IRS MAKE THE FINAL DECISION LINK HERE- www.irs.gov/newsroom/irs-provides-transition-relief-for-third-party-settlement-organizations-form-1099-k-threshold-is-5000-for-calendar-year-2024#:~:text=Under%20the%20guidance%20issued%20today,calendar%20year%202026%20and%20after Mark Tew Licensed CPA for Resellers Website here- courses.notyourdadscpa.com/a/11371/Z5jSSnEE 2025 Reselling FULL TIME Training videos, guides and course bundle 50% off here- rockstarflipperonline.com/2025-reselling-training-1 Use code Christmas50
I understand how the government tax system works, but what baffles me is how many times a single item gets tax. 1st, some buys an item and pays tax, uses it then donates to a thrift store. 2nd, I buy the item to flip and pay tax. 3rd, the item sells on eBay and the buyer pays tax. 4th, then I pay tax on the profits.
Then you use those profits to buy things for your normal life which are taxed and pay for your home which is taxed on a yearly basis even though you already bought it.
@@RockstarFlipper thank you. I’m jumping into reselling as a hobbiest/hoping to supplement my soon to be part time job. I did this 6 years ago as a hobby and was seeing a the signs of success, with 100-150 listings making approx 1-2 sales day. I’m a short and long tail flipper I suppose, I love those quick flips but I can sit on it for a bit. I’m also not afraid of small profit margins and large profit margins, it really does all add up it the end. But man do I take my time with listings and pictures… I’m my own bottleneck!
At some point we have to ask if the IRS is wasting tax payers money reviewing these low thresholds...$600 in a few years are you joking me? That is going to be a huge percentage of the population.
It really needs to be the GOVERNMENT revealing to us tax payers how much of our money they spent through the year and itemizing exactly where every dime was spent and make government accountable to we the people - somehow we’ve let them control us
@ yep if anyone needs to be accountable - it’s our government - and they need to be accountable “to the penny” how they are spending OUR money. They have forgotten - they are the servants -not us. But somehow things got flipped around
When we did craft shows several years ago, our tax guy said we didn’t have to report the income if we didn’t want to claim the expenses. We always did because the expenses, on paper, showed a loss, so helped with lowering the amount of taxes we had to pay.
This completely shattered any fear of taxes I had. Ive heard some resellers say to at least save 20% per year to handle taxes (before deductions). Seems not too bad if you have 2 income streams where one may help offset the pain to the wallet. Question: if you dont set up an LLC and just do reselling on the side, hobby, etc..... do you still get to apply deductions? If i buy $700 worth of supplies thru the year, i think that should be deductible regardless of LLC vs no LLC. Thoughts?
Absolutely. LLC is NOT required. Many people operate as individuals (sole props) forever. I know a guy who does $5 million a year and is a sole prop for his own reasons. he takes a million a year in deductions
You know how many times we see this comment daily? And how many times it's STILL wrong? yawn yawn, look up the laws. And ask Wesley Snipes how that worked out for him. It's the 16th amendment and any argument against it has been ruled against in court OVER AND OVER again. Here's the truth- www.irs.gov/pub/irs-pdf/p2105.pdf
It’s INCOME ! 🤦♂️Americans pay INCOME TAX on the money they make. I don’t get 1099s from ANY homeowner I work for! I guess that means I don’t have to pay taxes EDUCATE YOURSELF
You operate as an individual (sole prop) as default. You can get a DBA (doing business as) name for your sole prop. For example I could be "casey parris" an individual Sole prop but i buy a DBA (usually called fictious name) like "Caseys Treasures" and operate as that, use it for bank accounts and online platform registrations and taxes etc. Sole prop is up to you. You can get a single owner LLC ( thats what I have currently ) and it works the same as a sole prop for tax purposes with some extra lawsuit protections.
Doesn’t the $5000 threshold come from each platform? Like eBay will send one if you make more than $5000 on their site. Then Poshmark will send one for their site if you exceed $5000 gross sales.
