Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-30 Thread Kaleb C. Striplin
> www.kegkits.com >> 256-656-1924 >> >> >> -Original Message- >> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] >> On Behalf Of John Freer >> Sent: Thursday, August 28, 2008 12:17 AM >> To: Mercedes Discussion List >> Subject: Re: [M

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread MG
I don't really see a problem there. If you need the education then you got to pay it. Manfred Date: Fri, 29 Aug 2008 12:30:31 -0400 From: "Gary Hurst" <[EMAIL PROTECTED]> Subject: Re: [MBZ] Recent IRS Ruling (no joke) ah, well, then everybody just get a tax ID number

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Gary Hurst
it can be done by people who invest the time. some just specialize in one are so they can have he expertise to spot bargains. buy for 5 and turn it for 30 all day long. On Fri, Aug 29, 2008 at 5:28 PM, Allan Streib <[EMAIL PROTECTED]> wrote: > "Gary Hurst" <[EMAIL PROTECTED]> writes: > > > ther

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Allan Streib
"Gary Hurst" <[EMAIL PROTECTED]> writes: > there are a lot of guys on ebay who go do the rounds of the estate/yard > sales and then resell on ebay. some of those guys do this full time. i > suppose it is they are who are the target here. Gawd can you really make money doing that? The stuff peo

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Mitch Haley
We currently have 1099-Misc for lots of things, including business expenses, where if you want to expense payments totaling $600 or more to a subcontractor, you have to issue the 1099 unless the subcontractor is incorporated. It sounds like the eBay scheme is attempting to do something similar

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Tom Hargrave
Sent: Friday, August 29, 2008 12:00 PM To: Mercedes Discussion List Subject: Re: [MBZ] Recent IRS Ruling (no joke) yeah, good point. so all it does is make people who are actually a business have a business tax id? i guess that seems ok to me. there are a lot of guys on ebay who go do the rounds of

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Gary Hurst
Hurst > Sent: Friday, August 29, 2008 11:31 AM > To: Mercedes Discussion List > Subject: Re: [MBZ] Recent IRS Ruling (no joke) > > ah, well, then everybody just get a tax ID number, i suppose. i think they > are free from the IRS or at least cheap. every mexican in the barrio se

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Tom Hargrave
6-656-1924 -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Gary Hurst Sent: Friday, August 29, 2008 11:31 AM To: Mercedes Discussion List Subject: Re: [MBZ] Recent IRS Ruling (no joke) ah, well, then everybody just get a tax ID number, i suppose. i

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Tom Hargrave
om: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Gary Hurst Sent: Friday, August 29, 2008 11:31 AM To: Mercedes Discussion List Subject: Re: [MBZ] Recent IRS Ruling (no joke) ah, well, then everybody just get a tax ID number, i suppose. i think they are free from the IRS or at least

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Gary Hurst
; www.kegkits.com > 256-656-1924 > > > -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > On Behalf Of Gary Hurst > Sent: Thursday, August 28, 2008 11:06 PM > To: Mercedes Discussion List > Subject: Re: [MBZ] Recent IRS Ruling (no joke) > > this

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-29 Thread Tom Hargrave
Thursday, August 28, 2008 11:06 PM To: Mercedes Discussion List Subject: Re: [MBZ] Recent IRS Ruling (no joke) this doesn't make any sense. what sort of margins does a big supermarket chain operate one? let's say 5 percent, although i understand the total is lower. so they will be l

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread Gary Hurst
om Hargrave > www.kegkits.com > 256-656-1924 > > > -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > On Behalf Of John Freer > Sent: Thursday, August 28, 2008 12:17 AM > To: Mercedes Discussion List > Subject: Re: [MBZ] Recent IR

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread Allan Streib
"LarryT" <[EMAIL PROTECTED]> writes: > I wonder how this affects CraigsList and local "Trading Post" type > of sales? Then's there's flea markets and yard sales - all ways to > move money around. IMHO the IRS should be content with employer > related withholding and leave small time entreprenour

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread Allan Streib
"Tom Hargrave" <[EMAIL PROTECTED]> writes: > A recent IRS ruling will require all CC processors (merchant > accounts) to report revenue to the IRS. And if your CC merchant > account is setup with a SS# instead of a FEIN#, your processor will > be required to withhold income tax against the revenue

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread kaleb
lone.. > > LarryT > 91 300D 2.5t > > - Original Message - > From: "Tom Hargrave" <[EMAIL PROTECTED]> > To: "a'Mercedes Discussion List'" > Cc: "'Steve Clingman'" <[EMAIL PROTECTED]> > Sent: Wednesday, August 2

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread Jim Cathey
> I wonder how this affects CraigsList and local "Trading Post" type of > sales? Not much, I'd say. CL mostly isn't involved in the payment end at all. Not sure about their commercial side whereby the infrastructure is paid for. -- Jim ___ http://www.okieb

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-28 Thread LarryT
#x27;" Cc: "'Steve Clingman'" <[EMAIL PROTECTED]> Sent: Wednesday, August 27, 2008 9:29 PM Subject: [MBZ] Recent IRS Ruling (no joke) >A recent IRS ruling will require all CC processors (merchant accounts) to > report revenue to the IRS. And if your CC mercha

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-27 Thread John Freer
st drop out of the eBay game. > This is why I stated that the ruling would hurt eBay. > > Thanks, > Tom Hargrave > www.kegkits.com > 256-656-1924 > > > -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] > On Behalf Of John Freer > Sen

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-27 Thread Tom Hargrave
rave www.kegkits.com 256-656-1924 -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of John Freer Sent: Thursday, August 28, 2008 12:17 AM To: Mercedes Discussion List Subject: Re: [MBZ] Recent IRS Ruling (no joke) According to http://www.snopes.com/politics/ta

Re: [MBZ] Recent IRS Ruling (no joke)

2008-08-27 Thread John Freer
According to http://www.snopes.com/politics/taxes/paypal.asp, this is true but the intent is to review only offshore transactions. Also applies to more than just credit cards though. On 8/27/08, Tom Hargrave <[EMAIL PROTECTED]> wore rote: > A recent IRS ruling will require all CC processors (merch

[MBZ] Recent IRS Ruling (no joke)

2008-08-27 Thread Tom Hargrave
A recent IRS ruling will require all CC processors (merchant accounts) to report revenue to the IRS. And if your CC merchant account is setup with a SS# instead of a FEIN#, your processor will be required to withhold income tax against the revenue. The ruling will affect all PayPal accounts tha