How do you pay taxes to the IRS from you Zlio Store?
Does any one know how you would pay taxes to the IRS if you have a Zlio Shop/Store? Do you have to send Zlio a form? How much do you put to the side if you dont know how much commision you will earn?
Public Comments
- You would file a 1040, schedule C.
- As long as you did not receive the commission, you don't have any tax liability. Only after you receive commission, it is your income. Read this about self employed http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html
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