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Undertoad · 06-13-2004, 09:16 AM

If you don't have a store in a physical location, you don't have to collect sales tax.

I just don't think the gob'mt is interested in these small dollar transactions. I don't think they ever were. There's more value to letting them go because you could never relaly track them anyway. There are so many people ebaying and paypalling all over the place now that it would take A.I. to figure them all out. If everyone had to collect on these things it would not make much money and would be an accounting nightmare for both the individuals and the IRS.

But $500 *profit* is a little bigger and you might consider going legit just because if you ever DO go legit you'd want all that history in place anyway. A small biz attorney can cut through these kinds of questions like butter, more accurately than we can...

06-13-2004, 09:16 AM	#7
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	If you don't have a store in a physical location, you don't have to collect sales tax. I just don't think the gob'mt is interested in these small dollar transactions. I don't think they ever were. There's more value to letting them go because you could never relaly track them anyway. There are so many people ebaying and paypalling all over the place now that it would take A.I. to figure them all out. If everyone had to collect on these things it would not make much money and would be an accounting nightmare for both the individuals and the IRS. But $500 profit is a little bigger and you might consider going legit just because if you ever DO go legit you'd want all that history in place anyway. A small biz attorney can cut through these kinds of questions like butter, more accurately than we can...