Facebook Marketplace: Do You Have a Business & Don't know About It? with Andrea Harrington

Do you have a business and don't know about it? What does it mean to sell your stuff in Facebook Marketplace for your taxes? In this insightful episode, we unravel the intriguing concept of unwittingly owning a business and its tax implications, particularly in the realm of online selling through platforms like Facebook Marketplace. Joined by Andrea Harrington, lawyer and team manager for Texas Rio Grande Legal Aid, we explore scenarios where individuals may unknowingly find themselves in business roles and the repercussions it entails for taxes. From understanding IRS criteria to proactive compliance measures, Andrea offers invaluable guidance to navigate this complex terrain. Tune in to equip yourself with essential knowledge, ensuring you're prepared to manage your tax responsibilities effectively in the digital marketplace.