Question by Confused: How do I know how much I have to file taxes for an online business?
I sell things over the internet but I have no employee. I just want to know how much I have to file on my taxes in regards to my sales? I mean, do is there a sales tax charge on my online clients? Or I dont have to file these? Where can I get some information about this? Just any info in regards to online business taxation. thabks
Answer by bostonianinmo
Sales to people in your state are subject to your state’s sales tax and you are required to collect it and render it to the state. Contact your state’s tax authorities for more information.
Any income generated is taxable as self-employment income at both the Federal and State levels.
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