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

[goamules]

Taxing casual sales was until recent times a technicality, but never enforced. Flea markets, "cash only" barber shops and similar venues, yard sales, auto sales, crop sales (roadside produce stands) were all left alone by the IRS. Today, with everything monitored, tracked, and required on the internet, the loopholes are closing.

My father-in-law is very anal about "capital gains", and has dutifully reported anything he sells. Actually, he usually gives it away, warning his kids and anyone that listens that "you cannot sell that [old bike, antique dresser] without reporting capital gains!" I've heard him for 30 years, and always ignored the worry. But when you are ID'd and tracked online, it's much easier for the IRS to force your hand (and their outstretched hand).

My point is for as long as we've had sales tax (not that long really), 90% of the people don't pay it, and no one every noticed.

[Paul Ron]

exactly why cashless society is being pushed. its all about our uncle sam getting his take. i had an uncle like that, he sold glass insurace to stores.

.

[BrianShaw]

Paying taxes is an obligation of a citizen. Paying only tax that is owed is a right as a citizen. Paying too much tax is not being financially responsible. Avoiding taxes by nefarious means is a crime.

Not everyone agrees with all of those, hence the increased oversight. It is what it is.

Learning how to address the issue via the appropriate mechanisms (sched c, d or just "eating it" and reporting as income if it takes more effort to do the forms than the tax "savings" will be) is a smart thing to do.

Voluntarily paying tax on sales not documented by a 1099, for example, is an ethical issue that depends on each persons individual ethics.

[Salmo22]

As the astute Lennie Pike (aka Jonathan Winters) observed in the 1963 classic movie It’s a Mad, Mad, Mad, Mad World; “Even businessmen, who rob and cheat and steal from people everyday, even they have to pay taxes.”

[ic-racer]

Here's the sum total of what the article says on that:.

Reads like the intent is to crack down on 'flippers.'

[Tin Can]

When I was selling SNAP-ON TOOLS in the poorest part of Chicago

Many immigrants simply refused to pay Sales Tax

Police demanded free tools, I gave them Slim Jim door openers and a screwdriver with my name on it

Drunken large Native Americans sometimes got on my truck and would not leave, wanted to be noticed

All of these folk needed extra attention

but nobody attacked me

nobody killed me

2 guys in suburbia were found dead with empty trucks

back then hookers smiled as they flashed


I had a big tool box unsecured right at the only exit

I could squash one man if rolling

Glad I never did

[Califmike33]

California new law anything over $600 IRS is coming after you and taxing you unless you can show you made no profit.

[drj52]

California new law anything over $600 IRS is coming after you and taxing you unless you can show you made no profit.

It’s a Federal law, and it went into effect 1/1/22.

[Tin Can]

Worse

As I do not drive anymore, my State ID aka DL has expired

Now my Credit Union says I must get a new ID to do any banking...

[Pete Roody]

It’s a Federal law, and it went into effect 1/1/22.

And it's not just eBay. They have been tracking all bank transactions and online payment sites including PayPal, Venmo and CashApp in 2022. Anything over $600.