Donger Posted January 16, 2019 Share Posted January 16, 2019 When I logged into CL today I got a notice that they were now collecting sales tax on items being shipped to NY. Are they doing this for all states? Did anyone else get the notification? Thanks, Donger Link to comment Share on other sites More sharing options...
mattn792 Posted January 17, 2019 Share Posted January 17, 2019 4 hours ago, Donger said: When I logged into CL today I got a notice that they were now collecting sales tax on items being shipped to NY. Are they doing this for all states? Did anyone else get the notification? Thanks, Donger https://www.usatoday.com/story/money/business/2018/12/23/sales-tax-online-retailers-begin-collect-internet-customers/2387450002/ Apparently this will apply to several states. Link to comment Share on other sites More sharing options...
Buzzetta Posted January 17, 2019 Share Posted January 17, 2019 Well looks like Comic Link is now on the same playing field as Comic Connect and Heritage. Booooo It's facebook tiiiiiiiiiime ! toto 1 Link to comment Share on other sites More sharing options...
Black_Adam Posted January 17, 2019 Share Posted January 17, 2019 12 hours ago, Buzzetta said: Well looks like Comic Link is now on the same playing field as Comic Connect and Heritage. Booooo It's facebook tiiiiiiiiiime ! and Ebay...they are also charging tax on all sales shipped to the aforementioned states. Here is ComicConnect's take on it: https://www.comicconnect.com/load_page.php?page=SalesTax Link to comment Share on other sites More sharing options...
Dark Knight Posted January 17, 2019 Share Posted January 17, 2019 (edited) 13 hours ago, Buzzetta said: Well looks like Comic Link is now on the same playing field as Comic Connect and Heritage. Booooo It's facebook tiiiiiiiiiime ! Yeah, but how secured and safe are you in say buying a big book. Can you actually trust the seller 100%? I think selling on FB or any social media is the same as selling on ebay minus the new tax laws with ebay but at least with ebay, you do have some buyer's and seller's protection. With FB and IG, that's thrown out the window. Also there's no middleman to check and make sure everything is legit for either one of them. I'd rather pay the auction house the 10% or so to have peace of mind Edited January 17, 2019 by Dark Knight Link to comment Share on other sites More sharing options...
Bomber-Bob Posted January 17, 2019 Share Posted January 17, 2019 13 hours ago, Buzzetta said: Well looks like Comic Link is now on the same playing field as Comic Connect and Heritage. Booooo It's facebook tiiiiiiiiiime ! I'm in Illinois and I got my notice from Clink last year. First Heritage, then CLink, and lastly ComicConnect for Illinois. I think E-Bay also but I never buy any comics from them. Now, here is the big question. Are dealers with Website orders going to start to collect ? Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted January 17, 2019 Share Posted January 17, 2019 13 hours ago, Buzzetta said: Well looks like Comic Link is now on the same playing field as Comic Connect and Heritage. Booooo It's facebook tiiiiiiiiiime ! Facebook comic sellers are reminiscent of Flea Market sellers who have no idea how to grade and price. Link to comment Share on other sites More sharing options...
Spiderturtle Posted January 17, 2019 Share Posted January 17, 2019 9 minutes ago, Bomber-Bob said: I'm in Illinois and I got my notice from Clink last year. First Heritage, then CLink, and lastly ComicConnect for Illinois. I think E-Bay also but I never buy any comics from them. Now, here is the big question. Are dealers with Website orders going to start to collect ? I've bought from ebay and a huge online dealer from texas in 2019 and wasn't charge taxes Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted January 17, 2019 Share Posted January 17, 2019 Just now, Spiderturtle said: I've bought from ebay and a huge online dealer from texas in 2019 and wasn't charge taxes Texas is one of the states that hasn’t come up with the legislation to tax auction houses located elsewhere and selling to Texas buyers. But for the auction houses located IN Texas, they are supposed to collect taxes, and Heritage does it to me every time Link to comment Share on other sites More sharing options...
blazingbob Posted January 17, 2019 Share Posted January 17, 2019 (edited) 24 minutes ago, Dark Knight said: Yeah, but how secured and safe are you in say buying a big book. Can you actually trust the seller 100%? I think selling on FB or any social media is the same as selling on ebay minus the new tax laws with ebay but at least with ebay, you do have some buyer's and seller's protection. With FB and IG, that's thrown out the window. Also there's no middleman to check and make sure everything is legit for either one of them. I'd rather pay the auction house the 10% or so to have peace of mind Doesn't matter what platform the seller sells the book. If they are taking an electronic payment the seller is "supposed" to follow that States new online sales tax rules. South Dakota has a $100K, 200 transactions for a year, that year is rolling quarter to quarter. California adopted the same rules. If you are taking paypal payments that state can audit your paypal or merchant services transactions, just like the US Govt tracks the 1099 you are getting from paypal today. The big issue that comes to question is how vigilant the states will be in auditing. If your state is already aggressive CA, PA are two that come to mind then you may get a letter or call for sales tax. The Auction houses are probably doing the $100K/200 transactions in most of the states so they are implementing the collection of sales tax. If you are dealing with somebody that isn't charging you sales tax they are probably under that threshold. But that doesn't mean you won't eventually get taxed since as I state above the threshold is not $100K/200 transactions a calendar year, its $100K/200 transactions quarter over quarter. You hit either of the thresholds and you are supposed to start collecting. Now the part that I'm wondering out loud is how the state would know that information without auditing your paypal or merchant services account. Edited January 17, 2019 by blazingbob alexgross.com 1 Link to comment Share on other sites More sharing options...
