Tax time is just around the corner!

Well, it's that time of the year again. Taxes are due and it's time to put the pencil to the paper and get-er-done. The IRS has a special page set up for Online Auction Sellers that has some wonderful links for us.

Online Auction Sellers Tax Center

Online Auctions Video This IRS Online Auctions video and written transcript of the video provide an overview of online auction seller tax responsibilities. Tax Tips for Online Auction Sellers This page provides information on reporting income and deducting expenses for online auction sellers. Avoiding Problems for Online Auction Sellers This page provides information to assist you in avoiding problems associated with home-based business deductions, illegal tax schemes, and personal versus business expenses for online auction sellers. Recordkeeping for Online Auction Sellers This section will assist you in maintaining your records and books of account. Tax Laws and Issues for Online Auction Sellers This page provides information on the taxability of Online Auction sales proceeds and links to additional information on specific tax issues. Online Auction Seller Hobby versus a Business This page has information on deductible expenses for a hobby and how to tell if your online auction activity is a hobby or a business. Related Links for Online Auction Sellers This page provides you links to sites that have specific information dealing with online auction sellers. General Information for Businesses Tax Information for All Small Businesses This section provides general small business information useful in all industries and professions. It includes links to small business products, employment taxes, electronic filing and paying, taxpayer burden reduction, abusive tax avoidance transactions, and many other topics. Worker Classification (Independent Contractors vs. Employees) Are you or your help independent consultants or employees? Before you can know how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.