I sell Mary Kay & don"t remember what I a required to report on my income taxes. Can anyone help?
102776
The difference between the cost of the merchandise and the amount of money you sold it for, minus legitimate business expenses, is taxable income and must be reported.  In additon you are actually supposed to make quarterly payments when you are self employed, although depending on how much you make the IRS may not make an issue of it.\n\nIf you can afford it it would be a good idea to have an accountant work it out for you.  The up side is, if you find out that, after expenses, you actually lost money, that's a deduction from your regular income.  But they won't let you keep showing losses forever... the usual limit is three years.
650763
Try here:\n\nhttp://www.irs.gov/faqs/faq-kw133.html
359467
It depends.  If you are selling items that you purchased with earnings you have already paid taxes on and you are not selling them for more than what you purcahsed them for, then no, you do not have to pay taxes on the money you have reaped from Ebay.  If you have sold these same items for more than you paid for them, in other words, you have actually gained $3,000 over and above what you paid for these items, then yes, you have to report that income and pay the appropriate income tax.
47107
If you have a 1099, than you need to file a Federal form 1040 with a Sched C, and likely a Sched. SE as well as any other forms you need. If you look at the Sched C you'll see most of the things you can use to reduce your income already listed. Mileage, and depreciation are very tricky so you'll want to ask for help, most likely.  \nNote* Don't mix up your supplies with your assets!
202620
good question. i need that info too.\ntry irs.gov
970771
I was in the same boat as you are and all i found was a bunch of scams...You will get answered by people referring you to survey sites beware i went to them and they dont work they all want money...The best thing i found was selling mary kay....you can set up a website and sell it and you can also sell it by having parties. It is a great income if you are determined to put a little effort into it and it doesnt take a lot of your time just a party once every couple weeks....
67200
You will probably hear from the IRS when you submit your income taxes.  Make sure you have documentation for your support of the child you are claiming on your taxes.
642932
REcommend  you and your parents got to the IRS website and research....There is a lot of information and different scenarios - if you don't want to spend the time, just call the IRS they can be most helpful.  Here is an example of info avail on the website.\n\n\nTax Trails - Can You Include Your Child's Income On Your Tax Return? \n  \nTo make the election to include your child's income on your return, your child's income must be below the maximum dollar amount allowed for the tax year being filed. The maximum dollar amount allowed for the tax year being filed can be found in Part 2, Tax on Investment Income of Child Under 14, of Publication 929,Tax Rules for Children and Dependents. Publication 929 is available for download, or you may request a copy by calling 1-800-829-3676.
1027544
Ask a tax professional I'm sure they'll be able to tell you.
916657
If the income is unreported the IRS would love to hear from you
1120456
I would contact your local Tax Collections office and inform them of this new information... be sure you get the name of the person you spoke with!
209079
irs.gov, you will need your filing status , refund amout to the exact dollar, and your SSN
184180
Go to IRS.GOV click individual on the left top corner then in the box in the upper right corner you will see a box inter 1099b. You will find out haw you need to file. Some times they make you report things that are not considered income. Its more for informational purposes
139347
i do taxes and when i seen this question i went to the irs publication for nol and i didnt see eny rule that said you had to. it showed all the ways to report it and when and how you could and couldnt report it but nowhere did it say that you had to. for additonal information or for  a confirmation  i would call the irs at 1-800-829-1040. i am tempted to call about this myself. i have never been asked this before.
803965
I'm amazed by some of the answers. You haven't had any income at all. What income are you going to report?? NO INCOME = NO TAX RETURN.
442260
if you call the IRS they can send you a printout. I think it costs a few dollars.
165093
Contact the finance department of the business you worked for. They should have issued one to you and one to the IRS by the end of last month.