@@lindakludka1063 pizza money can absolutely show up on a platform like Venmo cashapp etc. they have no way to know if I sent you money for a dresser as a business sale, or as a grandmom buying furniture personally. It’s up to YOU to sort that out
Threshold is irrelevant to me since my LLC always has to file, so given that, I think it's a good thing because in the next two years I assume the little sellers/hobby sellers will stop selling. Which means A less sellers, and B more opportunities for cheap buyouts on what they have when they give it up.
Except for all the stubborn ones that'll take advantage of the weak mindset people leaving over a little tax work. Always fun seeing people so scared to do taxes.
Well if nothing else this may scare some sellers away and make it better for those of us who continue to resell. Plus this will all most likely change with the new administration and there wont be an IRS as we know it today.
I'd really like to think that a lot of people will drop out, and maybe some will, but it might not be the ones we want to get rid of to attract buyers. If eBay is nothing but professional resellers running stores there's going to be a lot of buyers ditching eBay as a buying venue. And if you think the IRS is going away...think again.
i think that may be towards the end of 47 new administration (Will take time to revamp everything), as i see so many negative comments about that. no one believes 47 will change the irs out of it's british existence and into collecting tariffs to fund the fed gov
I use TurboTax, and it's super easy. You have to figure your costs in order to subtract. Costs are fees, shipping materials, mileage, cost of goods, etc.
I don't think it's bad that they lowered the threshold. I know some resellers (they are also RUclipsrs) that have stopped selling because of this, they were making hella money and not paying any taxes.
Let's say bought a $500 item. I paid sales tax so it really was $545. I then sell on eBay for $650 total which is item price + shipping. eBay charges me and takes like 15% the total amount and doesn't care they put a fee on shipping. And I still have to pay to ship it and eat the fee as well as pay for shipping supplies. But I receive after eBay's fee $552.5. I then have to pay almost $8 for shipping, $1.5 for box, packing material and tape roughly. And $2 in gas to drive it roughly 14 miles one way to post office so 28 miles round trip to get back home. So after all these costs $552.5 has to have - out of it $11.50 which = $541. Yes $541 dollars is the amount I really get. But I paid $545 for the item. I lost on paper $4. But the IRS thinks I made $650 in profit which is so absurd. eBay should subtract out their fees and report that. It's absurd eBay reports the fees that are charged to me that inflate my sale price as profit for me.
Now let's say people sell for profit with 35-40% markup. Because of all the costs involved such as paying sales tax on the item you want to flip for more. Plus eBays absurd fees, plus paying for shipping and materials etc. You profit will be 5-10% the total sale price at best if not less. Yeah you barely break even. But it's all about selling a lot of volume and numbers to make it. But profit is paper thin. But IRS thinks you made 10x to 20x more then you did. You only make 5%-10% the sales volume. That's what's so wrong with how they report this to the IRS. They seem to think you make all this money. It's also why they targeted this. They seem to think there is a tax gap of over 1T that people aren't paying. I am sure it's way lower then that. They think the tax gap is bigger then it is because they are counting everything wrong.
wow, interesting thank you, I've always filed just the right way to do it, I know this guy I see him all the time he's in his 60's and has been selling for a long long time on ebay he just just ignores all of it and still is selling on ebay, I dont know how he gets away with it but he seems to
@@Denniss7420 no he's a picker seller like me, he sells a lot I know because I know his store too lol, he's sold over 10K items, well over, I believe its around 30K items iirc
@@Denniss7420 point is I just wonder if they would ever go after him, so far they haven't, he's well into his 60's of age, around 65 years old. He goes to the same thrift store everyday, and others, has been doing this for a long long time. I'm pretty sure he's collecting some kind of retirement benefits too
@@moonshinefuel Probably gets paid cash for some stuff. Who reports cash? Decades ago I worked for a small company. When we received cash, we took the shipping invoice out of the file & burned it.
