In an effort to crack down on under-reporting by individuals and businesses that sell goods online, an IRS official said the tax agency is discussing creating new tax reporting requirements.
The new reporting requirements could mean big changes for stand-alone Web retailers as well as individuals selling family heirlooms through popular online auction sites such as […]

A federal grand jury has indicted a Strasburg man, a man formerly of Farmersville and nine others involved in the tobacco industry. They are charged with conspiracies involving more than $4.5 million.
The case apparently alleges the buying of cheap tobacco here and the illegal resale of it in Tennessee and possibly other southern states for […]

AuctionInfo.org
Canada’s antitrust watchdog obtained a prohibition order against Sotheby’s international auction house and its Canadian unit following a probe into international price-fixing, the body said on Monday.
The Competition Bureau obtained the order from the Federal Court of Canada, barring Sotheby’s and Sotheby’s Canada — based in New York and Toronto, respectively — from agreeing with […]

Press Release
Two luxury homes, a travel center and an airport formerly owned by Patterson-UTI chief financial officer Jonathan (Jody) Nelson will be among 24 seized properties being sold at auction Sept. 28-30.
The properties, which were seized as a result of embezzlement charges against Nelson, will be sold in a series of four auctions in […]

Press Release
Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world’s largest industrial auctioneer, today announced that it conducted a large two-day auction at its permanent auction site in Houston, Texas. The unreserved public auction, which sold over 2,500 items on August 24 and 25, 2006, generated gross auction sales in excess of US$20 million.
“With customers from […]

Hundreds of thousands of dollars worth of unclaimed property went up for auction today.
People gathered at the Sheraton Tampa Riverwalk Hotel to view and bid on the items.
It included jewelry, coins, even rare baseball cards.
Everything comes from abandoned safe deposit boxes.
Jason Best, Attended Auction
“We came down from New York, and I think we did really […]

Press Release
On September 26th, John Moran Auctioneers will host their inaugural DISCOVERY SALE at the Pasadena Convention Center. The Discovery Sale will feature 150 lots of fresh estate property all of which will be offered without reserve and will be sold to bidders in the sale room only — there will be no telephone or […]