Are You Required To Report Your Ebay Earnings?

By Kristine McKinley

Many people ask me if they are required to report the profits they earn on items they sell on eBay on their income tax return. In short, yes.

If you sell items on eBay for a profit, then you should report your eBay sales on your income tax return, and you may owe income taxes on any profits. It doesn’t matter if it’s just a hobby or if you are trying to build a business – if you earned a profit it’s taxable income.

Generally, any income you receive from all sources is subject to income tax unless it is specifically exempt by law (hint: eBay profits are not exempt).


You must file a tax return if your net earnings from self employment are $400 or more. You are self employed if you carry on a trade or business for profit. If you are selling on eBay with the intent of making a profit, then you are self employed.

To report your eBay earnings, you should file Form 1040, and attach Schedule C or C-EZ. Schedule C is used to calculate your net profit or loss from your business, which is then reported on your Form 1040. This is assuming you are a sole proprietor. If you are incorporated, you have to file a separate business return. You will file Form 1120 or Form 1120s (for S Corporations). If you are a partnership, you will file Form 1065.

At this point, you may be thinking ‘I don’t run a business; I just sell on eBay as a hobby’. Unfortunately, income from hobbies is taxable as well. Even worse, you can only deduct expenses up to your hobby income, which means losses are not deductible.

Finally, there is a common misconception that if you did not receive a 1099 or W-2, you are not required to report your income. This is not true. All income is reportable, regardless of whether you receive a form or not. EBay is only a facilitator of the auction; therefore you will not receive a 1099 from eBay reporting your sales.

To your financial success,

Kristine McKinley

About the Author: Kristine A. McKinley is a CPA and Certified Financial Planner. For more information on eBay taxes, sign up for our free special report ‘Tax Tips for eBay Sellers’. =>


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Coffee Shop Millionaire Review We Review Anthony Trister Coffee Shop Millionaire Program

By Mike Smitt

let me ask you a simple questions. Are you looking to make money online? I know the answer to that is yes, because you are here reading this page; and you have been looking and researching the program from Anthony Trister Coffee Shop Millionaire.

The problem is though, you might be thinking or asking yourself if the program is a scam or not. Well, I am here to tell you that know this program is not a scam. This program is a training program that features some of the best techniques that you will ever find on learning the proper way to make money online.

If you ever wanted to get started working at home or from where ever you have internet access than this program is for you. This program was created by one of the top internet marketers.

Anthony has made millions online as you can see by his audit proof screen shots on his website and he is going to teach you the exact techniques that has made him millions. All I can say that if you do invest in this program, it maybe the best investment that you will make in your online education all year.


I know they are different ways to make money online. I have listed some below:

If you are not interested in selling? Don’t worry, there are ways to make money without selling a thing. One is Google Adsense. Ever see those ads on the side of Google or in the side panel of a website? That’s Adsense.

All you have to do is direct the user to the ads that you place on your website and when they click it. You get paid. That simple. You can use Google adsense to:

1. Set up a niche website with Adsense – Choose a niche, get a domain, then sign up at Get a free blog from

2. Be Informative- Fill the blog with interesting content by writing articles, posting youtube and other videos, interview experts in your niche. The more interesting your articles and videos, the better.

3. Promote- Get traffic back to your site with social bookmarking, social media, ping directories, article and RSS feeds, etc. The more you promote, the more traffic you get, which means more money, how sweet is that?!

4. Get Paid- Finally, add Adsense to your blog! You can really do this at any time, its not hard and there are even plugins if you use Word press to manage the ads. Make sure you place your ads in highly visible positions on your site. The higher your click-through-rate (CTR) the more you stand to make!

There are many ways to do it, but Anthony Trister Coffee shop millionaire is by far one of the best ways to make the money online.

Remember, you can’t let fear stop you when it comes to your dreams. If you want to make money online, you have to go out and grab it. You have to want to succeed. You have to want to change and make a difference in your life. This is what a product like the Coffee Shop Millionaire can do for you. We provide a complete review of this program at our website.

