They will tax you or simply give you a 1099MISC income statement as they should.

take - tax

The IRS does not have to prove you did not make a profit. You do.

The IRS just has to prove you have income or assets that you could not have on the reported income.

The IRS will tax you on every penny you receive unless you can prove you have a qualified deduction.

The change is not in what is taxable. Most of your ebay sales should be reported somewhere on your return any way.

The only thing that is changing is now the IRS requires ebay and pay pal to report the sales so they can make sure you are reporting what you were suposed to be doing any way.

I don't think it's a matter of the government controlling how much money you make, only you have control over that. You make the money, you owe the taxes. It's pretty simple fact of running a business, here in the U.S. or many other countries.

I claim my income from eBay sales, so nothing new for me either.

and now,BIG BROTHER wants us to PAY EVEN MORE of our hard earned money

Sorry, but income from garage sales, yard sales, and even bartering has been taxable for decades. Do not confuse taxable with enforced. The IRS is smart enough to realize that sending a $50,000 a year agent to collect taxes on a $500 once-a-year garage sale is stupid and not cost effective, so they don't. But that doesn't mean they won't asses income taxes if they have proof of income that is not showing up on your Form 1040.

And it's not even the government you should be mad at!! The IRS didn't make the law -- they only enforce the laws that are on the books. The law was created by our elected officials - US Senators and US Representatives, and signed into law by our previous President.

But you can't blame Congress and the President... they didn't dream this stuff up... they just bowed to the wishes of their constituents -- the people who voted them into office. Which would be you and/or your neighbors... and the folks down the street... and the next street over... and downtown... and...well...just about everyone.

Or at least everyone who takes the time to VOTE.

-Bob.

V.46 Trading Assistant/Consignment sales, since 1997!
See my About Me page for more details on the best tools for desktop automation for eBay!

As Pogo Possum said, "We have met the enemy and he is us."

I HOPE EBAY NOTIFIES THE SELLERS WHEN THEY GET TO 199 SELLS AND/or TO $19,995

the rules on taxation are not changing at all. some of us will simply get a statement of sales that have occurred. the taxes and generous deductions remain.

ebay will be out of business by june 2011

I've seen similar predictions since I started selling on eBay. Obviously none have come true yet.

Faerie
faerie's finest - enchanting your life with flavor

I could be wrong. But, how can the money you make at a garage sale be taxable? If you are selling lets say baby clothes in your garage sale for a loss because they are used. Then you should be able to claim a loss, right?

"Faerie", I just love to hear holier-than-thou people like you spout off like you do. I'm sure you do everything right and proper in your mind, you don't do anything wrong at all and never have, right?

The argument here is about whether it's right for ebay/paypal to report our information to big brother, just as the fight going on where they are trying to force amazon and every other online or catalog vendor to do. Government already intrudes in our lives far too much. They tax us when we earn money, they tax us when we spend it, they tax what we own after we've bought it, even when it gets worn out or we don't need it anymore and want to sell it (at a loss) they want to tax it again. If we save the money they tax it, they tax any interest our savings may earn, if we then draw it out and spend it, the tax cycle starts again. The government taxes every dollar multiple times, and then are amazed that the economy is failing! Then add on non-tax taxes, such automobile registration, mandatory inspections, and licensing fees. Situation even worse...

Then, to top it off, they waste it on idiotic pursuits and come back with their hand out again, taking more and more when there's nothing left to give. Robin Hood, where have you gone?

You are such a big supporter of the gov't that you must be one of their "un-fire-able" clones, er I mean employees. That or you're way better off than the great majority of eBay'ers that are trying to make a little extra cash to pay the bills and scrape by any way they can. And yeah, check those bills we have to pay, there's gov't tax in there somewhere too.

Just keep spouting about how good the gov't is to you and remember that when they start installing video cameras in your house to make sure you aren't doing something they think you shouldn't do. Hear that noise? It's the jack-booted thugs marching up to your door...

I have nothing to fear from the IRS, anything I owe I pay. That doesn't mean I like the way they do business, or the way the government wastes all they take from us. If they want to come after me, they can bring it on.

My point with Faerie is the tone of the posts that tries to paint anyone who doesn't agree with the policy as being dishonest or trying to get away with something. Many of us simply want the government to back off and give us just a little freedom.

When the economy is so bad and people are trying all they can to scrape by, that is clearly NOT the time to start going after things like flea markets, garage sales, and eBay. Oh well, after they stop everybody from making anything, we can all live on welfare and let Big Brother foot the bill.