Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Internet Sales Tax and other Shopping Cart topics.
When filing for your business, you should claim all the profit from all sales from your online business. Also, you should keep a record of the ecommerce sales tax you charge where applicable. The internet sales tax you collect must be paid to your state tax office just as a normal store would report its taxes collected. The only difference is that this money is collected via online sales tax.
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Jennifer Mathes, Ph.D. |