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The Most Asked TAX QUESTIONS for eBay & Hobby Sellers

The Most Asked TAX QUESTIONS for eBay & Hobby Sellers

FromRESELLER WEEKLY - CHASING CARDBOARD PODCAST


The Most Asked TAX QUESTIONS for eBay & Hobby Sellers

FromRESELLER WEEKLY - CHASING CARDBOARD PODCAST

ratings:
Length:
29 minutes
Released:
Feb 2, 2022
Format:
Podcast episode

Description

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
Released:
Feb 2, 2022
Format:
Podcast episode

Titles in the series (100)

One of the longest running Sports Card podcast's in the industry. The guys from BreakerCulture provide Weekly discussions with entertaining group breakers, sports card collectors, hobby icons, and some of most intriguing folks in the hobby. We keep it casual, family-friendly, and completely transparent. Enjoy the show! Find us at: https://www.breakerculture.com or http://www.benchclear.us Members of the Bench Clear Media Network (http://www.benchclear.us)