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<p>[QUOTE=&quot;doug444, post: 1507268, member: 38849&quot;]For the moment, you are correct.&nbsp; But you KNOW where this is leading; this is the warning shot to every eBayer and garage-saler and vest-pocket dealer in the U.S.&nbsp; And state sales tax officials will be only too happy to ride the Federal coat-tails.</p><p><br /></p><p>Here&#039;s one of the key FAQs:</p><p><br /></p><p>&nbsp; &quot;...Do I have to include the amounts from Form 1099-K on my tax return?</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; While&nbsp; the IRS has asked that taxpayers enter zero ($0.00) on the line that&nbsp; says &quot;Merchant card and third party payments.&quot; (i.e., amounts from Form&nbsp; 1099-K) they did not change the requirements for payors, such as PayPal,&nbsp; to file Form 1099-K. Please consult your tax advisor or the IRS for&nbsp; additional clarification of your tax obligations.&quot; [more][/QUOTE]</p><p><br /></p>

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