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


I had multiple transactions here and at US Audio Mart in 2019 and yesterday received a letter from the IRS stating the transactions were "Taxable Income" anyone else ever experience that with Paypal and now what?
Fighting the IRS is not something I look forward to!
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Showing 1 response by jond

Just wondering how much could the tax on the profits of two Primalunas a pair of Klipsch and some Jolida piece be? I get that it sucks but if you can't prove your loss just pay up. Maybe if the IRS had actual funding they wouldn't need to go after audiophiles.