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The Most Asked TAX QUESTIONS for eBay & Hobby Sellers

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Manage episode 319323298 series 2101856
Content provided by RESELLER WEEKLY - CHASING CARDBOARD PODCAST. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RESELLER WEEKLY - CHASING CARDBOARD PODCAST or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we compile the 7 most commonly asked TAX related questions for Hobbyist, Sports Card Collectors, eBay Sellers, and more. Direct from an outstanding FRANK ( @Baseball Hall of Fame Autographs ):

1:35 How serious is a 1099?

3:11 Do you pay taxes on Revenue or Profit?

4:20 When does your hobby become a business?

8:01 How much flexibility do you get with deductions/expenses?

14:30 Should I be focusing more on COGS or End of Year Inventory?

17:30 Where does eBay Sales Tax fit into the equation?

21:00 Is going CASH ONLY a better route for a Seller / Dealer?

22:47 Where do you actually report your 1099?

Email Frank at: frankr@schreiber.cpa -- Mention you found him from Bench Clear!

Bench Clear Media Production Check out Bench Clear at: http://www.benchclear.us

  continue reading

199 episodes

Artwork
iconShare
 
Manage episode 319323298 series 2101856
Content provided by RESELLER WEEKLY - CHASING CARDBOARD PODCAST. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RESELLER WEEKLY - CHASING CARDBOARD PODCAST or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we compile the 7 most commonly asked TAX related questions for Hobbyist, Sports Card Collectors, eBay Sellers, and more. Direct from an outstanding FRANK ( @Baseball Hall of Fame Autographs ):

1:35 How serious is a 1099?

3:11 Do you pay taxes on Revenue or Profit?

4:20 When does your hobby become a business?

8:01 How much flexibility do you get with deductions/expenses?

14:30 Should I be focusing more on COGS or End of Year Inventory?

17:30 Where does eBay Sales Tax fit into the equation?

21:00 Is going CASH ONLY a better route for a Seller / Dealer?

22:47 Where do you actually report your 1099?

Email Frank at: frankr@schreiber.cpa -- Mention you found him from Bench Clear!

Bench Clear Media Production Check out Bench Clear at: http://www.benchclear.us

  continue reading

199 episodes

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