I sold on eBay in 2020 and payments for sold items go directly to PayPal. PayPal states they only issue a 1099-K if both sales over the calendar year exceed $20,000 and total sales exceed 200. My sales exceeded $20,000 but my total number of sales were less than 200. I never received a 1099-K from PayPal for this reason. I assume the IRS will not receive one either. Do I report my sales or not?

September 27th, 2024

I did not receive my second stimulus check and I am trying to find out why. I am a widow and really could use that money. How can I claim it?

July 9th, 2024

I traded the firm's capital of $100,000 and made a $5,500 profit. I also have a regular job in retail. What would be the average amount I would have to pay in taxes for the $5,500, and how long do I have to pay it? Additionally, can the $650 fee for taking an evaluation each time to trade the firm's capital be used as a write-off, especially since I spent around $15,000 in fees and made only $5,500 in profit?

October 21st, 2023

If I work temporarily from another state for a month, do I need to pay income tax for that nonresident state, and how does this affect my resident state taxes?

September 27th, 2023

What are the tax provisions and expenses for working from home, especially in the context of being forced to work from home?

December 18th, 2023