Do CHECKS need to be filed on TAXES?

Question

If i use a check AS MY MAIN AND ONLY E-BAY PAYMENT, do i have to file that on my taxes, can e-bay report me to the IRS if i don't?

Answer 1

I am going to be a real byotch here darlin and ask you a few questions.....

Do you drive on our roads in this great nation?
Have you ever had to call 911?
Ever needed police, fire or an ambulance to respond?

Quit being a moron. You didn't make much money at it this year but you could well make a good living at it in the future. The self employment taxes are minimal, you only pay them on the profits over $400. Get off your butt and let a professional handle the tax return for you!

Answer 2

If you are asking if you have to report ebay INCOME from the sale of Stuff, then the answer is "OF COURSE, ABSOLUTELY!"

But you do reduce the amount subject to tax by the cost of the items and the cost of selling the Stuff.

If you are an ebay seller selling only your Stuff from your house, then NO it is not taxable income. But if you are buying stuff for resale, then it IS taxable income.

See a Tax Pro TODAY!

- A Damn Fine Tax Advisor

Answer 3

You don't report items you purchase on your tax return, unless you're purchasing them as part of your business - if you do, then it's in your favor to report them. So I don't understand why you are asking.