Tax Loopholes for Ebay Sellers PDF (Adobe DRM) download by Janelle Elms

Tax Loopholes for Ebay Sellers

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McGraw-Hill
Publication date: February 2006
ISBN: 9780072264029
Digital Book format: PDF (Adobe DRM)

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Hundreds of Legal Deductions for eBay Sellers!

If you’re an online seller, take note: now you can reduce--or even eliminate--the taxes you pay using the insider tips in Tax Loopholes for eBay Sellers. You’ll discover hundreds of little-known, completely legal tax deductions and reporting tips that are unique to eBay and designed to benefit small business owners. Learn what the IRS is looking for when sorting out a real business from a hobby and why it matters.

You’ll get step-by-step advice on everything from setting up your business and getting a business license to creating a bookkeeping system. Use the power of eBay and the tax strategies in this book to increase your wealth, protect your assets--and lower your tax bill.

How much can you fit into your eBay tax loophole?

  • Learn what the best tax-advantaged business structures are for your type of eBay business
  • Get the free “The 9 Steps to Business Test” to see if your business measures up against IRS guidelines
  • Identify and take advantage of hundreds of legal deductions for eBay business owners
  • Determine how often you will prepare a sales and use tax report based on volume
  • Set up a payroll system with the proper withholding deductions for all employees including yourself
  • Create an accounting system to pay bills, input transactions, record sales, keep track of PayPal fees, and balance your business checkbook

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