I’ve turned in to the IRS Facebook Marketplace - Craigslist sellers for selling without charging - paying sales tax, when they are selling as much as a business and just take cash with no paper receipt trail. On top of that, they are collecting a pension and SSC and not reporting their additional income.
@@jasonthemason1971 you know they aren’t paying sales tax how? Just because they collect cash doesn’t mean they aren’t paying it. I am a great example I probably sell $1,000 a month cash and it’s recorded and every quarter $3k is added to my Florida sales tax report and I pay it. Seems crazy if your just guessing
@@jasonthemason1971 no one reported your comment or it wouldn’t be up still….you also talked about the IRS and sales tax in the same comment. You are truly a genius 😂😂
This is ridiculous! If they stayed with $5,000 that would be reasonable, but less than that is w huge pain in the ass. How about increase taxes for Elon Musk and the elite class instead of nickeling and dimeing working class Americans. Pfff!
@@RockstarFlipper The amount of money paid is irrelevant. It always boils down to the percentage paid. This is the disconnect that people never seem to understand. Musk's tax percentage is lower than Bob that works at a car dealership. Bob is paying 24% and Musk is paying 10-15%. This is what pisses us middle class people off. This is paying your "fair share" argument in a nutshell.
Is the IRS getting the number of gross income from our banks or from eBay? Because the only way they would know about a personal transaction like someone giving us $200 for pizza would be through our banks right?
@@MakingEndsMeet_JudysStopNShop that’s eBay. But if you use cashapp or Venmo or Zelle, someone sends you $50 for pizza it shows as a transaction and counts toward the $5000 In the platforms eyes. You have to separate and report what’s business
I called eBay the first year I sold. I didn't receive a 1099. eBay told me you don't have to report it if it's under $20,000 . That's a lie!! I reported it and yes, you need to always report anything!
Just like he will fix it so you dont pay taxes on OT or tips, right, or build a wall, or... please bookmark this comment so you can come back when he raises back to 2ok. Ill be waiting
As I commented elsewhere - Who do you think signed off on all those stimmy checks? Who do you think is going to foot the bill (hint: not the same person or his buddies)?
It's the end of the year, pulled my listings and stopping until I get a grasp on how to move forward. I don't run a business, but yes I've generated income and made mistakes not saving receipts. By these standards, I'll be receiving a 1099 and just need to consult a tax professional before deciding I still want to commit my time and money to reselling. I definitely don't get items for free, there's lots of overhead costs to selling but if the government is gonna tax as high as they possibly can, and then I need to prove all of my associated costs, in order to be fairly taxed, that's a lot of learning and will take a while.
IRS MAKE THE FINAL DECISION LINK HERE- www.irs.gov/newsroom/irs-provides-transition-relief-for-third-party-settlement-organizations-form-1099-k-threshold-is-5000-for-calendar-year-2024#:~:text=Under%20the%20guidance%20issued%20today,calendar%20year%202026%20and%20after
Mark Tew Licensed CPA for Resellers Website here-
courses.notyourdadscpa.com/a/11371/Z5jSSnEE
2025 Reselling FULL TIME Training videos, guides and course bundle 50% off here-
rockstarflipperonline.com/2025-reselling-training-1
Use code Christmas50
Thank you for the super helpful content like this. It’s so appreciated. Merry Christmas and the new pup is gorgeous 💚❤️🎄🐾🎅
I understand how the government tax system works, but what baffles me is how many times a single item gets tax. 1st, some buys an item and pays tax, uses it then donates to a thrift store. 2nd, I buy the item to flip and pay tax. 3rd, the item sells on eBay and the buyer pays tax. 4th, then I pay tax on the profits.
@@stephenfreeman9376 welcome to Merica
Then you use those profits to buy things for your normal life which are taxed and pay for your home which is taxed on a yearly basis even though you already bought it.
@@michaelslifecycle And paid a sales tax on the home when it was bought.
Outrageous!!
