DUDEY wrote:Kjarkur wrote:RobinInDaHood wrote:Here in the USA, you can make up to $600 per calendar year from hobbies without paying income taxes on the profits. As such, if you exceed $600 in a year from the sale of SGW goods, you would no longer be able to claim the profit as a hobby and would instead have to file as business profit.
Naturally, the likelihood of being caught is low but the IRS does randomly audit approximately 1% of US taxpayers each year and deposits to your bank account with no record keeping would certainly not escape their attention.
Only 600 $? I think here it's allowed to be up to 3000 $
And after that you have to file it as a business profit and pay taxes.
But I'm quite sure alot of US players have sold resources for alot more then 600$, are you saying they could get away with it? Without paying taxes of it I mean.
Its all through paypal so its no something they can easily check
It could have been a sale of something second hand on ebay.
Or a friend sending you some cash
Thats why is pays to not be american. Irish gov. doesnt nothing about gmaing incomes and very little about paypal. if paypal is well known here its not really talked about. plus having a gf in america justifies me.

and when i go to america it will justify it then(mom sending cash)
if you dont withdraw the money how do they know you have it? keep the cash in paypal. i havent studied US tax alot yet but I know more than enough to hide things in ireland
another solution to avoid income tax is to register a company. i have