Tax Loopholes for Ebay Sellers: Pay Less Tax and Make More Money

Hundreds of Legal Deductions for eBay Sellers

If you're an online seller, take note: now you can reduce--or even eliminate--the taxes you pay using the insider tips in Tax Loopholes for eBay Sellers. You'll discover hundreds of little-known, completely legal tax deductions and reporting tips that are unique to eBay and designed to benefit small business owners. Learn what the IRS is looking for when sorting out a real business from a hobby and why it matters.

You'll get step-by-step advice on everything from setting up your business and getting a business license to creating a bookkeeping system. Use the power of eBay and the tax strategies in this book to increase your wealth, protect your assets--and lower your tax bill.

How much can you fit into your eBay tax loophole?

• Learn what the best tax-advantaged business structures are for your type of eBay business
• Get the free "The 9 Steps to Business Test" to see if your business measures up against IRS guidelines
• Identify and take advantage of hundreds of legal deductions for eBay business owners
• Determine how often you will prepare a sales and use tax report based on volume
• Set up a payroll system with the proper withholding deductions for all employees including yourself
• Create an accounting system to pay bills, input transactions, record sales, keep track of PayPal fees, and balance your business checkbook

Author: Diane Kennedy, Janelle Elms
Publisher: McGraw-Hill Companies
Published: 11/01/2005
Pages: 352
Binding Type: Paperback
Weight: 1.16lbs
Size: 9.12h x 7.44w x 0.70d
ISBN: 9780072262421

About the Author

Diane Kennedy, C.P.A. is the author of the New York Times bestseller, Real Estate Loopholes and the Wall Street Journal and BusinessWeek bestseller, Loopholes of the Rich.

Janelle Elms is the bestselling author of eBay Your Business, a lead instructor with eBay University, and a Silver PowerSeller

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