2. amps-preamps
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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 3 responses by noromance

noromance's avatar
noromance
9,544 posts
 
You probably will pay more tax on your audio sales than Bezos pays in a year!
Someone posted that same thing recently.  I can't believe the irs is hunting down private sales on used items that were already taxed once. 
noromance's avatar
noromance
9,544 posts
 
Meanwhile one new billionaire every 17 hours. Billionaires' wealth increased 54% during pandemic while 8,000,000 Americans fell below the poverty line. The ordinary person is taxed to the hilt supporting the country while these guys play with their toys.
noromance's avatar
noromance
9,544 posts
 
Wouldn't it be easier for them to tax the rich instead of double taxing the workers?
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