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<p>[QUOTE=&quot;cerdsalicious, post: 833303, member: 22135&quot;]if your selling online and take payment online for those transactions and it exceeds $20,000 or 200 sales per taxable year, you have to report it to the IRS. And im sure if you dont ebay and paypal (well theyre both the same) will comply with the feds. Same with amazon and other major companies.</p><p>No one wants an IRS audit.</p><p>Best suggestion is report your profits. it doesnt hurt to pay 9%. plus the cost of the coin is taken into account by the feds so your only paying taxes on your profits.[/QUOTE]</p><p><br /></p>

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