Sunday, January 6, 2008

More About eBay Income and Taxes

NOTE:  For 2009, the ebook referred to in the following article has been replaced by an updated ebook, which expands on information presented in the post below.  Click the banner to gain access to more important tax information. 


Tax Tips Q&A



The question comes up all the time: "Do I have to pay taxes on my eBay income?" I've addressed it here before, but now a true tax expert has addressed the subject - just in time for tax season.

How do you know if your online business is a business and not just a hobby? How do you find out what online income you are required to report to the IRS? What tax forms do you use? Are there any legal “loopholes” you can use to keep from paying out all your hard-earned profits to the IRS? Aacckkkk! Too many questions! You want answers, right?

I’ve found all the answers for you in this brand new, hot-off-the e-press book called eBiz Tax Tips: How to Minimize Your Taxes and Maximize Your Profits. In this book and its accompanying audio and visual presentations you will learn:

  • How to turn personal expenses into deductible business expenses
  • How to save hundreds to thousands in taxes each year by choosing the right business structure for your business
  • The key strategies to keep the IRS from reclassifying your business as a hobby
  • How to take full advantage of the home office deduction
  • How to maximize the business deductions you are entitled to
  • How to pay your kids $5,350 tax-free, every year
    And much more...

Note that the information in this great new book applies to all online income, not just income from eBay. So, if you earn money elsewhere online, including affiliate commissions on your own websites or even on places such as Squidoo, then you really need this resource.

Click on the banner above to read the 2009 version of this excellent product now.

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