Summary: <p>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 (<a href="https://studio.youtube.com/channel/UCobUxPTOuYogwVVigJqMfAw"> @Baseball Hall of Fame Autographs </a> ): </p> <p>1:35 How serious is a 1099? </p> <p>3:11 Do you pay taxes on Revenue or Profit? </p> <p>4:20 When does your hobby become a business? </p> <p>8:01 How much flexibility do you get with deductions/expenses? </p> <p>14:30 Should I be focusing more on COGS or End of Year Inventory? </p> <p>17:30 Where does eBay Sales Tax fit into the equation? </p> <p>21:00 Is going CASH ONLY a better route for a Seller / Dealer? </p> <p>22:47 Where do you actually report your 1099? </p> <p>Email Frank at: frankr@schreiber.cpa -- Mention you found him from Bench Clear! </p> <p>Bench Clear Media Production Check out Bench Clear at: http://www.benchclear.us</p>
