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The Almighty Buck

IRS May Ask eBay To Snitch On Sellers 418

Makarand writes "The IRS thinks that many sellers on online auction sites are unaware of their obligation to declare their profits and pay their taxes to the IRS. Tax experts are now asking the IRS to require online auction sites like eBay, Yahoo, and Ubid to report the gross sales numbers for their sellers. Such a requirement will surely send a shock wave across the online trading world because it could drastically reduce the profits a seller would make on these sites. The IRS thinks it can collect an extra $2 billion in taxes from this requirement that auctioneers report sellers who complete 100 or transactions a year worth at least $5,000."

Comment Re:Technically??? (Score 1) 335

Although they would be tested as a system, the rules for each piece would still be different. For example, in my Wayne-Dalton system, the remote transmitter has its own FCC ID: KJ8HHT-3720. You can see from the block diagram on the FCC site that it only includes the transmitter, not the receiver. It would be difficult to argue that the receiver isn't a digital device - anything with pulses over 9000 per second, and "using digital techniques" qualifies - how do you think it decodes the transmitter key codes? Just because it has a motor drive doesn't mean it's not a digital system.

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