IRS targets comic store(s)
I do my own income taxes, but beyond that I steer clear of tax law as much as possible. Do not ask me for tax law advice. Thank the maker that it rarely affects comics. Unfortunately, it sometimes does, and the result ain’t pretty. Laura Gjovaag’s “Bloggity-Blog-Blog-Blog” has the details of a case in which the IRS is essentially making up numbers that “prove” that Corner Comics of Seattle owes a ridiculous amount of money in taxes on its inventory of back issues. I don’t mind paying my share, I really don’t, but this is the sort of heavy-handed treatment and presumption of guilt over innocence that keeps “tax collector” on most people’s top 10 list of evil professions.
As Dirk Deppey points out in his ¡Journalista! blog, if the IRS can put the knife to Corner Comics, they could probably put your local purveyor of sequential art booklets out of business with the same calculus. Deppey suggests that a genuine trade association for comics retailers would provide some level of defence against this sort of thing. Such organisations do have to be careful to avoid running afoul of anti-trust and other regulations, but they’re certainly possible.