Episode 50: Q4 Checklist - Super Spooky Tax Special

Send us Fan MailWelcome to our super spooky tax episode! Today we have special guest Kevin Reeth from Seller Ledger here to discuss with us some common concerns about taxes that online sellers face all the time! Kevin, like a one-man scooby-doo gang, is going to assuage our fears. Here’s what he’s covering, with a checklist included!1. Getting a 1099K for the first time2. Being taxed on the sale of personal itemshttps://sellerledger.com/1099-k-personal-sales/ 3. Put an expense in the wrong category4. Being audited - what are the odds?5. Being audited - what actually happens?Checklist:-If you get a 1099k, keep a copy of it on file. -Flag and subtotal your personal sales-Do your best to keep it organized. As long as you can back up the numbers, don’t worry about it. -Don’t cheat and don’t worryIf you love podcast content created for eBay sellers, don’t forget to follow us @sellerclubpodcast and our sponsors @ebayforsellers and @sellerledger on Instagram.Check out the best bookkeeping software for sellers out there–Seller Ledger–for an entire month for free → https://tinyurl.com/4vdbsjbpYou can register for eBay’s Winter Seller Check-In Right here – join us there on November 14th!Thanks so much for tuning in–tell a friend, rate, subscribe, review, and meet us back in the clubhouse again next week!