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 dont 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...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