GreatCaesarsGhost Posted January 17, 2019 Share Posted January 17, 2019 1 minute ago, blazingbob said: Doesn't matter what platform the seller sells the book. If they are taking an electronic payment the seller is "supposed" to follow that States new online sales tax rules. South Dakota has a $100K, 200 transactions for a year, that year is rolling quarter to quarter. If you are taking paypal payments that state can audit your paypal or merchant services transactions, just like the US Govt tracks the 1099 you are getting from paypal today. The big issue that comes to question is how vigilant the states will be in auditing. If your state is already aggressive CA, PA are two that come to mind then you may get a letter or call for sales tax. Having just come thru a 2 year audit, I can tell you the IRS will ask for your paypal records. I don’t know why, because other posts I’ve seen suggest that paypal already sends records to the IRS. Fortunately, my 2 years of hell ended with “no adjustments” imposed by those IRS pirates. ThothAmon 1 Link to comment Share on other sites More sharing options...
The Less Blob Posted January 17, 2019 Share Posted January 17, 2019 7 minutes ago, blazingbob said: Doesn't matter what platform the seller sells the book. If they are taking an electronic payment the seller is "supposed" to follow that States new online sales tax rules. South Dakota has a $100K, 200 transactions for a year, that year is rolling quarter to quarter. California adopted the same rules. If you are taking paypal payments that state can audit your paypal or merchant services transactions, just like the US Govt tracks the 1099 you are getting from paypal today. The big issue that comes to question is how vigilant the states will be in auditing. If your state is already aggressive CA, PA are two that come to mind then you may get a letter or call for sales tax. The Auction houses are probably doing the $100K/200 transactions in most of the states so they are implementing the collection of sales tax. If you are dealing with somebody that isn't charging you sales tax they are probably under that threshold. But that doesn't mean you won't eventually get taxed since as I state above the threshold is not $100K/200 transactions a calendar year, its $100K/200 transactions quarter over quarter. You hit either of the thresholds and you are supposed to start collecting. Now the part that I'm wondering out loud is how the state would know that information without auditing your paypal or merchant services account. CLink may be shipping millions of $ in books to NY (and used to be here), so that's probably it. Same for CA and Florida I assume. Link to comment Share on other sites More sharing options...
Dark Knight Posted January 17, 2019 Share Posted January 17, 2019 I know Paypal has a 200 transaction and $200K in sale threshold where they will send you a form 1099-k tax form. With the new individual state laws applied, how would this affect paypal transactions? Will Paypal adjust to what the state laws are or keep it the same? Link to comment Share on other sites More sharing options...
blazingbob Posted January 17, 2019 Share Posted January 17, 2019 the 200/$200K is for reporting income, sales tax agency is separate agency. Dark Knight and ADAMANTIUM 1 1 Link to comment Share on other sites More sharing options...
ADAMANTIUM Posted January 17, 2019 Share Posted January 17, 2019 2 minutes ago, blazingbob said: the 200/$200K is for reporting income, sales tax agency is separate agency. so you have to report income over $200 throughout the whole year on paypal? I just started selling via paypal on ebay in 2018, what should I expect? a form from PayPal this Spring? I only sold maybe close to $500-600 in 2018.... Link to comment Share on other sites More sharing options...
blazingbob Posted January 17, 2019 Share Posted January 17, 2019 (edited) Sorry for the error. Amounts corrected below 200 transactions and 20K you get a 1099 from paypal. Edited January 17, 2019 by blazingbob F For Fake and ADAMANTIUM 2 Link to comment Share on other sites More sharing options...
ADAMANTIUM Posted January 17, 2019 Share Posted January 17, 2019 5 minutes ago, blazingbob said: 200 transactions or 200K you get a 1099 from paypal. ah I see, I just called them too, I wasn't even close to that so but I had an uh oh moment hahaha Link to comment Share on other sites More sharing options...
bug33fouf Posted January 17, 2019 Share Posted January 17, 2019 Link to comment Share on other sites More sharing options...
ygogolak Posted January 17, 2019 Share Posted January 17, 2019 43 minutes ago, Dark Knight said: I know Paypal has a 200 transaction and $200K in sale threshold where they will send you a form 1099-k tax form. With the new individual state laws applied, how would this affect paypal transactions? Will Paypal adjust to what the state laws are or keep it the same? It's $20k in gross sales, not 200. https://www.paypal.com/us/smarthelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-1099-tax-statement-faq729 Link to comment Share on other sites More sharing options...
Dark Knight Posted January 17, 2019 Share Posted January 17, 2019 1 minute ago, ygogolak said: It's $20k in gross sales, not 200. https://www.paypal.com/us/smarthelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-1099-tax-statement-faq729 AND 200 sales. If you only had $20k worth of payment and 199 in sales you won't get a form. Link to comment Share on other sites More sharing options...