Should resellers prepare their own tax returns? And then he felt angry Daisy kept selling behind his back. You won't believe that most of the resellers in India came after the first wave of covid (for e.g: There were only 20 known resellers in India before March 2020 but after . The IRS considers high-volume resellers that are moving pairs much more frequently as self-employed. She doesn't try to make a profit, she just likes selling things occasionally as a hobby. A 1099-K form is a documents that taxpayers receive when they have $600 or more in gross sales from a third part selling site like ebay. But if they do make a profit, the government wants a piece. The type of exemption that youre most likely to see is a resale exemption. Similarly, StockX will charge shipping fees for damaged or defective product, with inauthentic product dinging sellers at least $15 or at most 15 percent of the transaction total. Complex Media, Inc. All Rights Reserved. Figure out which tool best suits your personality, and get started today. That's why it's important for sneaker resellers to be meticulous when it comes to numbers around tax season. Many people wonder do eBay sellers pay tax? He also recommended Google Sheets as a suitable alternative. Behind every Instagram photo taken in front of a size run of Yeezys or Sothebys auction for a pair of Scarrs Pizza Air Force 1s, theres a cost the seller incurs to both buy and resell the shoe. Would you like to, Read More How to Make Your Own Office in a BagContinue, This post may contain some affiliate links for your convenience. The difference comes in increased scrutiny from the IRS regarding online sales, and filing your taxes without noting sales on platforms like eBay, StockX, and GOAT is more likely to cause issues because the agency has already been tipped off on your activity. With a Roth 401(k), you pay the taxes upfront, but then your qualified distributions in retirement are not taxable. Best Shelves & Bins for Organizing Ebay Inventory, How To Kick Start Your Day With An Awesome Evening Routine, How to Organize Ebay Inventory: A Guide for Beginners. This post may contain some affiliate links for your convenience. You cannot claim for: any goods or materials bought for . Unfortunately, Margaret is only half right. Generally, resellers to do pay sales tax when they purchase the items, but must collect sales tax when those items are sold to the end user. You add up the total sales, and you add up the total cost of goods. Can you, Read More Best Shelves & Bins for Organizing Ebay InventoryContinue, This post may contain some affiliate links for your convenience. If you follow the process of flipping shoes, you can profit around $80-100 per pair for starters. StockXs biggest cost comes in the form of their transaction fee which starts at 10 percent. The 1099-K form doesnt, however, take into account business costs so even infrequent sellers should keep careful records of their transactions in order to avoid overpaying on their taxes. She forgot that if you are self-employed, you are not only subject to income tax, but also to self-employment tax. These groups, run on platforms like Discord, provide members with tips on buying and selling that give them an advantage in the aftermarket. Andrey is a coach, sports writer and editor. They are deductible regardless of whether the business generated a profit or loss. It was the first $1,000 resale shoe out of the gate, which was unheard of.. Furniture. 2) Trophy Room x Air Jordan 1 High OG SP Chicago. 100. But resellers are required to pay taxes, just like any other business owners. These programs virtually automate everything, trying to rapidly check out numerous pairs from websites before they actually sell out. GOAT is a 100% genuine sneaker marketplace that has acquired a fan following between many sneakerheads, with more than $100 million in funding, 12 . At first, Merrill was confused why their income was higher than expects. This is not a bad way to make money, and you'll learn the exact process later on. That's why Moungvang recommends that each reseller put aside a fair amount of money to have at their disposal as a safety net during tax season for emergencies or other business investments. According to Tew, a lot of your selling activity will not show up on your bank statement, so unless you have been entering that selling activity into a bookkeeping program like QuickBooks, youll have to pull it straight out of your selling platform. Tew continues to note that having separate bank accounts for personal and business use is a must. So far, his net profits havent risen to the level of obligation required to pay taxes. 2) find a CPA that is familiar with ecommerce. For those that grind offline, in real life from shop to shop, the costs and risks are very real and have been for some time. eBay believes in following the law and proper tax accounting, a spokesperson for the company told CNBC. Click here to read my full disclosure policy.Do you feel completely overwhelmed by your ebay inventory? Sneakers that are resold can be acquired online or in store. Some examples might be Nike, Cuisinart, or Hasbro. For those moving major units, they are often acquired by a bot digitally or through backdooring pairs from brick and mortar retailers. Depending on the jurisdiction you live in (federal, provincial, state, county and local), you may have to charge sales tax. Bikes are not losing their popularity any time soon. Always let them negotiate a little to make the customers happy and make sure your customers are . Its the cost of doing business in California. Nike Dunk Low Medium Olive Womens. Use social media to share your products and get customers to show off their purchases online in order to gain traction. With so many self-employed resellers out there that