wrote in message
...
On Sun, 10 May 2009 11:53:12 -0300, "Don White"
wrote:


wrote in message
...
On May 9, 7:27 pm, Tom Francis - SWSports
wrote:
"...the federal government now considers your garage sale a "small
business" and you, yes YOU, sitting in your folding chair on your
driveway, a "retailer"."

http://tinyurl.com/qlw6gr

Do you think the US Government is going to monitor EVERY Yard Sale in
the US?
Cash transactions don't show up on your taxes....thank God.
Sounds like grasping in desperation, to me.

I suppose the provinces/municipalities could help out by requiring a short
term license to conduct a yard sale and expect you to collect and submit
HST/GST/PST whatever...


A lot of counties and cities require a permit for a yard sale.
That would open the door for an overzealous IRS to ask you how much
you made. After all they try to tax tips.

Aren't yard sales to get rid junk in most cases. Stuff you bought at a
price and then "give" it away for a buck or two. Sounds to me like you
could take a loss on your tax return, if it wasn't already depreciated for
tax purposes. And what private party depreciates bed sheets?