EBay and taxes – eBay vs. the IRS
February 20, 2007 · Print This Article
I was recently quoted in an article about eBay, called ‘Treasury aims to collect $2Bn in extra taxes’ by Eoin Callan. The article talks about how most eBayers do not voluntarily report their income and what the IRS would like to do about it.
The IRS realizes they are losing billions in tax dollars each year as long as eBay profits (and other online auctions and even other online businesses) are left unreported. It should be interesting to see what happens in tax legislation over the next few years regarding eBay.
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