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Selling Online? Don't Forget Taxes.

By Chris Crum - Fri, 08/08/2008 - 9:55am.

Keeping in the spirit of watching out for the IRS, you might be interested to know that President Bush is about to sign new legislation that will require PayPal and other online payment services to report annual gross receipts to the IRS. As Martin Vaughan at the Wall Street Journal reports, online sellers are facing new tax rules.

News Tags: eCommerce, online business, financial, Taxes, eBusiness, mone, eBay, auctions, online selling, IRS

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