Artistic Spaces Announces Release of Taxes for Online Sellers

Nashville, TN – November 26, 2007—Artistic Spaces Publishing announces the release of Taxes for Online Sellers, a one of a kind tax guide for the little guy pursuing internet income. The book, subtitled A How-To Guide for Individuals on Federal Tax for Internet Sales, is the only book currently on the market focusing on ecommerce taxes for the individual. Authored by Simon Elisha, it delves into the questions most commonly asked by online sellers.

Taxes for Online Sellers outlines how to properly report internet sales and take legitimate deductions against income earned. This book walks them through what to do and how to do it.

Elisha observes, “Most individuals selling online began their business by accident without ever stopping to keep proper records. Many do not even understand taxes are due on such income.” With a goal to educate and inform, Elisha is teaching the online community how to prepare for the inevitable.

The 2008 proposed federal tax budget would require brokers to report a seller’s income to the IRS. The IRS is currently able to subpoena records from third parties, such as eBay or Paypal, to obtain information about a seller’s income. eBay alone currently claims 97 million users. Though all sellers are supposed to report their online profit, it is obvious given the tax gap, a great percentage of people fail to do so. The IRS has set its sights on online sellers not claiming their incomes properly.

Cooperatively with Artistic Spaces Publishing, Elisha has set up www.taxesforonlinesellers.com. He invites readers to the site to learn more, keep updated on the latest tax laws, search state regulations, or simply find out more before they decide to buy the book. Copies may be obtained at all major online venues.

Taxes for Online Sellers—A How-To Guide for Individuals on Federal Tax for Internet Sales may be obtained for review by contacting the publisher directly.

###