The Complete Tax Guide for E-commerce Retailers Including Amazon and eBay Sellers: How Online Sellers Can Stay in Compliance with the IRS and State ... in Compliance with the IRS & State Tax Laws - Softcover

Maeda, Martha

Softcover

ISBN 10: 1601381247 ISBN 13: 9781601381248

Verlag: Atlantic Publishing Co, 2010

Inhaltsangabe

EBay's own statistics suggest there are 1.3 million people around the world who make their primary or secondary source of income through eBay, with just over 700,000 of those people in the United States. Today, about 29 million people in more than 160 countries use Amazon.com. Last year, an IRS advisory committee recommended that online auction sites be required to file reports of sales transactions with the IRS. The committee also suggested requiring sellers to obtain taxpayer identification numbers, which would let the government track the transactions.

If you are an eBay or Amazon seller, you might be paying more than you have to in taxes because you have not focused on all that you can deduct. You will learn how to take advantage of the legal tax loopholes available and how to choose the proper, legal business structure. If you run your Internet sales business in a businesslike manner with intent to profit, you can take deductions for business use of your it, home and also many other deductions.

This brand new, up-to-date book covers everything you need to know to balance the books, including assets and liabilities, keeping track of transactions, payroll, sales tax, balance sheets, keeping a ledger and journal, financial statements, operating accounts, and complete, current tax information. You will learn how to set up a simple, quick, and audit-proof recordkeeping system that works.

Details zur Ausgabe

• Verlag: Atlantic Publishing Co
• Erscheinungsdatum: 2010
• Sprache: Englisch
• ISBN 10: 1601381247
• ISBN 13: 9781601381248
• Einband: Taschenbuch
• Anzahl der Seiten: 288
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar