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US and Canadian governments are really cracking down on ebay/etsy sellers for collecting income tax. Make sure to keep your paypal reciepts.
I think the rule is that if you make a sale to someone WITHIN your home state/province you charge the regular rate of tax. You don`t charge someone in NYC CA taxes.
Fees/duties the onus is on the buyer to make sure of customs regulations. Hope that helps. :)
Keep in mind that you have to charge sales tax for your state AND if you make over $400, you have to report income made and pay taxes on that I believe.
I pay a state income tax for my tiny company, but mostly because I do craft shows too, and most craft shows require you to have a tax ID.
You have to pay taxes on your etsy business if you earn more than $400 per year. There are also many issues with etsy's management and lack of concern for sellers that you should be aware of if you are thinking of opening a store there. The blog http://etsybitch.blogspot.com/ does a good job of keeping up with the latest problems. If you do open a store I recommend you follow that blog because often etsy does not distribute info to sellers about how to correct or work around the problems (including search/billing/nonpaying cutomers.etc), and that blog does.
Officially according the the IRS, you are required to report ALL income that you make, not just the amount over $400 (unless that is your only income because you aren't required to file a tax return if you are under the exemption amount $9,350 for an individual).
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I am considering opening an etsy shop, I looked around on the site. I'm sure I missed it, but any ways. Do etsy sellers pay a tax? Or anything like that? And any advice you could give that would be helpful to?
Thanks bees!