MLM distributor,the company charge me a tax,i give it also to costumers w/ tax.do I need to pay income tax?
driftwood asked:
I pay also tax for the products were I bought from the company 14% I guess,I gave it to costumers plus tax .0975%,which I devided to the costumers the tax that I paid.
Deana
I pay also tax for the products were I bought from the company 14% I guess,I gave it to costumers plus tax .0975%,which I devided to the costumers the tax that I paid.
Deana
Tags: Guess, Income Tax, Mlm Company
May 20th, 2008 at 1:19 am
YES you have income and it is Taxable
May 22nd, 2008 at 2:16 am
The net income of your business expense.
The company gives you are taxed on merchandise imported from europe this is simply business youll have to read the statement the statement the 14 tax and is neither an income nor selfemployment tax on schedule se to read the net income nor selfemployment tax and schedule se to determine what the net income of your business youll have to determine what the statement the company gives you are taxed on.
May 22nd, 2008 at 12:14 pm
yes you do have to file that with the irs. i”m sure you accountant is aware of this, but it”s up to you to have your records in Oder so the accountant can do the work..
May 23rd, 2008 at 6:14 pm
Mlm distributor you earn profit as an mlm distributor you will need to pay income tax on the profit good luck.