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Running a business is fraught with difficulty. Which ONE of the following causes you most concern?

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The Small Business :: View topic - To claim or not to claim.
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To claim or not to claim.

 
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jmcompa
Newbie
Newbie


Joined: Jun 28, 2006
Posts: 7
Location: Westminster, MD
PostPosted: Fri Jun 30, 2006 12:08 am    Post subject: To claim or not to claim. Reply with quote
Hello. Jennifer from MD here. I have a question about taxes and small business. I recently began my own side business where I sell items on eBay for people and receive a small percentage of the sale price for doing so. the business is seeming to pick up and I am not sure if this is something I need to file with the IRS and also, if I should apply for a tax ID number, etc.
Any and all help in this area would be appreciated. I have heard that I should file because of the write-off opportunity and I have also heard that I don't have to.
I just want to do what is right and beneficial.
Please advise.
Thanks so much!
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