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Editing Challenge 3. The following letter has faults in verbs, spelling, proofreading, sentence structure, parallelism, and other writing techniques studied in this chapter. Remember, contractions should be avoided in formal business communications. Change the right and left margins to 1.25 inches. Adjust the number of blank lines following the date to show you have mastered the formatting concepts of letter parts placement. Provide proper paragraphs. Use your initials as reference initials. Erase these instructions before you save and send your revised version. Your document should fit on one page.
Raintree Financial Services
Certified Financial PlannerS
3392 Econlockhatchee Trail
Orlando, FL 32822-6588
407.891.2330
[Insert current date]
Mrs. Julie Noriega
392 Blue Lagoon Way
Orlando, FL 32814
Dear Julie:
My name is Garth Peterson, and this is to inform you that, as your Financial Planner, I’m happy to respond to your request for clarification on the Tax status of eBay profits.
As you in all probability are all ready aware of, you can use eBay to clean out your closets or eBay can be used to run a small business. Your smart to enquire about your tax liability. Although there is no clear line that separates fun from profit or a hobby from a business. One thing is certin, the IRS taxs all income.
There are a number of factors that help determine whether or not your hobby should or should not be considered a business. To use eBay safely the following questions should be considered:
Do you run the operation in a businesslike manner? Do you keep records, is your profit and loss tracked, and how about keeping a seperate checking account?
Do you devote alot of time and effort to eBay? If you spend eighteen hours a day selling on eBay the IRS would tend to think your in a business.
Some people depend on the income from their eBay activities for their livelihood. The IRS will be interested to know if you are selling items for more then they cost you. If you spend four dollars for a Garage Sale vase and sell it for fifty dollars the IRS would probably consider this a business transaction. All profits is taxable. Even for eBay sellers who are just playing around. If you wish to discuss this faarther please call me at 551-8791.
Sincerely,
Garth Peterson [or Your Name]
Certified Financial Planner
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