THE IRS HAS TAKEN MY TRANSACTIONS VIA PAYPAL AND IDENTIFIED THEM AS TAXABLE INCOME

eag618

Stick it to the IRS.   Happy Listening!

Well they're idiots if they can distinguish a purchase from income. Get a seller to vouch for you.

What I'm still curious about is how the IRS found out about the transactions.

Did you sell your personal stereo gear, and can prove you paid for them? Then there is no tax due if you sold for less than what you paid for. If you sold your personal items for more than what you paid, then it’s a capital gain and taxes are owed. But the biggest trap here is that the items you sold you didn’t plan on selling. If you planned on it, then the IRS can label you a sole proprietorship and that’s a whole different ballgame. Then the locals come sniffing around for sales taxes. Talk to a CPA and be honest.

The irs said I didn't pay my taxes for 5 years, what should I do.🤔