[Milsurplus] Taxes
joldenburg2 at new.rr.com
joldenburg2 at new.rr.com
Thu Mar 11 14:23:30 EST 2010
In Nov 2007 the Internet Tax Moritorium was extended 7 years. This act exemted internet sales from being subject to tax accross State lines. If you buy from a internet site in your own state your still subject to tax. So no sales tax on out of state transactions untill Nov 2014.
E-bay's take on the 1099 issue is they do not feel they are subject to issue them as they view themselfs as a venue enabling private parties to complete a transaction. They also state that they do not track the completeion of transactions, wether a item is actualy paid for and thus can not issue an acurate 1099.
---- Boatguy <boatguy at csinet.net> wrote:
=============
More to think about Ebay.When the states wake up- and make sellers collect
sales tax and ebay send a 1099 because the Feds are getting no tax what will
happen.Interesting thaught.Belive me it will not be long
Carl
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--
Jon Oldenburg AB9AH
"A bicycle can't stand on it's own because it is two tired..."
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