Yes, but look at all you get for it......broken roads, understaffed cops, Can't afford food or housing, etc etc etc lol
Little guy can never catch a break.
TAX on used items should be stopped. Tax was already paid when it was sold. Collecting tax many times for the same item, it’s 🐂💩
@@Arthur88 in that case I could buy and sell $10 million dollars in items and never pay taxes. Ever. Does that seem reasonable?
Yes
Isn’t it tax on the profit made? Keep records to write things off, to get down to the net profit to pay taxes on.
@@TheCmovius correct
@@RockstarFlipper thank you. I’m jumping into reselling as a hobbiest/hoping to supplement my soon to be part time job. I did this 6 years ago as a hobby and was seeing a the signs of success, with 100-150 listings making approx 1-2 sales day. I’m a short and long tail flipper I suppose, I love those quick flips but I can sit on it for a bit. I’m also not afraid of small profit margins and large profit margins, it really does all add up it the end. But man do I take my time with listings and pictures… I’m my own bottleneck!
Milo is ADORABLE!! Merry Christmas to you and your family!!
Very informative! Thanks.... i love your dog❤
Thank you!! hes a little monster
@RockstarFlipper noooooo hahahaha he is a keeper
Welcome Milo! What a beautiful pup!! Thanks for sharing your information to us. Very helpful 😊
Thanks as always for the info.. Milo is so cute, my favorite breed of dog! Merry Christmas!
At some point we have to ask if the IRS is wasting tax payers money reviewing these low thresholds...$600 in a few years are you joking me? That is going to be a huge percentage of the population.
Merry Christmas to you and yours. God bless all of you
Good work Casey.
Thank you!
Thank you for this information. Merry Christmas. I file regardless if the threshold was $2.
Oh my goodness MILO❤❤❤❤CONGRATULATIONS 🎉
Thank you!!
Merry Christmas!!! Milo is AWESOME, now gotta get Otis😂
Merry Christmas
Milo is sooooooooooo cute!!! I'm glad that he's a part of your family, Casey!
Thank you for the update. Merry 🎄 😊
Thank you for the update
Merry Christmas 🎁🎄 ❤🙏
Milo is so adorable!
It really needs to be the GOVERNMENT revealing to us tax payers how much of our money they spent through the year and itemizing exactly where every dime was spent and make government accountable to we the people - somehow we’ve let them control us
@@lorae7 its being worked on. But sadly they will never be 100% honest, it hurts their wallets
@ yep if anyone needs to be accountable - it’s our government - and they need to be accountable “to the penny” how they are spending OUR money. They have forgotten - they are the servants -not us. But somehow things got flipped around
When we did craft shows several years ago, our tax guy said we didn’t have to report the income if we didn’t want to claim the expenses. We always did because the expenses, on paper, showed a loss, so helped with lowering the amount of taxes we had to pay.
@@sandarellaSD get a new tax guy and asap. He’s 100% wrong
@ I know things have changed over the years & this may not be valid anymore.
Awww Milo is so cute!
Merry Christmas 😊
Hi Milo, belly rub, nice to meet you cutie. Thank you, and Bless you and your family RockstarFlipper.
Good info, thankyou.
This completely shattered any fear of taxes I had. Ive heard some resellers say to at least save 20% per year to handle taxes (before deductions). Seems not too bad if you have 2 income streams where one may help offset the pain to the wallet.
Question: if you dont set up an LLC and just do reselling on the side, hobby, etc..... do you still get to apply deductions? If i buy $700 worth of supplies thru the year, i think that should be deductible regardless of LLC vs no LLC. Thoughts?
Absolutely. LLC is NOT required. Many people operate as individuals (sole props) forever. I know a guy who does $5 million a year and is a sole prop for his own reasons. he takes a million a year in deductions
What about eBay sales that are essentially personal items that depreciated and lost value (eg. Shoes you wore and loss value).
You don't owe money on stuff like that, but you have to be able to explain it to the IRS.
