Tax Loopholes for eBay Sellers | 
 enlarge | Authors: Diane Kennedy, Janelle Elms
Publisher: McGraw-Hill
Category: Book
List Price: $24.95
Buy Used: $6.25
You Save: $18.70 (75%)
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Rating:  12 reviews
Sales Rank: 185816
Media: Paperback
Edition: 1
Pages: 352
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 8.8 x 7.4 x 0.7
ISBN: 0072262427
Dewey Decimal Number: 658.87
EAN: 9780072262421
ASIN: 0072262427
Publication Date: November 1, 2005
Availability: Usually ships in 1-2 business days
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Shipping: International shipping available
Condition: Standard used condition.
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Product Description
Hundreds of 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
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| Customer Reviews: Read 7 more reviews...
 Excellent book! Great info and an inspiration to sell on ebay August 20, 2008
Janet, California (California)
This book was an inspiration for me to start my ebay business!! Great info and insight into the tax situation.
 Of All The Books I've Read on EBay... January 24, 2008
Jennifer Smith (Greene, NY)
3 out of 5 found this review helpful
I've read nearly every book there is pertaining to online selling, marketing, taxes, blogging, search engines, etc. and this book is the best one above all.
If you are selling online, and you are not claiming the deductions that you are legally entitled to, either because you don't know they exist or because you don't want to claim your income, you obviously have no idea what you are missing out on! (I know, I know - you shouldn't end a sentence with a preposition) You are FAR better off claiming your income and taking the deductions!
We have been selling bluing services and items on commission on eBay for several years. We cannot say enough about this book. It is very easy to read and well written to allow ease in referencing information later.
Go ahead! Spend the few dollars! It will be well worth it and - you can write it off!
Jennifer Smith
www.PrecisionBluingPlus.com
Keep tax man happy June 13, 2007
Jimmy Stewart (Atlanta, GA)
2 out of 4 found this review helpful
Everyone needs to read this book that is operating an eBay business large or small.
An Amazing Book!!! May 16, 2007
Sherre Taylor (Alexandria, VA)
4 out of 6 found this review helpful
This book is THE book to get if you have any questions about setting up an eBay business. It doesn't matter if you're doing your business full-time, part-time, or just every now and then - this book is chock full of great ideas on how to set it up. The section on setting up your financial books is worth the price alone! Tax loopholes are made for business owners and you are only cheating yourself by not taking advantage of them. Stop reading this review and order the book NOW!
 Not Much Help April 5, 2007
Anonymous Reviewer
12 out of 18 found this review helpful
This book is intended primarily for incorporated Ebay sellers or Ebay sellers who plan to incorporate. It is of limited value for small businesses that are privately owned and filing a Schedule C tax form. I do not recommend it.
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