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BuzzersonKillwell

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Posts posted by BuzzersonKillwell

  1. The thing that feels missing from all of this talk is the cost / benefit ratio. Ben almost certainly flips enough that a Schedule C makes sense and is worth the hassle of tracking expenses and itemizing deductions. 
     

    For the vast majority of folks it probably won’t be worth it. Just report the 1099 as income. If you make $3,000 selling records this year you owe like $150 bucks, or more likely, you’ll have $150 less in your refund. 
     

  2. 17 minutes ago, stl_ben said:

    Paypal will send the form if you go over $600 regardless of if its F&F or not.

    I’m not sure that is true. Gifts aren’t taxable and the law explicitly states “commercial transactions”.

     

    I’m not clear how they are defining that but it could be possible to use Venmo and PayPal and not encounter this change. 

  3. Keep the distinction between reported and unreported sales in mind. Generally you have always obligated to report all income, most people just don’t and practically, it’s fine, even if it is technically a violation. 
     

    This new rule applies to “certain” online retailers and if you exceed $600 in sales, they will send a 1099 to you and the government. You do not have to guess or even necessarily track you will be notified explicitly when you’ve met the criteria for reporting. 

  4. Good riddance. A comedy of (unforced) errors on what could have been a profitable service from a brand with plenty of credibility to make it work. 
     

    I’d love to know if it was hubris, incompetence, or what the hell happened behind the scenes to get this outcome. But first, a moment of silence for this dumpster fire; you burned briefly but oh so hot.

  5. Woof on the $14.99 shipping from the ETID store. Fine print says ETID store variants are either /2000 or /1000 and the two alternate screen-printed covers (/250 each) are the more exclusives elements. 
     

    If you’re looking for more limited run vinyl color, it ain’t direct from the band.  

  6. Hahaha. This is too much!

     

    My expectations were zero so I’m not going to get bent out of shape over the $39. I gambled and lost, it happens. 
     

    But what a fucking way to launch your new subscription. I can’t imagine torching any and all goodwill at the outset of your service bodes well for the future. Who is running this fucking thing!

     

    😀🤡😀🤡
     

     

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