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999 _c41694
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008 160316s2008 xxu||||| |||| 00| 0 eng d
020 _a9781601381248
040 _cnls
082 _a343.099800
_bMAE
100 _aMaeda Marha
245 _aThe complete tax guide for E-commerce retailers including Amazon and eBay sellers : How online sellers can stay in compliance with the IRS and state tax laws
260 _aFlorida
_bAtlantic Publishing Group
_c2008
300 _a288p
365 _bRs. 1,317
505 _aTable of Contents Introduction 13 Taxes and the Online Marketplace - What This Means for You 15 Chapter 1 A Hobby or a Business? 21 The Difference Between a Hobby and a Business 23 Establish Yourself as a Business 27 State Licenses 35 Select a Name for Your Business 37 Design a Logo for Your Business 39 Open a Bank Account 40 Get a Federal Tax ID Number 41 Get a Post Office Box 42 Online Marketplace Rules 42 Chapter 2 Recordkeeping - The Basics 47 Benefits of Recordkeeping 48 Type of Information to Record 51 Examples of Supporting Documentation 58 How Long to Keep Records 60 Organizing Receipts 61 Creating a Filing System 62 Bookkeeping 63 Online Marketplace Tools 70 Updating Your Books 72 Reconciling Your Account Statements 75 Protecting Your Business Records 75 Chapter 3 Taxes That Affect Small Businesses 79 Levels of Taxation 79 Types of Taxes 80 Tax ID Number (TIN) 87 Do You Need an Accountant? 88 Filing Your Taxes 89 Accounting Periods 95 Accounting Methods 96 Gains and Losses 105 Barter Income 106 Chapter 4 Business Deductions -A Lifeline for Sole Proprietors 109 Types of Income 110 Income Tax Brackets 114 Tax Deductions and Exemptions 116 Business Expenses 119 What You Cannot Deduct 120 What You Can Deduct 122 Finding Hidden Business Deductions 136 Chapter 5 Business Use of Your Home 139 Compliance With Local Zoning Regulations 141 How to Qualify 141 Figuring the Deduction 143 Deducting Your Expenses 145 Depreciating Your Home 147 Making the Most of Your Home-Office Deductions 151 Chapter 6 More Deductions 153 Phantom Losses 154 Alternative Motor Vehicle Credit (Form 8910) 155 Year-End Tax Deductions 156 Section 179 deduction 158 Vehicles 160 Homeowner Credits and Exemptions 161 Chapter 7 How to Value Your Inventory for Taxes 165 Cost of Goods Sold 166 Methods for Valuing Inventory 169 Garage Sales, Thrift Stores, Flea Markets, and Auctions 171 Personal Items and Collectibles 172 Chapter 8 Self-Employment Taxes 175 Who Pays Self-Employment Tax 177 How to Pay Self-Employment Tax 178 Calculating Your Net Earnings 178 Reducing Your Self-Employment Tax 180 Chapter 9 Quarterly Estimated Tax Payments 181 How to Calculate Your Quarterly Estimated Taxes 183 How to Pay Quarterly Estimated Taxes 184 Calculating Penalties for Underpayments and Late Payments 186 State Income Tax 186 Chapter 10 Sales and Use Tax 187 Federal and State Sales Tax Legislation 188 Nexus 190 Use Tax 192 Getting a Sales Tax Number 193 How to Collect Sales Tax 194 Sales Tax Service Providers 197 Chapter 11 Working with a Spouse or Family Member 199 Qualified Joint Venture 200 Employer/Employee Relationship 203 Family Members as Employees 203 Family Tax Breaks 205 Chapter 12 Long-Term Tax Breaks: IRAS, Roth IRAs, and SEPs 209 Contribution Limits 211 Contribution Deadlines 212 Traditional IRA 214 Roth IRA 216 Beneficiaries 220 Simplified Employee Pension (SEP) IRAs 221 How to Set Up an IRA 224 Investing in Your Online Sales Business with a Self-Directed IRA 227 Chapter 13 What to Do When Things Go Wrong 237 Avoid Trouble by Timely Reporting 238 If You Have Not Filed a Tax Return 239 If You Have Not Paid Your Taxes 239 Requesting a Waiver for Estimated Quarterly Tax Penalties 241 Taxpayer Advocate Service 242 If You Are Selected for an Audit 242 Free Tax Help 245 Unpaid Sales Tax 246 Chapter 14 Ten Biggest Tax Mistakes 247 Conclusion 251 Appendix A: Useful Websites and References 253 Bookkeeping 253 Data Storage 253 Business Plans 254 Family Business 254 Inventory 254 Licenses and Permits 255 Logo Design 255 Online Marketplaces 255 Sales Tax 255 Self-Employment Tax 256 Shipping 256 Social Security and Retirement 257 State Taxes 257 Taxes 257 Taxes: IRS Publications and Articles 260 Tax Forms 262 Trading Assistants 264 Troubleshooting Taxes 264 Websites and Domain Names 264 Appendix B Business Plan Example for Internet 265 Appendix C Glossary 271 Bibliography 279 Author Biography 283 Index 285
650 _a1. Electronic Comerce - Taxation - Law & Legislation - U S A 2. Small Business - Taxation 3. Internet Auction
700 _a
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856 _uhttps://www.google.co.in/books/edition/The_Complete_Tax_Guide_for_E_commerce_Re/ZfHBODuJaBQC?hl=en&gbpv=1&printsec=frontcover
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