I created website to sell my photographs. Where and how do I need to register my small business to pay taxes?

Answer 1

Register with your state dept of revenue to be able to collect sales tax, which you are required to do if you sell to residents of your state.

You pay state and federal income tax on your profits as part of your regular tax returns - no special registration is needed to do that. On your federal return, you'll file a schedule C or C-EZ, and a schedule SE to calculate your self-employment tax, along with a form 1040. The forms for state returns vary by state.

Answer 2

a million. Your difficulty is barely proper in an industry it is an oligopoly or monopoly. Industries that are on the brink of or are in proper opposition with substitutable products won't be able to proportionately strengthen expenses on their expenses to maintain income margin after taxes. 2. in spite of the the tax fee, US exertions will on no account compete with 0.33 international exertions. era. Our greatest exports at the instant are organic components and processed scrap, chemical compounds, and sophisticated equipment. particularly issues that third international countries cant produce, issues that are subsidized by way of the U. S. government, or issues that third international countries dont have adequate comprehend-how for. If it particularly is made to even a minimum time-honored in a 0.33 international united states of america, its being made there suitable now. which will on no account replace no count how low you drop the tax fee.

Answer 3

You have to collect sales tax when the customer is from your home state, if you live in a state that collects sales taxes. Your state revenue service can sign you up.

If that's really the name you use, then while you're at it, ask if there are any porn regulations that apply. If that's not you, I suggest you change your Yahoo name.

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