I do with my toy business, but we are power sellers on there and do about 700 auctions a month. We didn't until '02, but got reemed by the IRS. If you aren't selling a whole lot I wouldn't worry about it.
if you're making big money you better, a few have been busted and they like to make examples out of people, you can always write off everything you own though
Well, I'm planning on doing a LOT with my rock business.........sucks, never got into taxes before. just got a tax ID also...whats the best way to keep track of the taxes, keep receipts of everything, and invoices etc.?
i don't care about paying taxes, just not sure how to go about it...................... all thats to it is keeping receipts and track the sales/profits etc........but what is the tax % you take off and shit, im from NYC....im sure its fucking high! anyone know?
Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
Your best bet is to hire a certified accountant.
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Does anyone know like how much % i'm supposed to take out of the profit, im sure its like u know 100% or something, but really, does anyone know where i can find out? I'm From NYC, usa
ya grab an accountant. I do quarterly estimated tax returns. CPA is your best bet, seems your clueless to taxes, so I urge you to contact a CPA
If you make more than $400 in slef-employed imcone per year you are supposed to report it to the IRS. Just remember if you don't the IRS does have the ability to check your bank statments and if you sold $1000's of merchandise the IRS will find out. Ask yourself, are you a legit business person or a flim flam guy? If you're legit, act like it.
i would if you have made any good sum of money, i mean if its like a hundred bucks or less not so much a big deal but if you make a good profit i would
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