Keep Accurate Records

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Will I have to pay taxes on income derived from my auction sales?

Keep Accurate Records

Don't be misled on the facts about Internet taxes. True, there is no Internet sales tax but there are taxes on income derived from your auctions. You will need to keep accurate records and report all income you receive from your online auctions. Talk to an accountant if you have any questions or concerns.

   

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Patricia Walters-Fischer