Tax Loopholes for eBay Sellers: Pay Less Tax and Make More Money (Paperback)

~ (Author), Janelle Elms (Author)
Key Phrases: hidden business deductions, home loopholes, real estate loopholes, What's Next, Prev Next Leave Figure, Accounting Assistant (more...)

Editorial Reviews

Product Description

Hundreds of Deductions for eBay Sellers!

If you’re an online seller, take note: now you can reduce--or even eliminate--the taxes you pay using the insider tips in Tax Loopholes for eBay Sellers. You’ll discover hundreds of little-known, completely legal tax deductions and reporting tips that are unique to eBay and designed to benefit small business owners. Learn what the IRS is looking for when sorting out a real business from a hobby and why it matters.

You’ll get step-by-step advice on everything from setting up your business and getting a business license to creating a bookkeeping system. Use the power of eBay and the tax strategies in this book to increase your wealth, protect your assets--and lower your tax bill.

How much can you fit into your eBay tax loophole?

-Learn what the best tax-advantaged business structures are for your type of eBay business -Get the free "The 9 Steps to Business Test" to see if your business measures up against IRS guidelines -Identify and take advantage of hundreds of legal deductions for eBay business owners -Determine how often you will prepare a sales and use tax report based on volume -Set up a payroll system with the proper withholding deductions for all employees including yourself -Create an accounting system to pay bills, input transactions, record sales, keep track of PayPal fees, and balance your business checkbook

From the Back Cover

Hundreds of Deductions for eBay Sellers!

If you’re an online seller, take note: now you can reduce--or even eliminate--the taxes you pay using the insider tips in Tax Loopholes for eBay Sellers. You’ll discover hundreds of little-known, completely legal tax deductions and reporting tips that are unique to eBay and designed to benefit small business owners. Learn what the IRS is looking for when sorting out a real business from a hobby and why it matters.

You’ll get step-by-step advice on everything from setting up your business and getting a business license to creating a bookkeeping system. Use the power of eBay and the tax strategies in this book to increase your wealth, protect your assets--and lower your tax bill.

How much can you fit into your eBay tax loophole?

• Learn what the best tax-advantaged business structures are for your type of eBay business
• Get the free “The 9 Steps to Business Test” to see if your business measures up against IRS guidelines
• Identify and take advantage of hundreds of legal deductions for eBay business owners
• Determine how often you will prepare a sales and use tax report based on volume
• Set up a payroll system with the proper withholding deductions for all employees including yourself
• Create an accounting system to pay bills, input transactions, record sales, keep track of PayPal fees, and balance your business checkbook

See all Editorial Reviews

Product Details

• Paperback: 352 pages
• Publisher: McGraw-Hill; 1 edition (November 1, 2005)
• Language: English
• ISBN-10: 0072262427
• ISBN-13: 978-0072262421
• Product Dimensions: 8.8 x 7.4 x 0.7 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #73,960 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #8 in	Books > Business & Investing > Accounting > Taxes > Tax Planning
  #10 in	Books > Computers & Internet > Business & Culture > Digital Law
  #17 in	Books > Computers & Internet > Business & Culture > eBay

Customer Reviews

Most Helpful Customer Reviews

34 of 35 people found the following review helpful:

5.0 out of 5 stars 5+++++ stars!!!!, July 14, 2006

By	J. Willard (usa) - See all my reviews (REAL NAME)

Even if you don't have an Ebay business, this book is so informative for those of us who just don't understand the behind-the-business scene. My husband and I have had a business for years and FINALLY, I now understand what the heck an "S" corporation is and why we have one, as opposed to the "c" corp that we used to have. I HIGHLY recommend this book to ANYONE starting a small business, whether its Ebay or not. Thanks to the authors for putting it in plain English.

11 of 11 people found the following review helpful:

4.0 out of 5 stars eBay Tax Gude is a useful resource, February 22, 2007

By	John C. Shaffer - See all my reviews (REAL NAME)

For a large volume eBay seller this is a vauable resource. For the more casual seller who sells occasionally or has a smaller volume of sales it is probably not necessary. It is well organized and it is easy to find the tax topic you wish to address.

17 of 19 people found the following review helpful:

5.0 out of 5 stars very helpful, November 2, 2006

By	J. Baggs (Edison, NJ USA) - See all my reviews (REAL NAME)

As a new e-bay store owner, I was in need of some tax advice. This book gave me everything I needed to know about owning a small business on e-bay. I read it cover to cover the first time and still often refer to it. Highly recommended to anyone who may not know how tax laws work for e-bay sellers.