My eBay Store: [ Ссылка ] (Affiliate Link)
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Mark Tew (CPA): [ Ссылка ]
POKEMON CARD TAXES ARE COMING!
October marks the beginning of Q4 and that means tax season is just around the corner for Pokemon card sellers. Recently, the IRS announced new tax reporting guidelines for online platforms such as eBay, PayPal, Amazon, and Facebook Marketplace, lowering the tax threshold for 1099's to just $600 in sales. Meanwhile, the Inflation Reduction Act has also allocated an additional $80 billion in funding to the IRS to enforce tax code and audit those who are under-reporting their income.
While all sales are supposed to be reported to the IRS (regardless of amount), this new guideline will hit online resellers by surprise, many of whom have previously gone under the radar with this sales revenue. In this video, I offer three specific actions to help you prepare for taxes now before it's too late. If you sell Pokemon cards or other items online, I encourage you to do the following:
◾Overview of Tax Changes: 1:09-4:22
◾Seek a CPA Immediately: 4:23-6:19
◾Research Tax Laws and Policies: 6:20-8:59
◾Keep Records of All Expense: 9:00-15:15
◾Recap/Conclusion: 15:16-17:23
Thanks for watching,
Pokemon Classics
*Disclaimer: I am not a licensed CPA or certified tax expert. The information in this video simply reflects my personal understanding of tax laws for online selling. All tax situations are different and vary by income, location, profession, and filing status. Please consult with a professional and do your own research!
#pokemon #pokemoncards #pokemontcg
✅CARD PROTECTION (affiliate links)
◾UltraPro Sleeves (Amazon): [ Ссылка ]
◾BCW Toploaders (Amazon): [ Ссылка ]
◾Card Savers (Amazon): [ Ссылка ]
◾PSA SLEEVES (Amazon): [ Ссылка ]
✅CARD STORAGE (affiliate links)
◾Divided Storage Box (Amazon): [ Ссылка ]
◾Monster Storage Box (Amazon): [ Ссылка ]
◾Toploader Storage Box (Amazon): [ Ссылка ]
◾Graded Card Storage Box (Amazon): [ Ссылка ]
✅CARD DISPLAY (affiliate links)
◾Black UltraPro Stands (Amazon): [ Ссылка ]
◾Acrylic Easel Stands (Amazon): [ Ссылка ]
◾Acrylic Risers (Amazon): [ Ссылка ]
◾36 Card Display Case (Amazon): [ Ссылка ]
◾8 Card Display Case (Amazon): [ Ссылка ]
◾Acrylic Booster Box Case (Amazon): [ Ссылка ]
◾Acrylic Elite Trainer Case (Amazon): [ Ссылка ]
✅POKEMON PLUSHIES (affiliate links)
◾Charmander (Amazon): [ Ссылка ]
◾Bulbasaur (Amazon): [ Ссылка ]
◾Squirtle (Amazon): [ Ссылка ]
◾Blastoise (Amazon): [ Ссылка ]
◾Snorlax (Amazon): [ Ссылка ]
◾Gengar (Amazon): [ Ссылка ]
◾Espeon/Umbreon (Amazon): [ Ссылка ]
✅POKEMON BINDERS(affiliate links)
◾Pikachu Binder (Amazon): [ Ссылка ]
◾PokeBall Binder (Amazon): [ Ссылка ]
◾Team Rocket Binder (Amazon): [ Ссылка ]
✅POKEMON PLAYMATS (affiliate links)
◾Charizard Playmat (Amazon): [ Ссылка ]
◾Pikachu Playmat (Amazon): [ Ссылка ]
◾Mewtwo Playmat (Amazon): [ Ссылка ]
◾Mew Playmat (Amazon): [ Ссылка ]
✅POKEMON CLASSICS (Social Media)
◾YouTube: [ Ссылка ]
◾Instagram: [ Ссылка ]...
◾eBay Store: [ Ссылка ] (Affiliate Link)
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Ещё видео!