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<p>[QUOTE=&quot;Jim-P, post: 7414613, member: 118020&quot;]That IRS report linked to the NYtimes article is a hard read.&nbsp; I&#039;m sure if I tried to read it after lunch I would fall asleep.&nbsp; No mention of gig economy or people working under the table, just lumps the biggest group of evaders as nonfarm proprietors.</p><p><br /></p><p>The IRS should tap into USPS transactions to help them identify who might need a closer look.&nbsp; Anyone that does substantial web-based or mail-order business doesn&#039;t waste time waiting in line at the PO.&nbsp; A very large number of Click-N-Ship transactions without complementing amount of capital gain indicated on Form 1040 could be a flag.&nbsp; And since the 1099-K includes shipping costs but doesn&#039;t show them, the USPS numbers could also be considered an offset to 1099-K Box 1 payment passthroughs.</p><p><br /></p><p>Not so much with coins but I sold a few new old stock antique car parts on ebay such as wheel opening moldings and body side moldings.&nbsp; A substantial amount of the total cost captured on the 1099-K actually went to shipping expenses.&nbsp; I&#039;ll still report internet sales income to the IRS, but it will be nowhere near the amount shown on the 1099-K.[/QUOTE]</p><p><br /></p>

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