Question by silver fox: I created website to sell my photographs. Where and how do I need to register my small business to pay taxes?
Best answer:
Answer by Kacky
You have to collect sales tax when the customer is from your home state, if you live in a state that collects sales taxes. Your state revenue service can sign you up.
If that’s really the name you use, then while you’re at it, ask if there are any porn regulations that apply. If that’s not you, I suggest you change your Yahoo name.
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Register with your state dept of revenue to be able to collect sales tax, which you are required to do if you sell to residents of your state.
You pay state and federal income tax on your profits as part of your regular tax returns – no special registration is needed to do that. On your federal return, you’ll file a schedule C or C-EZ, and a schedule SE to calculate your self-employment tax, along with a form 1040. The forms for state returns vary by state.