Tag Archives: Auction

New Fact Sheet for Reporting Auction Income

[TaxMama note: think eBay.com and epage.com ] Courtesy of IRS Many people don’t realize the income they earn from auctions and consignment sales may be taxable. A new IRS Fact Sheet helps taxpayers better understand what income they are required to report and what deductions they may be entitled to take. http://www.irs.gov/newsroom/article/0,,id=174478,00.html [See Resource Box […]