Breakerculture Podcast

Today we compile the 7 most commonly asked TAX related questions for Hobbyist, Sports Card Collectors, eBay Sellers, and more. Direct from an outstanding FRANK ( @Baseball Hall of Fame Autographs  ):   1:35 How serious is a 1099?  3:11 Do you pay taxes on Revenue or Profit?  4:20 When does your hobby become a business?  8:01 How much flexibility do you get with deductions/expenses?  14:30 Should I be focusing more on COGS or End of Year Inventory?  17:30 Where does eBay Sales Tax fit into the equation?  21:00 Is going CASH ONLY a better route for a Seller / Dealer?  22:47 Where do you actually report your 1099?    Email Frank at: frankr@schreiber.cpa -- Mention you found him from Bench Clear!     Bench Clear Media Production Check out Bench Clear at: http://www.benchclear.us