http://feeds.feedburner.com/TaxesOnlineFree
Ebay And Other Buy And Sell Sidelines
Taxes - And Your Online Business
(E-bay And Other Buy And Sell Sidelines)
Most people think that the Internet is really a great
venue for earning extra income or for generating extra
money through sidelines such as buying and selling,
auctioning, etc.
Most people also believe that transacting small
sidelines or business transactions through the
Internet requires no tax.
However, the truth of the matter is, there are
actually taxes that are due for every item purchased
or sold through the Internet.
Taxes and your online business (if you have one or
planning to have one) should work hand in hand for you
not to get in trouble with the government.
Is Your Online Buying And Selling A Hobby Or A
Business?
Majority of the people who are involved with E-bay
buying and selling would try to say that they don’t
really have to pay tax from what they earn through the
Internet because they are only treating it as a hobby.
However, agents from IRS would say that whether it is
treated as a hobby or a sideline business, taxes
should be strictly implemented.
While you may think that doing business on eBay is
just something you may consider as a fun pastime, the
money that you made, are making or will make is
actually still valid to reported as income.
You need to consult with the IRS people first before
you can truly say that you are exempted from paying
taxes while you are participating in your online
business.
You see, everyone seems to love making money but when
the time comes that they have to pay their due taxes
to their beloved country, they try almost every
possible way to escape paying their taxes.
If you have your so-called online business, you should
be aware of the rules of the IRS: one is required to
pay taxes on all business and personal income and that
includes the dough you make selling stuffs on the
Internet.
Simple Earnings Still Require Tax (Sniff, Sniff)
As heartbreaking as this may sound, even the simplest
business transaction made through the Internet needs
to be reported as “income”.
For example, you bought an exquisite looking flower
vase at a flea market for $5 and then you decide to
sell it an eBay for $20. You manage to sell it for $20
so that means you had a $15 profit which would then
entail you to report it as income and pay your taxes
as fair share.
Realistically speaking, if you don’t treat eBay as a
serious and constant venue for your online business,
then perhaps you can get away with selling a few items
every now and then without having to worry about the
IRS tracking you down with their questions about tax
dues and other stuffs.
However, if you are a consistent chap at eBay, then
the IRS people might categorize your eBay
participation as something that is business oriented
and you may end up being required to file a Schedule C
form and claim the income that you have spurred.
If you are fond of doing business at eBay and other
similar sites, you may want to assess yourself by
asking yourself the following questions:
a.) Do I carry my “hobby” in a business-like manner?
B.) Do I spend considerable time working on my
“hobby”?
c.)Do I depend on income from my hobby for my
livelihood?
If the answer to all those questions are yes, then you
most definitely are not carrying a hobby, but in fact
a business. By finding out that you are already having
a mini-online business at eBay or other similar
websites, then you have to be responsible enough to
pay for your taxes on your income.
Remember that you have a responsibility for your taxes
and your online business.
Wednesday, January 11, 2012
http://feeds.feedburner.com/TaxesOnlineFree
Do You Really Have To Pay?
Taxes - And Your Online Business
(Do You Really Have To Pay?)
If you are a neophyte in realm of online business,
then perhaps you have a lot of questions that are
plaguing your mind and one of them may be all about
whether you are obliged to pay taxes for your online
business or not.
Calculating and paying your duly taxes alone is
already one confusing ride, and surely it will get
more confusing if it will be mixed with an online
business.
However, as they say, there’s no problem that cannot
be solved. With just a few tips and guides, you can
find out how to pay taxes for your online business
without any hassles or problems along the way.
The Charm Of Online Business
Before we talk about taxes and your online business,
let’s discuss first why more and more people are
getting attracted to starting their own online
business.
Well, first of all, it is very hassle-free compared to
having a business in the non-virtual world. You see,
in online business, you only have to type and click
for your business to boom.
Very minimal manual labor is needed in an online
business and one can even get to work at home in their
pajamas while managing their online business.
Now the question is: are online businessmen or
entrepreneurs exempted from paying taxes? The answer
is no. All individuals who are earning money online
are required to pay taxes.
Sure, the government can’t possibly keep track of how
much money each person generates online but then
again, it’s one of the citizens’ responsibilities to
go ahead and be responsible enough to pay for their
taxes.
The Real Deal About Most Online Businesses
The truth is, not everybody who does business online
is honestly paying their due taxes. Most online
businesses include shopping and it’s a known fact that
most if not all shoppers despise paying sales tax and
adore a bargain that is luxuriously tax-free.
The Internet is actually considered to be a great
venue for tax-free shopping which lures more and more
customers each day. Online retailers have been using a
no-tax shopping tag line to attract more online
shoppers to their business.
