How do I legally get a personal income from a home business...

Question

...and what taxes (CA) will I have to pay out of it?

Thanks~

ps- it is a husband and wife partnership, if it matters!

We are ready to start reaping some benefits here!

Answer 1

MAKE YOUR OWN PYRAMID. tHEY ALL GO 1,2,4,8,16,32...ETC.

Answer 2

I have a home business with http://www.myo3world.com/4501569 and I am in CA. You give them your tax id when you become a member and so that is how they pay you legally. You will need to keep track of your income and all applicable deductions for when you file at the end of the year. This business would be really fun for a husband and wife team. I know my husband is always telling people about how great my business is and how cool our products are.

Answer 3

I don't really understand your question.

Are you providing a service? Are you selling products?

I provide consulting and simply claim the money on my federal taxes when I file yearly. You need to check with CA to find out if you need a business license for whatever it is you are doing.

Answer 4

Your question is very vague. Are you looking for a business you and your husband can start together? or do you have one and need some advice? In either case I have 35 years experience starting and operating my own companies from home and I am always available to answer your questions.

Answer 5

Any legit home business you will get a 1099 tax form to legally report income. The good news is this is one of the last tax shelters for the middle class (owning home based business) Consult your tax advisor.

If you are looking for a serious work from home income check this out