I am VERY bad on keeping all the records i had from all my purchases, from what i paid for items and my inventory list, all i have left to show is what i paid for shipping and fees from ebay and paypal. . . .i've been selling here and there on ebay for 2 years now and i have never received any forms from paypal or any notice from the IRS YET!!, i think the year 2011 paypal will enforce the reporting of earnings more seriously. Does paypal automatically send the 1099 forms? or do i have to fill one out when i do my w2 forms, I also work full time too . . .and every year my accoutant take care of all my taxing, Will i be audited for the year 2010? i've been doing the same for 2009 and did not get audited, but i'm a little worried for 2010. Can anyone let me know what to do? Because i'm not earning much on ebay anyways, I am thinking of just stop selling once and for all, due to these complicated irs ripping our hardworking americans trying to earn an extra buck to support our families!
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