IRS wants to tax online sales
The US Treasury Department is making a charge at forcing Internet auction sites to turn over the identities and social insurance numbers of their users to the IRS so they can keep tabs on income made through these types of sales.
It is reported that nearly 700,000 Americans make their primary or secondary income from online sales. This is income that could easily go unreported, prompting the Treasury Department to consider action. But at what cost? Sure, Amazon and EBay and the like will take a hit, but will continue to profit. But many of the lesser known sites may not have the physical or financial stability to stay afloat if they are required to obtain and report the identities of their users.
