My slabs or ebay for buying

[Exhibitman]

People are way too paranoid about the dreaded 1099s. They're irrelevant unless you are a tax cheat. Just pay the taxes you owe and don't worry about it.

I hope Myslabs starts collecting and remitting sales tax. It is way easier to report sales from a third-party facilitator site that collects and pays the taxes (like eBay) than it is to track, collect and remit on your own. Just calculating local sales tax add-ons and special rates on a sales tax return is its own form of hell.

[Zan]

I do extremely well selling cards on myslabs. Easy platform, no BS like you get on eBay

[Fred]

Originally Posted by Exhibitman

People are way too paranoid about the dreaded 1099s. They're irrelevant unless you are a tax cheat. Just pay the taxes you owe and don't worry about it.

I hope Myslabs starts collecting and remitting sales tax. It is way easier to report sales from a third-party facilitator site that collects and pays the taxes (like eBay) than it is to track, collect and remit on your own. Just calculating local sales tax add-ons and special rates on a sales tax return is its own form of hell.

If Myslabs doesn't collect tax, then how are the taxes collected? Is the seller (on Myslabs) responsible for charging/collecting taxes and then distributing the taxes to the applicable revenue collector?

Does Myslabs provide any type of tax information for sales on the site?

It seems the benefit of using Myslabs is lower selling fees.

[cgjackson222]

Originally Posted by Fred

If Myslabs doesn't collect tax, then how are the taxes collected? Is the seller (on Myslabs) responsible for charging/collecting taxes and then distributing the taxes to the applicable revenue collector?

Does Myslabs provide any type of tax information for sales on the site?

It seems the benefit of using Myslabs is lower selling fees.

Sales taxes aren't declared/collected through MySlabs.

Yes, the benefit of Myslabs (for now) is that you are paying ~5.5% in fees, rather than whatever ebay is charging now. Of course, you don't get reimbursed for shipping, but that is a small cost.