IRS to crack down on income earned by third-party sellers on eBay, Amazon and other sites

Biden claimed his use of 87,000 new IRS Gestapo was to kill off millionaires.  Here is more proof his goal is to kill off the middle class.

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“If you’re among the nearly 4 million people who sell items on eBay, Amazon or Etsy, the IRS is watching you. The “honor system” is soon going the way of the dinosaur at the IRS. Beginning this year, the tax agency will no longer allow third-party sellers to self-report their income.

For years, sellers could hawk their merchandise on third-party sites and stay largely under the radar of the IRS.

As long as you did under $20,000 in sales, you were allowed to self-report your income.

No more, says Jennifer Chiou, a special agent with the criminal investigations unit of the IRS.

Literally going after the very poor.  That is how Socialism works.

IRS to crack down on income earned by third-party sellers on eBay, Amazon and other sites

ByMichael Finney and Randall Yip, ABC7,  3/18/23 

Beginning this year, the tax agency will no longer allow third-party sellers to self-report their income.

NOVATO, Calif. (KGO) — If you’re among the nearly 4 million people who sell items on eBay, Amazon or Etsy, the IRS is watching you. The “honor system” is soon going the way of the dinosaur at the IRS. Beginning this year, the tax agency will no longer allow third-party sellers to self-report their income.

For years, sellers could hawk their merchandise on third-party sites and stay largely under the radar of the IRS.

As long as you did under $20,000 in sales, you were allowed to self-report your income.

No more, says Jennifer Chiou, a special agent with the criminal investigations unit of the IRS.

California taxpayers got some great news today from the IRS: the federal government will not tax those Middle Class Tax Refunds after all.

“So moving forward, more and more taxpayers are actually going to be receiving form 1099s in the mail, which are due by these companies by Jan. 31,” Chiou said.

That means for sure the IRS will be collecting taxes from the revenue generated.

“These companies are required to file a 1099 on these individuals if their transactions are exceeding $600,” she said.

Failing to report can be costly.

The IRS accused Terry Fischer of Novato of not disclosing nearly $40,000 in sales on Amazon in 2020.

The agency sent him a demand notice for $14,000 in back taxes and penalties.

“I was floored. Absolutely floored,” he said.

Terry says he’s never sold anything on Amazon.

Californians who received debit cards with the funds already drained by scammers are waiting to see if they have to pay taxes on the missing money.

“I didn’t do it. They say I did. and I’m stuck with the process of proving to the IRS that I’d never got this income,” Fischer said.

Fischer contacted both Amazon and the IRS.

Amazon referred him back to the feds.

IRS responded with another letter.

“It essentially said the same thing, which you still owe and here are attached are a couple of payment vouchers,” he said.

Frustrated, he contacted 7 On Your Side. We reached out to both Amazon and the IRS.

Amazon deflected all inquiries back to the tax agency, which advised him to file a report for identity theft.

“We will be making sure to be working with the civil side to make sure there’s no other potential fraud or data breaches,” Chiou said.

Fischer says he’s been told the investigation could take a year and that he does  need to do anything further.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. Rico Lagattuta says

    Selling on eBay, Amazon or Etsy is a business venture. If a brick and motor store sold any merchandise, they would have to report the income to the IRS. Business is business. Income is income and sales tax is tax! These venders need to get a business license and be legit. Not high tech crooks.

  2. A friend periodically sold her daughter’s outgrown clothing online. She made a few bucks; another mom saved a few bucks. Much as if my friend had sold the baby clothes at a swap meet or a yard sale.
    Business license? Tax returns? Sales tax? A business venture? Are swap meets and yard sales next? Aha. Undercover IRS goons driving through the neighborhoods looking for Swap Meet signs, I can see it now.

    Having owned my own business and suffered though the years filling forms and sometimes having to borrow money to pay taxes and Social “Security” I would say to anyone like my friend, forget it. I would rather dump the baby clothes in the trash. Or give them away. (Are thrift stores collecting sales tax? Charity for the state?)

    I know there are many online sellers who have made a business of it. But your low income citizen with mouths to feed?

  3. What happened to the Republican promise that if they took at least one of the houses of government in 2022 they would refuse to fund the 80,000 new IRS agents????? Did they get “bought off”?

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