Sounds like a win-win situation, right? Online
shoppers enjoy numerous tax-free shopping sprees and
online retailers don’t pay their taxes. Most people
probably think that doing business through the
Internet is considered to be tax-free.
However, the fact is, some Internet sales are actually
subject to what we know as “sales tax” and online
consumers are the ones often responsible to remit any
unpaid sales tax on whatever online products they have
purchased.
They can actually remit it directly to their state
come tax-paying time.
Collecting Sales Tax The process of determining
whether you should pay taxes for your online business
or not may be quite confusing and overwhelming -
especially if it’s your first time to get involved in
online business.
However, here are just some few tips you should
remember: the obligation to pay the so-called “Sales
Tax” can be determined by the location of the
customers, and not the seller.
If a business does not actually have a physical
presence in a particular state (an example of this
would be your online store or business), it is not
required to collect sales tax from costumers in that
certain state.
Do You Really Have To Pay?
Taxes - And Your Online Business
(Do You Really Have To Pay?)
If you are a neophyte in realm of online business,
then perhaps you have a lot of questions that are
plaguing your mind and one of them may be all about
whether you are obliged to pay taxes for your online
business or not.
Calculating and paying your duly taxes alone is
already one confusing ride, and surely it will get
more confusing if it will be mixed with an online
business.
However, as they say, there’s no problem that cannot
be solved. With just a few tips and guides, you can
find out how to pay taxes for your online business
without any hassles or problems along the way.
The Charm Of Online Business
Before we talk about taxes and your online business,
let’s discuss first why more and more people are
getting attracted to starting their own online
business.
Well, first of all, it is very hassle-free compared to
having a business in the non-virtual world. You see,
in online business, you only have to type and click
for your business to boom.
Very minimal manual labor is needed in an online
business and one can even get to work at home in their
pajamas while managing their online business.
Now the question is: are online businessmen or
entrepreneurs exempted from paying taxes? The answer
is no. All individuals who are earning money online
are required to pay taxes.
Sure, the government can’t possibly keep track of how
much money each person generates online but then
again, it’s one of the citizens’ responsibilities to
go ahead and be responsible enough to pay for their
taxes.
The Real Deal About Most Online Businesses
The truth is, not everybody who does business online
is honestly paying their due taxes. Most online
businesses include shopping and it’s a known fact that
most if not all shoppers despise paying sales tax and
adore a bargain that is luxuriously tax-free.
The Internet is actually considered to be a great
venue for tax-free shopping which lures more and more
customers each day. Online retailers have been using a
no-tax shopping tag line to attract more online
shoppers to their business.
Sounds like a win-win situation, right? Online
shoppers enjoy numerous tax-free shopping sprees and
online retailers don’t pay their taxes. Most people
probably think that doing business through the
Internet is considered to be tax-free.
However, the fact is, some Internet sales are actually
subject to what we know as “sales tax” and online
consumers are the ones often responsible to remit any
unpaid sales tax on whatever online products they have
purchased.
They can actually remit it directly to their state
come tax-paying time.
Collecting Sales Tax The process of determining
whether you should pay taxes for your online business
or not may be quite confusing and overwhelming -
especially if it’s your first time to get involved in
online business.
However, here are just some few tips you should
remember: the obligation to pay the so-called “Sales
Tax” can be determined by the location of the
customers, and not the seller.
If a business does not actually have a physical
presence in a particular state (an example of this
would be your online store or business), it is not
required to collect sales tax from costumers in that
certain state.
http://feeds.feedburner.com/TaxesOnlineFree
Do I Have To Pay Taxes?
Taxes - And Your Online Business
(Do I Have To Pay Taxes?)
Perhaps the most common misconceptions about taxes and
your online business is that the two are not related
to each other. Most people think that online
businesses are not really taxed that’s why more and
more people are becoming attracted to start their very
own online business.
If you are one of the many people who is interested in
starting your own online business or if you already
have an online business of your own, then for sure you
have heard about the controversies about online
businesses and taxes.
Most people who don’t really have a stable background
about online businesses and taxes would most probably
guess that owners of online businesses are able to be
exempted from paying taxes.
However, in reality, online businesses are still
covered with tax dues.
“But I Am Working At Home”
And Other Lame Excuses Not To Pay Taxes
The most common excuse of people who have online
businesses who wish to ditch paying taxes is that they
are “working at home”. What most people don’t realize
is that taxes are actually based on the sources and
amount of the income as well as the types of services
and products sold; not on the location of the
business.
So whether you are working at home, in a store or in a
warehouse, you are still obliged to pay for whatever
tax is due to you.
Internet Tax Is Just Like Any Business Tax Basically,
online businesses are taxed just like any other
business. The government does not actually collect
income taxes based on how a business operates but
instead, it focuses on the form of the business.