@@Tpsreport9 it’s still gonna show the sale total. Not needed to be reported. But you have to be able to explain it
Isnt it crazy that the IRS can "change the rules" for the 2024 year....... 7ish days before the year ends? Wild 😂
DEFUND THE IRS
It’s important to clarify that there are no specific laws that directly mandate that a person must file a tax return with the IRS
You know how many times we see this comment daily? And how many times it's STILL wrong? yawn yawn, look up the laws. And ask Wesley Snipes how that worked out for him. It's the 16th amendment and any argument against it has been ruled against in court OVER AND OVER again.
Here's the truth- www.irs.gov/pub/irs-pdf/p2105.pdf
If you do not receive a 1099 neither does the IRS so why would you report that?
It’s INCOME ! 🤦♂️Americans pay INCOME TAX on the money they make.
I don’t get 1099s from ANY homeowner I work for! I guess that means I don’t have to pay taxes EDUCATE YOURSELF
@@TracksideViews because if you don’t
And you get audited, you’re going to jail
For those of us who meet or exceed the amount, would it be in our best interest to establish a Sole Proprietorship or an LLC?
You operate as an individual (sole prop) as default. You can get a DBA (doing business as) name for your sole prop. For example I could be "casey parris" an individual Sole prop but i buy a DBA (usually called fictious name) like "Caseys Treasures" and operate as that, use it for bank accounts and online platform registrations and taxes etc.
Sole prop is up to you. You can get a single owner LLC ( thats what I have currently ) and it works the same as a sole prop for tax purposes with some extra lawsuit protections.
Doesn’t the $5000 threshold come from each platform? Like eBay will send one if you make more than $5000 on their site. Then Poshmark will send one for their site if you exceed $5000 gross sales.
Correct but if you have 2 accounts on one platform then they combine.
It's $5000 Total - Everything combined.
Exactly. I worked for multiple lenders in the past and each sent one. I don't know why he thinks pizza money shows up? PayPal doesn't send it.
@@Denniss7420 no. It’s per platform
@@lindakludka1063 pizza money can absolutely show up on a platform like Venmo cashapp etc. they have no way to know if I sent you money for a dresser as a business sale, or as a grandmom buying furniture personally. It’s up to YOU to sort that out
Threshold is irrelevant to me since my LLC always has to file, so given that, I think it's a good thing because in the next two years I assume the little sellers/hobby sellers will stop selling. Which means A less sellers, and B more opportunities for cheap buyouts on what they have when they give it up.
Except for all the stubborn ones that'll take advantage of the weak mindset people leaving over a little tax work. Always fun seeing people so scared to do taxes.
Well if nothing else this may scare some sellers away and make it better for those of us who continue to resell. Plus this will all most likely change with the new administration and there wont be an IRS as we know it today.
I'd really like to think that a lot of people will drop out, and maybe some will, but it might not be the ones we want to get rid of to attract buyers. If eBay is nothing but professional resellers running stores there's going to be a lot of buyers ditching eBay as a buying venue. And if you think the IRS is going away...think again.
I know the IRS is going away once nesara gesara takes effect.
I mean I personally have to sit this year out then and until I get the taxes figured out I'm probably done on eBay
i think that may be towards the end of 47 new administration (Will take time to revamp everything), as i see so many negative comments about that. no one believes 47 will change the irs out of it's british existence and into collecting tariffs to fund the fed gov
Anyone use Turbo Tax? Does it have stuff in place to help point out what is actually profit vs ... not?
@@richardstarr4932 I’m sure it does. I use H&R Block and it walks you through it
I use TurboTax, and it's super easy. You have to figure your costs in order to subtract. Costs are fees, shipping materials, mileage, cost of goods, etc.
I don't think it's bad that they lowered the threshold. I know some resellers (they are also RUclipsrs) that have stopped selling because of this, they were making hella money and not paying any taxes.
