2. vintage
  3. 183228-18818

DId you get that paperwork from the IRS about purchasing? over $600.00

So a friend of mine told me that if you purchase anything with pay pal and it is over $600.00 you will get a form from IRS and you will have to cut them a check.is this true? and does that mean I can't purchase from Ebay or any other audio site? say it ain't so.

gmosley
audiosaurusrex's avatar
audiosaurusrex
316 posts
 

Yes it is for any sales and for tax year 2023 moving forward.

bigtwin's avatar
bigtwin
1,118 posts
 

The intent is to collect tax from people who are generating income (PROFIT) through sales.  I've hear of this person.  They were last seen riding into the sunset on their Unicorn.  🤣

newbee
4,751 posts
 

The IRS collects tax on profit made from sales. Many states, but not all, collect a sales tax made on internet purchases. That's its folks! :-)

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russ69's avatar
russ69
3,360 posts
 

That should be unconstitutional.

There is nothing in the constitution about that. It just gives congress the power to tax and they seem to be very good at doing that. 

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