Law firm IT personnel are not held to ethical standards of ...

[newyorker26]

Law firm IT personnel are not held to ethical standards of confidentiality concerning the client information they are privy to because they are not lawyers.
 
  Indicate whether the statement is true or false

Question 2

When are sellers from online auction sites required to pay income tax?
 
  What will be an ideal response?

[Alyson.hiatt@yahoo.com]

Answer to Question 1

FALSE

Answer to Question 2

Online sellers engaged in a business may be responsible for paying federal and state income taxes and the IRS and states are increasing efforts to collect income taxes from online transactions. IRS Fact Sheet 2008-23 contains guidelines for determining whether an activity is engaged in for profit, such as a business or investment activity, or is engaged in as a hobby. Classified as either business income or capital gains, gains from e-commerce must be reported by online sellers on their annual income tax returns.

[newyorker26]

Thanks

[Alyson.hiatt@yahoo.com]

Welcome