Category Archives: Cost of Goods Solc

New Business Taxation

  Today TaxMama hears from Bradley in the TaxQuips Forum with a business idea. “I’m thinking about starting a business like Groupon. My partners and I are planning on sharing the cost of the coupon with the company offering it. We want to know if we will be taxed on the full amount, or just […]

eBay Sellers Audit Target

Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry. “I read in a Washington Post article that eBay will now start sending sellers with more than 200 transactions a 1099-K form so that they have to pay taxes on their eBay selling.  I have over 200 transactions. Because I buy most of […]