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filing tax return for online business?
This is my first year to file on my new online business. On my sales receipts that I have saved of my expenses, am I allowed to claim the bottom line including sales tax or do I just claim the subtotals before taxes were added. Thanks.
2 Answers
- Let me steer youLv 71 decade agoFavorite Answer
If you mean the sales tax charged to you on the goods you purchased for use or sale in your business, yes you can include them in the expense amount.
- 5 years ago
The IRS runs a calculation on people who do not file. If his income was below the filing requirement or would have been a refund if filed as single, no deductions/credits/dependents, then the IRS will let the 2009 refund go out while the 2008 return is being processed.
