Question by Needle and Thread: When do you have to report on taxes?
Hi there, I’m a junior at a design school and have recently been thinking about opening a website to sell some of the things I’ve made. I was wondering how i would go about paying taxes on the money I made off the website. I don’t even know where to start, like how much I have to make to pay taxes, if I have to claim my “business”, etc… I would be happy with a link to federal or OHIO state laws on taxation or self employment. I’ve been looking and can’t find the info I’m looking for. Please help me, because there is a student art sale on campus in the upcoming semester as well and students have been known to make up to or over $ 1,200.
Best answer:
Answer by flamered2003
www.irs.gov you have to file taxes by april 15. but you can file an extension with a estimated payment. if you want to file and claim deductions, like expenses, get a cpa to do them.
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When do you have to report on taxes?
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