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

Show expenses equal or above to offset the profits.

A country full of bean counters that can’t count?

Congress The more or less accounting method. LOL. I'm actually sobbing... thinking how broke it really really is..

to the OP, if you really do run a $1b business ( I did ), then i would advise corresponding with the IRS in written form only !

by the way, good governance practices at firms of that size have an independent third party do your taxes. Ask me how I know…

@taxguy gets award for sane guy on the thread

question for the Law and Order ( except taxes ) crowd; Is the esteemed private school Liberty University ? 

Grow up, not a big deal.  Provide support.  Move on.