You will need to check with your local state laws for taxes as they relate to what you are doing. But essentially, if you are selling items on eBay, it is a business and any profit generated on sales should be included as taxable income for state and federal purposes. Visit with your tax advisor for more specifics.
Jim Koch launched the Boston Beer Company from his kitchen table in 1984. Now, 30 years later, the leader of the craft brewing movement is doing more than $700 million in sales. Here’s what he learned about starting up.
The Coolest -- a cooler that comes equipped with a rechargeable blender for mixed drinks, a smartphone charger and other goodies -- is currently the second most funded project in the crowdfunding site’s history.