Customer Reviews

Taxes for Online Sellers

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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.

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.