PM me please, thanks!
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PM me please, thanks!
I am not in the usa;)
It indirectly involves our activities on here, which is why I need to speak to someone on here!
Since it involves accounting activities on RG have you considered contacting a RG admin.Quote:
Originally Posted by sixers_610
Not sure that they could help. Basically a certain service that we use to pay/receive payments issued a 1099 to those with over $20k in transactions. I'm one of them. And most of it was from here.
Sounds like you sold over $20,000 of goods in which most of them were sold on RG and you now received a 1099 for what you sold. Sounds like you need to contact the firm and or person who prepares your USA Income Tax to determine how much of the $20,000 in transaction is taxable.Quote:
Originally Posted by sixers_610
With ObamaCare being implemented in the USA, the legislation in ObamaCare was written to generate taxes from the selling of goods in the USA from transactions on Ebay and etc. which total over $20,000/year. This is the price we have to pay in the USA for the hidden tax increases of ObamaCare in the USA to pay for the entitlements for the 47% of the population in the USA who live off the USA government.
Since it's income that's taxed, I'm not worried about the actual taxes I'll have to pay, since there was no profit. I'm just worried about the high dollar amount and explaining it if asked.
Basically the 1099 just includes the cash flows in and out without any regards to whether there was a profit. If I bought and sold a watch at a price of $250, that's $500 that shows up in the 1099
And trust me, I know the story all too well. Don't blame me though, I voted for Mitt.Quote:
Originally Posted by daytonadragon
lol