TAX 9900 Lecture Notes - Lecture 10: Garage Sale, Ebay
Document Summary
- with respect to household goods, personal effects, or other tangible personal property purchased (not for resale) in a casual sale for less than $ 1,000. Yard sale, ebay, amazon, comes from someone else. Buying ppty, you see there"s a table i like for , don"t have to worry if federal tax lien against person selling it. If you have actual knowledge, in cahoots/collusion to help someone avoid tax debt, rules don"t apply; they apply to innocent 3rd parties so commerce doesn"t come to halt. Go into store, buy stocks/bonds, yard sale, For test: motor vehicles, securities, and items sold at retail/casual. Final notice, notice of intent to levy and notice of your right to a. Warns of levy unless payment of the full amount due is made or collection due process rights are invoked under section 6330 within the next thirty days.