About the Author: Visit our website now to read read our complete review on

Coffee Shop Millionaire



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Best Credit Union Rates For Auto Refinance 5 Steps To Getting The Best Rate

By Susan Willis

If you own a car, you have probably heard that refinancing may be an option for you to save money on your monthly payments. And this is absolutely true, under certain conditions. The best time to refinance your auto loan is when one or more of the following is true:

a. average auto loan interest rates are down relative to those of the past few years

b. your credit score has improved over the past few years since taking out your current loan

c. you want to refinance your loan over a longer time period in order to reduce your monthly payment amount

Credit unions are becoming increasingly popular alternatives to banks. In case you are new to credit unions, from the customer’s perspective they “look and act” much like a regular bank. They have tellers, ATM machines .. . and they can extend home and auto loans to their customers.


It used to be that credit unions had very strict membership policies, but nowadays you can find a credit union to join fairly easily without much in the way of pre-qualification. And, they are a great place to shop for refinance rates.

If you are looking for the best credit union rates for auto refinance, try these 5 steps to getting yourself the best rate:

1. Start by checking their websites for posted rate information:

Scope out some of these institutions near you and figure out which ones you might like to do business with. Then, go online to their websites and check out their posted rates for car loans. Of course, they are going to actively promote only their best-possible rates that are available to customers with excellent credit (usually, people with a credit score above 770). However, at least by checking their websites you can get a relative feel for what they are offering. Be sure to take good notes.

2. Make a list of at least 3-5 credit unions:

Now, as you examine the various stated rates, make a list of at least 3-5 of those that seem to have the best interest rates. Also, be sure to review their membership policies to make sure you qualify.

3. For comparison purposes, make a list of 3-5 other types of lenders:

Even though going with a credit union may be your best option, it will behoove you to widen the playing field a bit by researching at least 3 other types of lenders like banks, auto dealers and auto loan financing companies; add them to your list as well. It can’t hurt to have more options.

4. Choose a reasonably-priced automobile to buy:

Before you start applying for loans, make sure you have your eye on an automobile that is reasonably-priced. Remember, a lower-price automobile will mean a lower monthly payment – regardless of the interest rate. It may also help you qualify for a lower-interest loan, depending upon your credit score and income.

5. Save up for a good-size down payment if you can:

Before applying, do yourself a favor and save up for as large a down payment as possible. Like tip #4 above, this, too will help you secure the cheapest-possible loan.

Take these 5 steps to getting the best credit union rates for auto loan refinance.

About the Author: Get a list of any-credit-okay auto refinancing lenders near you at:

Bad Credit Auto Financing Deals



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Life Insurance Companies For People Over 50 Read About It

By Chad Henners

Finding affordable life insurance for over 50 year old members of your family is often a process fraught with frustration because the insurance word is usually a very complex world. Insurance documents are legal documents and life insurance for people over 50 is usually best obtained through some sort of broker whether you choose a website broker online or a live local broker in your town or city. Online brokers can certainly help you find affordable life insurance for over 50 year old members of your family. They will make the process of combing the internet a lot easier because they will do most of the work for you. You will enter your or your loved ones information once and receive many premiums offered by various insurance companies. They can help you sift through the good polices and bad polices to ensure you find the best life insurance for people over 50. Some people have a distrust of online brokers because they may not be certified professionals like brokers in your town are. Read about the article below, you will find more information about it.

There can be many benefits to an online insurance broker though and some will actually search more policies than a local broker because every thing they do is usually done automatically by computers. Computers can send your information to a variety of companies all at once and return results with graphs and charts that will make comparing the various policies a lot easier. Of course as a person you may feel more comfortable looking for life insurance for people over 50 with an expert in the business who can walk with you through the entire process. Some people find that the intimacy of having a broker who can understand their entire situation can be comforting. A broker will cost money but as a professional he is guaranteed to understand the insurance trade and will frequently find you affordable life insurance for over 50 year old members of your family or yourself if youre over 50. Many times even if you do contact a broker the best place to start can be the internet because you will be able to do a little research on your own at little to no cost to you and then you might not have to make as many appointments with your broker. This can certainly save you money and it doesnt make any sense not to see what you can come up with on your own first. Local brokers may also have reviews of them posted online for you to check out. If you look for them you can be assured youre going to the best broker in town. Youll be paying plenty for them so there is no point in not conducting this simple search for reviews either. Its certainly easier than evaluating insurance! If you decide to choose a real broker or if you even find a credible online broker you should attempt to find life insurance for people over 50 today.


About the Author: Looking for

Life Insurance for people over 50

? You can find

Affordable Life Insurance for over 50

for the lowest prices by shopping around for the best prices online here.


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