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Re: tax forms?

I talked to a cpa, and he said unless i make a profit, no need to turn in,

but now i may have made a bit of a profit, and wonder if i should start with filing as a hobby.

from what i understand, a hobby does not have to be turned in unless i make a profit. and a hobby does not have to pay ss taxes.

if i file as business, i will have to file every year regardless, and i must make a profit at least 2 years out of 5.

Re: tax forms?

What did your CPA feel you should do about collecting sales tax on puppy sales?

Re: tax forms?

Breeder
What did your CPA feel you should do about collecting sales tax on puppy sales?


CPA husband says every state has own sales tax rules. So it depends which state you are in.