One little aspect of this that I don't think many people realize is that you are going to have to give your SSN and/or Federal tax ID number to anyone who buys $600 or more of merchandise from you so they can include it on the 1099 they have to fill out. And as well, the 1099 YOU send to someone you buy merchandise from will include YOUR SSN too. So much for trying to protect yourself from identity theft.
Hell, if I walk into a store to buy some merchandise and the total is more that $600 and they DEMAND my SSN, I'll tell them to just shove it and walk away from the purchase.
I am SOOO glad I retired my business last year. What a headache this would have been.
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