Taxes for Online Sellers [Paperback]

Simon Elisha (Author)

Book Description

ISBN-10: 0979632803 | ISBN-13: 978-0979632808 | Publication Date: May 28, 2007

Selling online? Worried over which records to keep? Confused about which tax forms you need to file, where to report your income, or how to account for your inventory? Then this book is for you! Taxes for Online Sellers outlines all of the above and more. Line by line, you'll learn how to fill out the necessary tax forms specific to the trade of online selling. You'll also learn how to get your tax obligation down by claiming a miriad of honest, legitimate deductions. Whether it's Amazon or eBay, if you are a crafter, or buying from yardsales and wholesalers, even if you sell from your own website, this book will explain, in plain English, everything you need to know.

Editorial Reviews

From the Back Cover

Find Out:

If you are considered a business.
Which income must be reported.
How to account for inventories.
How to report if you buy and sell equipment used in the business.
How to deduct amounts for your vehicle used to go to the post office.
How to claim home office and inventory storage deductions.
What depreciation is and how it works.
Additional expenses you can deduct.
How to get your tax bill lower - legitimately.
How to hire family, independent contractors, and other employees.
How to file quarterly or avoid having to do so.

Product Details

• Paperback: 168 pages
• Publisher: Artistic Spaces Publishing (May 28, 2007)
• Language: English
• ISBN-10: 0979632803
• ISBN-13: 978-0979632808
• Product Dimensions: 9.1 x 7.5 x 0.5 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,118,836 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

5.0 out of 5 stars For anyone considering or engaging in online sales on amazon, ebay, or their own website., May 6, 2008

By 

Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: Taxes for Online Sellers (Paperback)

A disclaimer at the beginning of Taxes for Online Sellers: A How-To Guide for Individuals on Federal Tax for Internet Sales warns that if legal advice is required, the competent professional help should be sought. That being said, Taxes for Online Sellers is an excellently researched guide to how American tax laws work with regard to online sales, whether or not one is considered a business, which income must be reported, what records of online sales are necessary to keep, how to keep track of one's income, inventory, and expenses, taking depreciation into account, specific big-ticket sale items such as business equipment and vehicles, and much more. An extensive appendix listing a wide assortment of reproducible tax forms, a glossary, and an index round out this enthusiastically recommended primer for anyone considering or engaging in online sales on amazon, ebay, or their own website.

8 of 8 people found the following review helpful:

5.0 out of 5 stars Exactly what I needed, December 31, 2007

By 

J. White (USA) - See all my reviews
(REAL NAME)   

This review is from: Taxes for Online Sellers (Paperback)

Taxes for Online Sellers was written as a small business tax guide, especially for the online seller. It covered all my questions I had about my internet income. It is easy to read and even includes copies of the tax forms in the back of the book for reference. It gave me specific, line by line, instructions for filling out my tax forms. It explained how to handle inventories and what I buy at yard sales and flea markets. There's a website for updates to the book, so you don't have to buy a new version every year to find the new tax laws. This is definitely a keeper and well worth the price.