay their taxes as they are required by law to do, it doesn't matter whether or not ebay reports sales. I've been selling on ebay since 1998, and reporting sales on my tax returns, and have had no problems. If I am ever audited, sales records are quite easy to produce.
Bottom line, pay your taxes and sleep well at night.
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It appears some people think that if they don't get a 1099, they don't have to pay taxes on that income. They are wrong, of course, and will not have a fun time if audited. But they think it anyway.
