How to deal with Etsy and taxes?
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I'm trying to figure out how to deal with an etsy account and taxes. Please give SPECIFIC information and SOURCES. Don't just say you should or you need to count it. Thanks! Blessings!
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Answer:
I don't understand what you're asking. When you say deal with taxes, is this as a buyer or a seller? I buy from etsy regularly, if you mean taxes like custom charges then you only have to pay for large items/items that are worth a lot. here are a few links from the site that are about dealing with tax: http://www.etsy.com/storque/how-to/tax-time-considerations-for-the-independent-1123/ http://www.etsy.com/forums_thread.php?thread_id=5423306 i hope this helps :]
wonderin... at Yahoo! Answers Visit the source
Other answers
If you earned over 600 income from self employment you need to file it. You shoudl have received 1099. You can take many deductions from the income included is source to article for writers.. for artists it is much the same... ultimate source is IRS.gov but these articles are my sources. http://www.ehow.com/how_4703560_deduct-expenses-writing-income.html http://www.ehow.com/how_5671086_deductions-lower-self-employment-tax.html
Zinger
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