you did it to avoid sales fees. IMO you can't have it both ways but I'm not a tax CPA
well one could say that you had the intent to deceive![]()
it is a train wreck. Why any legit buyer or seller would even get involved with the site defies all logic
I understand the frustration but on Agon's behalf, in the not too distant past they had many people making deals on the side and cutting Audiogon out after the sale. I don't like it when a bill shows up in my inbox before I even know a sale is complete but I still don't know of a better place to move equipment. Last week I placed an ad for $5k+ speaker cables and they were purchased in 11 minutes at my asking price plus Paypal fee. I can put up with some of the BS for that kind of turn around.
I believe the limit is 10k. If you can show the IRS the "gift" was in fact payment for goods labeled gift to save transaction fees you should not have a problem I would think.
you dont have to send it as a "gift" there are other options like "payment owed" which is what i use to send a recieve payments w/o fees attached. yes, there is no recourse but its no diferent than sending a check. payment owed can have many connotations and im not sure what paypal's exposure is here if you claim you were defraudedthe IRS does have an interest in your paypal account if you're accepting payments with fees as goods sold and you reach an annual threshold on transactions. ask me how i know
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I don't perseverate like you do Mark. I haven't sold anything on Audiogon in years but rather through my connections and through dealers I know or as a trade in on what I want to purchase.
Steve-I don't believe your usage of the word perseverate in the above sentence was correct. And the reason why is that I don't perseverate. I will quit waving goodbye to you before you get out of my driveway let alone after you have already left and are down the street out of eyesight.
Really? Where else are you going to go to buy and sell audio gear Steve? Ebay? They suck just as hard and take more of your money in fees. There was a window of vulnerability when Audiogon had shot themselves in the foot and basically shut their site down for a period of time that someone with some good software and less greed could have swooped in and possibly taken over. It didn't happen and Audiogon is still the only game in town outside of Ebay.
As far as I know, A-gon cannot hack into your bank account. So, you are not charged until you pay. No?
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