A business based on the Internet still has to register
for GST and PST (if applicable) just like any other
business. Whether your online business is a sole
proprietorship or incorporated, you will still need to
fill up some important forms so that your online
business can be deemed as legal and so that you can
pay the proper taxes regularly.
There is actually no big difference between the tax
responsibility of an online business and any other
business.
Online Businesses And Federal Taxes
If you have an online business and you are wondering
if you still need to pay federal taxes, the answer is
yes. But before you go around and complain about the
unfairness of the world, you might as well learn more
about the federal taxes that you need to pay.
If you are a sole proprietor of an online business,
any income you earn through your online business will
be taxed as income on your PTR or personal tax return.
In addition to that, you are also obliged to pay your
portion of social security and medicare taxes using
schedule SE.
However, if you have incorporated your business, the
way of paying taxes will become slightly different
compared to when you are the sole proprietor of your
online business.
Sometimes, the tax you pay as an incorporated online
business will also depend on the kind of organization.
It’s either you will pay tax at a corporate level or
it will be passed down to you as an income.
Dealing with an taxes and your online business can be
quite an ordeal if done alone so it would be much
better if you’d contact experts regarding this matter
such as a lawyer or a certified public accountant.
Do I Have To Pay Taxes?
Taxes - And Your Online Business
(Do I Have To Pay Taxes?)
Perhaps the most common misconceptions about taxes and
your online business is that the two are not related
to each other. Most people think that online
businesses are not really taxed that’s why more and
more people are becoming attracted to start their very
own online business.
If you are one of the many people who is interested in
starting your own online business or if you already
have an online business of your own, then for sure you
have heard about the controversies about online
businesses and taxes.
Most people who don’t really have a stable background
about online businesses and taxes would most probably
guess that owners of online businesses are able to be
exempted from paying taxes.
However, in reality, online businesses are still
covered with tax dues.
“But I Am Working At Home”
And Other Lame Excuses Not To Pay Taxes
The most common excuse of people who have online
businesses who wish to ditch paying taxes is that they
are “working at home”. What most people don’t realize
is that taxes are actually based on the sources and
amount of the income as well as the types of services
and products sold; not on the location of the
business.
So whether you are working at home, in a store or in a
warehouse, you are still obliged to pay for whatever
tax is due to you.
Internet Tax Is Just Like Any Business Tax Basically,
online businesses are taxed just like any other
business. The government does not actually collect
income taxes based on how a business operates but
instead, it focuses on the form of the business.
A business based on the Internet still has to register
for GST and PST (if applicable) just like any other
business. Whether your online business is a sole
proprietorship or incorporated, you will still need to
fill up some important forms so that your online
business can be deemed as legal and so that you can
pay the proper taxes regularly.
There is actually no big difference between the tax
responsibility of an online business and any other
business.
Online Businesses And Federal Taxes
If you have an online business and you are wondering
if you still need to pay federal taxes, the answer is
yes. But before you go around and complain about the
unfairness of the world, you might as well learn more
about the federal taxes that you need to pay.
If you are a sole proprietor of an online business,
any income you earn through your online business will
be taxed as income on your PTR or personal tax return.
In addition to that, you are also obliged to pay your
portion of social security and medicare taxes using
schedule SE.
However, if you have incorporated your business, the
way of paying taxes will become slightly different
compared to when you are the sole proprietor of your
online business.
Sometimes, the tax you pay as an incorporated online
business will also depend on the kind of organization.
It’s either you will pay tax at a corporate level or
it will be passed down to you as an income.
Dealing with an taxes and your online business can be
quite an ordeal if done alone so it would be much
better if you’d contact experts regarding this matter
such as a lawyer or a certified public accountant.
http://feeds.feedburner.com/TaxesOnlineFree
Elder Scrolls V: Skyrim: Prima Official Game Guide
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Elder Scrolls V: Skyrim: Prima Official Game Guide
Assassin's Creed Revelations - The Complete Official Guide - Collector's Edition
Batman: Arkham City Signature Series Guide
Dark Souls The Official Guide
PC Gamer, Gamecca Magazine, PC Powerplay, Gamesmaster
Magazines, Guides, Online, Skyrim, batman
assassins creed revelations, arkham city
dark souls
skyrim prima guide
strategy guides
gamer magazines
pc magazines, ebooks
guides
manuals
pcgamer
elder scrolls
PC Gamer
Edge
Famitsu
GamePro
Game Informer
Nintendo Power
official PlayStation Magazine (United States, United Kingdom, Australia)
Official Xbox Magazine
Play
PC Gamer
BioGamer Girl Magazine
YouTube Bots
Youtube view bots
youtube like bots
youtube flag bots
youtube subscription bots
youtube avatars
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We Have TONS Of Gaming Guides And Magazines That You Are Able To Download Please Visit
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Saturday, December 10, 2011
YouTube Accounts Created 12/10 at 3:30pm (est)
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