" I buy everything and then have people pay me back using Google Wallet"
Guess what? As far as the IRS is concerned, you are self-employed and your business deals with inventory too. "
"This ranges from collecting rent from everyone else to then pay the landlord"
And you're a landlord who sub-lets property you rent.
@TaxGuyBill you know what I'm going to say. Is there a shortcut around all that? If so, then so long as this continues they'll have to deal with this every single year on their taxes. Double the work if the state also taxes personal income. Not to mention the sales tax they may be required to collect on products they buy/sell.
