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Nope that is not true, at least it wasn’t in my case. The buyer refused to return the item. Insisted that I needed to furnish a prepaid label to send it back. I’m in the USA & he’s in Canada. I could not find a way to do it. I asked him to mail it back it back to me and I would reimburse him for the postage. He refused to do it and Ebay backed him up. Ebay said since he claimed the item was NAD I had to furnish prepaid postage for him to ship it back. (He lives in one of the neighborhoods that Martin (Things I find in the garbage) cherry picks from. I was tempted to ask him to pick up the item for me just so my buyer couldn’t keep it free of charge.) I spent hours on the phone with Ebay on this case. I got a different answer every time I spoke to someone. It was one of most frustrating experiences I have dealt with in quite a while.
Yes, the buyer can lie and Ebay will back them up. It is very frustrating trying to deal with Ebay customer serivce. I had a buyer in Canada who was awful to deal with. He ended getting to keep the item and I had to refund him, according to Ebay. I was not happy (quite angry) but had to keep reminding myself about shrinkage costs. Also, this case is my motivation to get the size of my store up to move up to an anchor store so I can get access to US based Ebay customer service.
I don’t collect sales tax for items shipped out of state, but I do collect/pay sales tax on items that I ship within the state I live in, at least that’s the rules where I live. Plus the Dept of Revenue here gets quit ornery if you don’t collect/pay sales tax.
What has your accountant said about sales tax?
I was just listing to this week’s podcast and Ryanne was talking about paying taxes at the auction you guys went to last week. When I go to local auctions, I always take my tax license with me and have them set me up as a reseller so I don’t have to pay sales tax on my auction items. It saves me a little over 8% on whatever I purchase at auction.
I use SKU’s for my items, then I have an idea of how long I’ve had an item when I need to weed out the storage room.
The 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis. per Wikipedia
I do not break my Ebay fees down by item. I just expense the monthly charge. I have a line item on my profit & loss that is labeled Internet listing fees.
