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  1. #1
    KzScrapper's Avatar
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    Quote Originally Posted by ozzy214 View Post
    If you sell 200 items or 20k a year, then you need a ein number or ss or tin number for paying taxes. Under those limits, then tax free in the eyes of the irs.
    First part may be right but last sentence is just plain wrong.

    Recyclable Material Merchant Wholesaler
    Certified Zip-Tie Mechanic
    "Give them enough so they can do something with it, but not too much that they won't do nothing."

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    JohnC4X4's Avatar
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    Quote Originally Posted by KzScrapper View Post
    First part may be right but last sentence is just plain wrong.
    YAH >> the IRS wants their cut of all profit

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  5. #3
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    Quote Originally Posted by JohnC4X4 View Post
    YAH >> the IRS wants their cut of all profit
    And to the IRS it's all profit until you prove otherwise. Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

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