@@MissPepperss of course. Always someone taking advantage. The games up for them
Let's say bought a $500 item. I paid sales tax so it really was $545. I then sell on eBay for $650 total which is item price + shipping. eBay charges me and takes like 15% the total amount and doesn't care they put a fee on shipping. And I still have to pay to ship it and eat the fee as well as pay for shipping supplies. But I receive after eBay's fee $552.5. I then have to pay almost $8 for shipping, $1.5 for box, packing material and tape roughly. And $2 in gas to drive it roughly 14 miles one way to post office so 28 miles round trip to get back home. So after all these costs $552.5 has to have - out of it $11.50 which = $541. Yes $541 dollars is the amount I really get. But I paid $545 for the item. I lost on paper $4. But the IRS thinks I made $650 in profit which is so absurd. eBay should subtract out their fees and report that. It's absurd eBay reports the fees that are charged to me that inflate my sale price as profit for me.
Now let's say people sell for profit with 35-40% markup. Because of all the costs involved such as paying sales tax on the item you want to flip for more. Plus eBays absurd fees, plus paying for shipping and materials etc. You profit will be 5-10% the total sale price at best if not less. Yeah you barely break even. But it's all about selling a lot of volume and numbers to make it. But profit is paper thin. But IRS thinks you made 10x to 20x more then you did. You only make 5%-10% the sales volume. That's what's so wrong with how they report this to the IRS. They seem to think you make all this money. It's also why they targeted this. They seem to think there is a tax gap of over 1T that people aren't paying. I am sure it's way lower then that. They think the tax gap is bigger then it is because they are counting everything wrong.
Thanks for the info. Although after the presidential inauguration all taxes will change for the better. I doubt it will stay this way.
was about that to say that too, but I guess for now, this is what it is
lol I am sure the billionaires are going to care about ebay taxes. I have not heard a peep about not taxing tips since he won also. LA LA Land!
I just pray Elon gets all the subsidies he needs 😂@@robertk2530
If your a multi millionaire taxes might change. Doubt the US will be able to afford it.
Who do you think signed off on all those stimmy checks? Who do you think is going to foot the bill (hint: not the same person or his buddies)?
Do you recommend paying quarterly taxes or pay taxes all together when filing taxes?
@@mayperez1420 businesses are required to file quarterly if you expect to owe more than $1k
wow, interesting thank you, I've always filed just the right way to do it, I know this guy I see him all the time he's in his 60's and has been selling for a long long time on ebay he just just ignores all of it and still is selling on ebay, I dont know how he gets away with it but he seems to
.....maybe he is selling some stuff he inherited.
@@Denniss7420 no he's a picker seller like me, he sells a lot I know because I know his store too lol, he's sold over 10K items, well over, I believe its around 30K items iirc
@@Denniss7420 point is I just wonder if they would ever go after him, so far they haven't, he's well into his 60's of age, around 65 years old. He goes to the same thrift store everyday, and others, has been doing this for a long long time. I'm pretty sure he's collecting some kind of retirement benefits too
@@moonshinefuel Probably gets paid cash for some stuff. Who reports cash? Decades ago I worked for a small company. When we received cash, we took the shipping invoice out of the file & burned it.
@@Ephemeral2023 no he ships out through ebay non-cash, I just think he's flying under the radar and so far so good
If you only do Ebay as a job; can you get a Roth or IRA, since you have verifiable income on the 1099 , since you don't get a W2?
Yes.
@@DRventura333 yes
Why would pizza money show up on a 1099?
@@jimhorne8855 because platforms like Venmo cashapp and PayPal are also issuing 1099s. Not just eBay.
Who is reporting the pizza to the IRS?
@@Ephemeral2023 no one should be I’m just saying you have to sort the personal transactions from business
I’ve turned in to the IRS Facebook Marketplace - Craigslist sellers for selling without charging - paying sales tax, when they are selling as much as a business and just take cash with no paper receipt trail.
On top of that, they are collecting a pension and SSC and not reporting their additional income.
