Comments on: Do I have to pay federal taxes for having an online business drop shipping? http://www.companydropshipping.com/united-states/do-i-have-to-pay-federal-taxes-for-having-an-online-business-drop-shipping/ A blog discussing drop shipping Fri, 10 Sep 2010 07:35:35 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Nusha http://www.companydropshipping.com/united-states/do-i-have-to-pay-federal-taxes-for-having-an-online-business-drop-shipping/comment-page-1/#comment-51 Nusha Fri, 29 Aug 2008 00:41:07 +0000 http://www.companydropshipping.com/united-states/do-i-have-to-pay-federal-taxes-for-having-an-online-business-drop-shipping/#comment-51 You pay federal income taxes (and state if applicable) on the net income you make. You calculate that by taking the Gross Income you get and deducting all your expenese and costs of the products. If you are making money then you owe taxes. You should probably get some advice from a competent tax advisor. You pay federal income taxes (and state if applicable) on the net income you make.

You calculate that by taking the Gross Income you get and deducting all your expenese and costs of the products.

If you are making money then you owe taxes.

You should probably get some advice from a competent tax advisor.

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