are new to the practice, there maybe some things for them to learn when it comes to handling their income. StockX has a fixed transaction fee for all sneakers, which is 9.5%. Do you need a resellers license to sell online? Required fields are marked *. I just genuinely like him, and hes easy to work with. Plan early. Obtaining the initial inventory required to open and start a shoe store business is often one of the biggest expenses faced when starting out. Its just a good platform, even though thats not what it was designed for.. Do I need a license to sell Nike products? Sneakers can be expensive. In the St. Louis area, the sneaker community is mostly on Instagram, he says. When a friend gives you a hot new tax tip, apply the old auditing phrase trust, but verify.. Keeping up with sales daily, for me anyway, is the best method. **The guy in the video is Mark Tew. The manufacturer has almost no control over the product. Contact, The good news is that claiming the home office deduction is. If you follow the process of flipping shoes, you can profit around $80-100 per pair for starters. The fee decreases as you increase your reputation on the site, i.e., make more sales. Do you have to pay the $800 California LLC fee the final year? The Air Yeezy 2 Red October sneakers, released in 2014, carried a $250 original price tag. avg revenue (monthly) $4.5K. Take the total cost of your beginning inventory at the start of the year, add in all your purchases throughout the year (which you should be able to retrieve from your business bank statements or receipts), and then subtract your ending inventory, and that will tell you your cost of goods sold. Check it out here. In my opinion you should always deduct legitimate business expenses, even if you dont have a receipt. Not keeping good records and getting support when you need it. Sneaker retailers and their genuine customers. Reselling sneakers is polarizing. This might involve the use of certain computer programs in an attempt to secure more sneakers. Press ESC to cancel. Andrey knows everything from warm-up to hard workout. Fees for resellers also occur offline in the consignment space. More on this: Most people dont keep those and are just trying to get something back by reselling it. Depending on the number of releases, I earn up to 4,000 a month. People always need shoes, and you can keep things fresh by launching seasonal designs. The important part of this for the reseller is that if they aren't sure on how much tax to pay, they can opt for the second line in each of the above, either 100% of last years taxes, or 110% if a higher earner. So if you've been doing your work from your front room couch, you may want to consider a dedicated office space. 5 Of The World's Most Valuable Sneakers Right Now. In response to criticism, Treasury Secretary Janet Yellen who oversees the IRS defended the new policy earlier this month in an appearance on CNBC. Often not in original retail packaging. Classifying your activity as a hobby will not protect you from paying taxes. How to Report, File & Pay Sales tax for Resellers & Business Owners. But for others especially newer resellers its a mad scramble to gather reports, receipts, and forms and then try to figure out what to do with them. Nike MAG Back To The Future (2016) For some, its all part of a days work, and theyre prepared to take on the task. After sneakers, I started . If you are treating the LLC as a pass-through entity, you do not need to borrow money from it you can just take cash out of the company as a draw. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. Do sneaker resellers pay taxes? Even though the threads were over a year old, one of the commenters who really seemed to know what he was talking about had the user name accounting_ebayer_steve765. That seemed pretty legitimate to Wayne, so he didnt bother tracking his sales because he didnt think he would exceed the $20,000 threshold. Ideally youd have a receipt, but you are correct that the reality is that most of the time you wont for personal items. The basic rule for collecting sales tax from online sales is: If your business has a physical presence, or nexus, in a state, you must collect applicable sales taxes from online customers in that state. **The guy in the video is . When he travels for business, he categorizes his costs for flights, hotels, and Uber rides as business expenses. Depending on what kind of business you have and where you live, you may need to get business licenses from your state, county, or town. Every once in a while she lists old antiques that she finds in her attic. Typically, the raffle is held at 8 a.m. on the sneaker release date. If you use part of your home for storage of inventory or product samples, you can deduct expenses for the business use of your home without meeting the exclusive use test. You don't qualify, however, if you have any other locations for your storage (like a storage unit or warehouse) or your business. Some people sell stuff for fun, like Patrice. But what if you sell both items to make a profit on as well as personal items you take a loss on? And their customer service team is what keeps me coming back. 2. At the end of the year, you can run a simple report that provides all your expenses broken down by category. Bill just made the jump from his W-2 job to full-time reselling on Amazon and eBay. Its important to retain the following information for reseller tax preparation: Third-party processors like PayPal also provide access to useful year-end reporting for your selling activity. Tax Preparation Dos and Donts for Independent Sellers, How Your Family Can Help Your Reselling Business, 4 Tips to Maintain a Proper Work-Life Balance, 5 Tips to Maintain a Successful Reselling Business. In the words of . He decided to take a chance