Product Description

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

Product Details

• Amazon Sales Rank: #18468 in Books
• Published on: 2005-11-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 352 pages

From the Back Cover

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

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

Customer Reviews

Excellent book! Great info and an inspiration to sell on ebay
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...
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
Everyone needs to read this book that is operating an eBay business large or small.