Language Selection

English French German Italian Portuguese Spanish

IRS may consider eBay sales taxable income

Filed under
Web

Hawking baby and children's clothes - along with some garage sale and thrift store bargains - on eBay helps Sunni Wojnarowsky bring in some extra money so she can afford to stay home with her two young boys. The additional dollars are great, but does she really need to hassle with the paperwork and report her small profit to the Internal Revenue Service? Her question, posed to the online auction site's discussion board for sellers, generated much advice - and more confusion.

In tax law, there is no clear, bright line that separates fun from profit, or a hobby from a business. But IRS instructions make it clear that all income - a category that includes bribes, gambling winnings, kickbacks and money made in illegal activities - can be taxed.

"You can't get an answer from anybody," Wojnarowsky said in an interview from her home in Brunswick, Ohio. "It would be nice to have a straightforward answer of yes, you file taxes, or no, you don't."

More than 135 million people have registered to use the auction site that calls itself "the world's online marketplace." Buyers bought more than $34 billion worth of merchandise there last year.

Some people make money by cleaning out items from their closets; others use the site to run small businesses.

"When you're working on the Internet, it's kind of a gray issue," said Bart Fooden, a certified public accountant in Woodbury, N.Y., who advises small businesses and individuals. "The big issue is whether you're doing it as a business or not."

Full Story.

More in Tux Machines

Living The Linux Laptop Lifestyle

Another great advantage of open source software: you can run it off of a flash drive before installing it. And I have to admit that I loved Linux Lite's out-of-the-box feel, so much so that I reconsidered installing my number two selection: LXLE, which is designed for underpowered older machines. According to a label on the bottom of my Toughbook, this pre-Linux laptop was decommissioned in 2005, making it well over ten years old. And so I replaced the RAM, installed Linux Lite, and after a short period, I was back to living a Linux laptop lifestyle while waiting for my charger. Read more

Mentor Embedded Linux gains cloud-based IoT platform

Mentor announced a “Mentor Embedded IoT Framework” platform that builds on top of Mentor Embedded Linux with cloud-based IoT cloud services ranging from device authentication and provisioning to monitoring and diagnostics. Mentor’s Mentor Embedded IoT Framework (MEIF) extends its Yocto Project based Mentor Embedded Linux (MEL) and Nucleus RTOS development platforms to provide cloud services for IoT device management. The platform mediates between these platforms and cloud service backends, including Amazon Web Services (AWS), Eclipse IoT, Microsoft Azure, and Siemens MindSphere. Read more

Bang & Olufsen’s RPi add-on brings digital life to old speakers

B&O and HiFiBerry have launched an open source, DIY “Beocreate 4” add-on for the Raspberry Pi that turns vintage speakers into digitally amplified, wireless-enabled smart speakers with the help of a 180-Watt 4-channel amplifier, a DSP, and a DAC. Bang & Olufsen has collaborated with HiFiBerry to create the open source, $189 Beocreate 4 channel amplifier kit. The 180 x 140 x 30mm DSP/DAC/amplifier board pairs with your BYO Raspberry Pi 3 with a goal of upcycling vintage passive speakers. Read more

Gemini PDA will ship with Android, but it also supports Debian, Ubuntu, Sailfish, and Postmarket OS (crowdfunding, work in progress)

The makers of the Gemini PDA plan to begin shipping the first units of their handheld computer to their crowdfunding campaign backers any day now. And while the folks at Planet Computer have been calling the Gemini PDA a dual OS device (with Android and Linux support) from the get go, it turns out the first units will actually just ship with Android. Read more