Selling Online?
Worried over which records to keep? Confused about which tax forms you need to file, where to report your income, or how to account for your inventory? Then this book is for you!
Taxes for Online Sellers outlines all the above and more. Line by line, you'll learn how to fill out necessary tax forms specific to the trade of online selling. You'll also learn how to get your tax obligation down by claiming a myriad of honest, legitimate deductions.
Whether it's Amazon or eBay, if you're a crafter, or buying from yardsales and wholesalers, even if you sell from your own website, this book will explain, in plain English, everything you need to know.
Find Out:
- If you are considered a business.
- Which income must be reported.
- How to account for inventories.
- How to report if you buy and sell equipment used in the business.
- How to deduct amounts for your vehicle used to go to the post office.
- How to claim home office and inventory storage deductions.
- What depreciation is and how it works.
- Additional expenses you can deduct.
- How to get your tax bill lower - legitimately.
- How to hire family, independent contractors, and other employees.
- How to file quarterly or avoid having to do so.
