2007-09-05 00:19:52 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
i do i have to get a bussines license?
2007-09-05 00:31:26 · update #1
If you are making money off the webpage then you have income, and if your income from the webpage is more than your expenses of the webpage then you have a business profit, and if the business profit is more than $400 you have self-employment tax to pay.
2007-09-05 01:51:44 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, all income is taxable unless specifically excluded by law. Whether or not you need a business license is a local issue and has no affect on the taxability of any income generated.
2007-09-05 08:29:58 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Yes you pay taxes on the income as self-employment (schedule C or C-EZ). No, you don't need a business license.
2007-09-05 10:11:48 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Yes, the Internal Revenue Code says "all income, from whatever source" is to be taxed.
2007-09-05 07:24:19 · answer #4 · answered by AnOrdinaryGuy 5 · 0⤊ 0⤋
Yes.
2007-09-05 07:21:42 · answer #5 · answered by elaeblue 7 · 0⤊ 0⤋
you have to pay taxes on all money you earn no matter where it is earned.
2007-09-05 07:23:06 · answer #6 · answered by 1oldone 5 · 0⤊ 0⤋