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<p>[QUOTE=&quot;GDJMSP, post: 1643342, member: 112&quot;]It would be wise for sellers to check into this more because it&#039;s not just ebay that is doing this. Other sales venues and even credit card companies are required to send reports to the IRS as well.</p><p><br /></p><p>Also, keep in mind, you, meaning everyone, are required by law to report ALL sales to the IRS regardless of the amount or number of sales. </p><p><br /></p><p>Yes this new law only requires entities like ebay and credit card companies to send reports to the IRS according to the limitations. But that doesn&#039;t mean that you as a seller are off the hook for the taxes if you fall under those limitations.[/QUOTE]</p><p><br /></p>

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