@@jasonthemason1971 you know they aren’t paying sales tax how? Just because they collect cash doesn’t mean they aren’t paying it. I am a great example I probably sell $1,000 a month cash and it’s recorded and every quarter $3k is added to my Florida sales tax report and I pay it. Seems crazy if your just guessing
I guess nobody ever told you that the IRS has absolutely NOTHING to do with sales tax, huh, Columbo?
@@matchstickdesignco guess what dummy, I contacted the right people. I bet you live in your mom’s basement.
@@jasonthemason1971 no one reported your comment or it wouldn’t be up still….you also talked about the IRS and sales tax in the same comment. You are truly a genius 😂😂
This is ridiculous! If they stayed with $5,000 that would be reasonable, but less than that is w huge pain in the ass.
How about increase taxes for Elon Musk and the elite class instead of nickeling and dimeing working class Americans. Pfff!
@@mskinetik Elon musk paid $10 billion in taxes….stop
@@RockstarFlipper The amount of money paid is irrelevant. It always boils down to the percentage paid. This is the disconnect that people never seem to understand. Musk's tax percentage is lower than Bob that works at a car dealership. Bob is paying 24% and Musk is paying 10-15%. This is what pisses us middle class people off. This is paying your "fair share" argument in a nutshell.
Is the IRS getting the number of gross income from our banks or from eBay? Because the only way they would know about a personal transaction like someone giving us $200 for pizza would be through our banks right?
@@MakingEndsMeet_JudysStopNShop that’s eBay. But if you use cashapp or Venmo or Zelle, someone sends you $50 for pizza it shows as a transaction and counts toward the $5000 In the platforms eyes. You have to separate and report what’s business
How come when you Google the amount a reseller can make before a 1099 form it says $600
Regardless. Go to the website link he has above. It says it all in there what he just told us. It was decided in November.
I called eBay the first year I sold. I didn't receive a 1099. eBay told me you don't have to report it if it's under $20,000 . That's a lie!! I reported it and yes, you need to always report anything!
Yeah i report my gross of 5k and my expenses of goods 10k lol
@@devon23171 because Google can show anything. Depends on what Google result your checking.
@@lisafornal7009that gave us less time to prepare for it
Abolish the irs.
I wish, but thats been a thing to do for decades and never happens...never will
@@RockstarFlippernever say never - tariffs are coming
Trump is going to change this law back to 20,000 bucks dont worry, this is the last administration that wanted these jackass rules for the irs
Where has he stated that? I have heard most of his speeches and that is news to me. Curious to see your references.
Just like he will fix it so you dont pay taxes on OT or tips, right, or build a wall, or... please bookmark this comment so you can come back when he raises back to 2ok. Ill be waiting
As I commented elsewhere -
Who do you think signed off on all those stimmy checks? Who do you think is going to foot the bill (hint: not the same person or his buddies)?
@@Stonecrow25 call Kamala, you probably got her on speed dial
He is going to fix inflation so no one will have to work either….don’t worry life will be much easier….
❤❤❤❤❤
Until i get the taxes figured out, im done, i have too many valuable assets to let go of, just for the irs to over tax me.
It's not hard, really don't be scared of it.
It's the end of the year, pulled my listings and stopping until I get a grasp on how to move forward. I don't run a business, but yes I've generated income and made mistakes not saving receipts. By these standards, I'll be receiving a 1099 and just need to consult a tax professional before deciding I still want to commit my time and money to reselling. I definitely don't get items for free, there's lots of overhead costs to selling but if the government is gonna tax as high as they possibly can, and then I need to prove all of my associated costs, in order to be fairly taxed, that's a lot of learning and will take a while.
I'm pretty sure Donald Trump will fix this. So don't even do it.
wouldn't it be awesome if by 2026 there was no IRS 😅😂❤
We wish
@@RockstarFlipperunless trump abolish it
@@frankiecarrrierivg03 he can’t. And won’t
Everybody say, “Thank you Joe Biden!”
haha😂
Trump will fix it😂