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Thread: Now e-Bay wants my SSN and bank account info . . .???

  1. #121
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    Re: Now e-Bay wants my SSN and bank account info . . .???

    people refused to pay "use tax" , I think it's funny it took the feds 20+ years to figure out a way to do it.

  2. #122
    Tin Can's Avatar
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    Re: Now e-Bay wants my SSN and bank account info . . .???

    My last accountant had me pay Use Tax for years

    The way she figured it, it was not that bad

    So it goes



    Quote Originally Posted by jnantz View Post
    people refused to pay "use tax" , I think it's funny it took the feds 20+ years to figure out a way to do it.
    Tin Can

  3. #123

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    Re: Now e-Bay wants my SSN and bank account info . . .???

    Quote Originally Posted by ic-racer View Post
    Reads like the intent is to crack down on 'flippers.'
    Flipping has become pretty rampant lately in just about every category. Thrift stores with anything but just junk are a distant memory, as are second tier retail shops like TJ Maxx. Bots buy all the new electronics first so they can resell them at a profit. I understand the economic motivation but I won't be real sad if flipping is taken down a notch..

  4. #124

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    Re: Now e-Bay wants my SSN and bank account info . . .???

    Quote Originally Posted by domaz View Post
    Flipping has become pretty rampant lately in just about every category. Thrift stores with anything but just junk are a distant memory, as are second tier retail shops like TJ Maxx. Bots buy all the new electronics first so they can resell them at a profit. I understand the economic motivation but I won't be real sad if flipping is taken down a notch..
    A big chunk of the business on sites like eBay has always been flipping. More stringent selling rules may have reduced the number of people selling their personal stuff, but that was never a big component in terms of dollars.

  5. #125

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    Apr 2006
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    Re: Now e-Bay wants my SSN and bank account info . . .???

    I see that the IRS has delayed this part of the law: https://www.cnbc.com/2022/12/23/irs-...-payments.html

    Maybe that $600 threshold will be increased to something higher.

  6. #126

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    Re: Now e-Bay wants my SSN and bank account info . . .???

    Seems to be often the case. Old reg was too lax, new reg was too restrictive. Perhaps they'll settle into something more reasonable.

  7. #127
    Tin Can's Avatar
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    Re: Now e-Bay wants my SSN and bank account info . . .???

    Too quick enactment

    Next year plan for it, in 3 days....

    I would love to see more traditional barter, swap meets in person

    Paper money has a good feel

    In the 80's serious buyers had armed bodyguards handcuffed to a briefcase, with backup, wearing suits

    and get there before they open, as the real action is right now
    Tin Can

  8. #128

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    Re: Now e-Bay wants my SSN and bank account info . . .???

    Quote Originally Posted by Tin Can View Post
    Too quick enactment

    Next year plan for it, in 3 days....

    I would love to see more traditional barter, swap meets in person

    Paper money has a good feel

    In the 80's serious buyers had armed bodyguards handcuffed to a briefcase, with backup, wearing suits

    and get there before they open, as the real action is right now
    The old days of swap meets aren't coming back I'm afraid. Some of the things we sell are too obscure for even regional buyers to care much about and pay what they are worth. I'm glad we are no longer in a world where we have to carry around mountains of cash either...

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