Taxes On Consignments - Net54baseball.com Forums

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#14

09-17-2013, 04:29 PM

calvindog

Jeffrey Lichtman

Member

Join Date: Apr 2009

Posts: 5,889

If you don't declare your gains on your tax returns and get audited you will be miserable when required to pay penalties and interest on top of the taxes owed. In addition, if you do it for a few years in a row, i.e. showing a pattern of tax fraud, you could be indicted. Respectfully, only an idiot would fail to declare these gains if they are significant.

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