Quote:
Originally Posted by Yastrzemski Sports
It depends on what type of tax you are talking about.
Sales tax - do nothing. eBay does all of the work.
Income tax - $10k is a significant number. You should be getting a tax form from PayPal for that amount. You’ll have to claim it on your income taxes but would have to speak to an accountant as to how it affects you in your state.
|
This is NOT QUITE correct.
In NY, ebay started collecting NY Sales Tax on June 1st, I ASSUME that I will still have to file for any and all NY State sales tax owed prior to that date for this tax year, right? Other states were phased in at different times, too.
Or am I missing something???