Details Emerge On IRS Plans To Tax eBay Auctions

Ars Technica gets a sneak peek at the proposal from the Treasury Department to target eBay auctioneers and gives us their analysis.

Snip:

The IRS has made no secret of the fact that it wants Internet auction companies like eBay to provide more information about high-volume sellers to the government in order to help close the “tax gap” between what Americans owe and what they pay. But now the official proposals are finally on the table, and Ars has had a look at the documents. Here’s what you can expect if the changes go through.

But this isn’t a change that will apply to all eBay sellers; in fact, most will be exempt from the new reporting requirements.

Link

The following two tabs change content below.
I'm an eternal optimist, follow a Buddhist philosophy, geek of many areas, entrepreneur, learning the Chinese language, a die-hard sports fan, love politics and nuclear submarines.

Leave a Reply

Your email address will not be published. Required fields are marked *