HighwayMan

HighwayMan wrote

It really depends on the store. Some retailers have a profit share. If that is the case then the workser are directly affected by shrink. Small size stores, like mall shops, are affected with high levels of shrink. Corporate will cut hours to ensure the store is profitable.

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HighwayMan wrote

You do not have to worry about Ebay. Paypal is the one that will submit information to the IRS. However, you have to have made $20,000 AND over 200 transactions for PayPal to submit to the IRS.

You can still pay taxes if you feel you are at risk of being audited. Unless someone submits a 1099 the IRS will never know about your income.

The other situation to be careful of is your bank. If you are moving large sums of money around someone may report your account. This does not have to the standard $10,000 and above amount of cash.

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