Tax for e-business?

astros99 · #1 (**permalink**) 21st November 2006, 08:24 PM

My main question is, do you have to pay tax for your E-business? I'm guessing this is an answer that depends on what kind of business you have. Let's say you just have a website that sells stuff, then you probably do, correct? But do you have to pay a tax for Ebay? If you have an Ebay store, do you have to pay taxes for that?

mini_0 · #2 (**permalink**) 16th May 2007, 01:08 AM

Yes , I think online income is taxable now . Especially that depends on where you live also , and if you are in the US then probably you will have to pay it . taxes are a necessary evil and they must be filed each and every year. Fortunately, there are some income tax preparation services online that allow people to file themselves without the need of hiring an accountant. Filing taxes online is faster than snail mailing them and it means you can get your return faster as well. You may even be able to file a free tax return online if you qualify.

astros99 · #3 (**permalink**) 3rd June 2007, 03:44 PM

Yeah, I've noticed that the US charges taxes, and some other countries don't. This made me think of an interesting strategy. What if people began a joint e-business. For example, if one of the owners lives in a non US country, and the other lives in US. When you have to supply information, you can give the information of the owner that doesn't live in the US, so that way you don't have to pay income taxes and you are maximizing your profits.