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Photography Business
Selling Photo's on Sites like Smug Mug
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<blockquote data-quote="Fred Kingston_RIP" data-source="post: 367214" data-attributes="member: 10742"><p>First question. Are you going to break thru the $600 threshold?</p><p></p><p>If so, you don't need to do anything. File your taxes as a Sole Proprietor...<-- your personal 1040 will do this with a Schedule 'C'... </p><p></p><p>You can download and read thru a Schedule 'C' from the IRS' site... </p><p></p><p>Filing one for 2014 will give you insight into what you need to do next year... </p><p></p><p>Keep it simple... until you know you're gonna make serious money... don't quit your day job!!!</p></blockquote><p></p>
[QUOTE="Fred Kingston_RIP, post: 367214, member: 10742"] First question. Are you going to break thru the $600 threshold? If so, you don't need to do anything. File your taxes as a Sole Proprietor...<-- your personal 1040 will do this with a Schedule 'C'... You can download and read thru a Schedule 'C' from the IRS' site... Filing one for 2014 will give you insight into what you need to do next year... Keep it simple... until you know you're gonna make serious money... don't quit your day job!!! [/QUOTE]
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