12 replies to this topic

[Kerns]

I was thinking of buying a reseller to sell hosting obviously.... but I was wondering will I will taxed, if someone was to put that they bought hosting from me on there tax form. this may sound silly, but could the gov come lookin for me for money... :| I just wanted to know before I got myself into something I Cant get myself out of

-Anthony

[Donna]

Who would host with you anyways? your showing us your not honest lol

[curtisbanks]

lol

[Kerns]

I Would host anyone that would need hosting? but what does that have to do with my question? :|

[Donna]

Kerns, on Jan 2 2007, 09:49 AM, said:

I Would host anyone that would need hosting? but what does that have to do with my question? :|

Pay your taxes, if you start hiding your going to get a huge fine when they catch up with you.

[Kerns]

:| I Dont pay taxes, I dont have to, im a kid (16) so I am asking again, can I Be taxed for having a reseller?

[Donna]

Kerns, on Jan 2 2007, 01:29 PM, said:

:| I Dont pay taxes, I dont have to, im a kid (16) so I am asking again, can I Be taxed for having a reseller?

You never mentioned your age and in some places you do have to pay taxes, 9 year olds get taxed so go and see a Tax Agent or speak with your parents on this.

So yes you can be taxed.

[Kerns]

Donna, on Jan 2 2007, 03:36 PM, said:

Kerns, on Jan 2 2007, 01:29 PM, said:

:| I Dont pay taxes, I dont have to, im a kid (16) so I am asking again, can I Be taxed for having a reseller?

You never mentioned your age and in some places you do have to pay taxes, 9 year olds get taxed so go and see a Tax Agent or speak with your parents on this.

So yes you can be taxed.

Well I've been told by friends that there is no Tax on Web E-commerce... but my father says there is on any type of business. but I belive there is a certain profit you must obtain to be considered a small business and have to have a license, but I am not 100% sure on that...

[rc69]

If you're 16, you probably have 16 year old friends, in which case, i wouldn't trust them. They are probably talking about sales tax anyway, and they would typically be right about that. I've bought quite a few things online and have never paid sales tax.

For more information on all kinds of web hosting (including starting a reseller business), i would recommend webhostingtalk. Just be careful, they don't take kindly to questions like this (use the forum search to start). They also have very strict rules (from what i've experienced).

p.s. Don't think i'm some old guy talking bad about kids, i'm 18 and putting my 2 cents in.

Edited by rc69, 03 January 2007 - 12:20 AM.

[Kerns]

ahhh I just realized (sp) my dad was talking about income tax I'm not sure what tax I was thinking of :|

[Av-]

What i would do is just start off small without too much hassle, then once, if at all, you get bigger, contact somebody who knows what he's talking about, get your company to be officially registered and.. pay your taxes.

[Kerns]

is there a certain ammount of money I must make before I pay taxes or is it just I get one customer i pay them how much ever % out of that? or do I have to make say $200 before I pay taxes

[Mark]

In the United States at least, age holds no bar on taxes. It is all about how much income you make.