Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-23-2017, 11:26 AM
Junior Member
 
Join Date: Apr 2017
Location: Texas
Posts: 1
Question about filing

So I am helping someone sell their sports memorabilia. The main way I accept payment is through PayPal. So I accept their funds, and then send his part to his PayPal and keep the remainder. How do I prove that I am not making all of the money that is being sent to me, as most of it goes to the guy who I'm helping. I just don't want to have to pay taxes on the full amount. I usually will sell about 10-15 items and just send his part to him via PayPal. What should I do to make sure I can prove that is not all of my income?


Last edited by Brdman1980 : 04-23-2017 at 11:45 AM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Question on filing for deceased Mother bruce7 For 2014 0 03-25-2015 11:20 PM
Question regarding W2/Tax filing Bong_india Filing Requirements 1 02-02-2015 07:37 PM
Question on Tax Filing for Business Trip WiscSmallBusine Limited Liability Company 1 10-22-2014 04:57 AM
Need help with quick 1099 filing question for LLC mlondon Limited Liability Company 1 03-07-2014 10:53 PM
Filing Status Question lrobinson For 2013 1 01-15-2014 12:57 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.