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by anguilla on August 3rd, 2007
All the government cares about is that you pay any taxes you owe. Your state has laws about whether or not you have to collect taxes on things you sell from your website. The rules are different for customers who live in the same state you're in and for customers who live in other states.
You'll probably need to file a State and Federal Tax Return...even if it turns out that you don't really owe anything after you do the calculations.
Just because you are not of age yet does not excuse you from paying taxes if you make more than a certain amount.
We set up a website business and all we have to do is keep records about the COST of what we're selling, how much we SOLD IT FOR and how much SALES TAX (if any) we collected. Then we file a small business tax return with the state. We show the income as regular income on our Federal tax returns.
You can probably easily find the rules for your state on the web.
When it's tax time, consult a professional or someone you trust to know the best way to file a tax form.
Good luck. I hope you get rich!
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You're reading Could u sell clothing or merchendise on the internet if u made ur own website without getting in trouble by the goverment im not of age yet so i want to know how to do it were starting a clothing brand and have all our ideas drawn just need toprintandsell
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