Online Business Taxes?

Question

I am setting up an online clothing store.

I need help with Tax information

any general advice/info would be great

where would i be able to find FAQs about this kinda stuff?

:::For the state of TEXAS:::

how do I file my income/sales taxes?

how do I get a new tax ID?

is there a certain age you have to be?

Answer 1

Here is a site from the chamber of commerce in Brownsville, TX that has useful information about new business including links for tax information.

http://www.brownsvillechamber.com/busine...

Hope this helps.

Good luck on your new venture !!

Tex

Answer 2

WWW.IRS.GOV will have all the information that you need.   Just search small business.  Unless you have employees, you will be considered self employed.  I suggest that you purchase a record keeping software, such as Quickbooks.  It is great for keeping track of your sales/expenses and it is formatted similar to the schedule C.  Sched. C is what you will file at tax time.  

This site will help you with your state regulations, http://www.governor.state.tx.us/ecodev/s...

There is no certain age that you have to be to start a business.  

Best of luck to you.

Answer 3

About self employed tax filing, read this

http://taxipay.blogspot.com/2008/04/tax-...