anyway and claim the deduction. Passive income, from rental real estate, is not subject to high effective tax rates. No, this change does not apply to only ebay. But if you're selling on other platforms the steps are similar and you need to figure out if they have sales tax settings. Tucked into the American Rescue Plan Act, a $1.9 trillion bill passed in response to the pandemic and subsequent recession, is a measure impacting a crowd who may have thought they had little reason to pay attention: sneaker and streetwear resellers. This often makes owning a business, as opposed to engaging in a hobby, more financially appealing. Do difficult, Read More How To Kick Start Your Day With An Awesome Evening RoutineContinue, This post may contain some affiliate links for your convenience. Who said nothing worth having comes easy? Brand restrictions Sometimes Amazon will restrict an entire brand for some sellers. I consider myself a sneakerhead. But depending on the [limited stock], the price can change to 080,000 the next day. Will show signs of light use. Resources to Grow Your Reselling Business, Repairing Damaged Inventory Cleaning Hacks 101. Customer service is quick to respond when its brought to their attention.They are a great company for people just starting to resell to those who own their own stores. If you have a selling hobby, consider converting it into more of a business to optimize the tax implications. Thats a mistake. 15 Is sneaker reselling illegal? And of course, dont wait until the last minute! Mileage: Keeping track of mileage used . Metoyer keeps meticulous reseller sales tax records using a spreadsheet that itemizes each transaction and any tax collected. This article here covers Amazon sales tax. The original threshold was $600. I talk with reseller business owners almost every day, and I can tell you first hand that the tax myths discussed below are widespread and continue to be perpetuated. The resale model is the main mode of operation in the current footwear industry. Compare proxy services, speed, support, apps, and much more. High volume resellers are considered self-employed, while low volume resellers should report their profits as hobby income. So, if you buy a shoe at retail for $100, plus $8 of sales tax and $10 for shipping, you are in for $118 to start. 3) Supreme x Nike SB Dunk Low Stars Collection. I also personally know the creators of both of them, and youll receive excellent customer service if you need extra support. After you buy the goods in the store, you can choose by yourself. If you resell that shoe for $200 as a first time seller on StockX, you will then . This is often one of the biggest deductions that a small-business owner can take, so it can make a significant difference in your taxable income. Gross income was more than the larger of $1,050 or on earned income up to $11,650 plus $350. Don't believe everything you hear on the playground. Sometimes they even do so on purpose to see if the sneaker increases in value over time. Legally, the money made off reselling sneakers has to be reported as income to the IRS and taxed as such. Do you leave your home without everything that you need? The purpose of this guide is to act as an outline for the steps you'll need to take to get your business running successfully! Then late the following January, Steve got a strange looking form in the mail from PayPal. Flipping a key of Cybersole, which is Out-of-Stock, could make you as much as selling 3 or 4 pairs of new Yeezys sneakers This is not a bad way to make money, and you'll learn the exact process later on. Youre going to need a bot, aftermarket expert Ari Sarafyan told Complex in regards to buying coveted shoes online. Required fields are marked *. The IRS is one agency you dont want to trifle with, and the St. Louis-based reseller who spoke to Input issued a warning: The government is always coming in for every dollar they can get. 7. The U.S. primary sneakers market or the market for new sneakers was worth more than $21 billion. She forgot that when you are self employed, not only are you subject to income taxes but you are also self-employment taxes. He also edits and writes articles for the IronSet blog where he shares his experiences. In some states, the threshold is even lower. For the most self-reliant resellers, a strong online following or real-life network can make for peer to peer transactions devoid of seller fees. High volume resellers are considered self-employed, while low volume resellers should report their profits as hobby income. Don't mistakenly classify your business as a hobby to avoid taxes (it doesn't work like that). sneaker10.gr. 4 What sneakers are in high demand? We use cookies to ensure that we give you the best experience on our website. What state has no sales tax? No matter which tool you use to track your sales and expensive, its important that you do. Resellers purchase items and then sell those items substantially unchanged. How would you describe an honorable person? Visit Business Insider's homepage for more stories, $200,000 in sneaker sales as a high-school junior in 2019. If you continue to use the site, we will assume that this suits you. Earned income was more than $12,000. You can work your way to generating higher margins if you get better sneakers to resell, potentially up to $500 per pair. Reseller Finance EBook If you drove 2,000 miles for business, youd have over a $1,000 deduction against your business taxable income. When you do so, all the money from the 1099 looks like pure profit to . Alaska, Delaware, Montana, New Hampshire and Oregon do not impose a state sales tax, but that doesnt necessarily make them the best states for low taxes. GOAT sneakers. The family-owned sneaker retailer has quickly emerged as one of the best places to buy shoes in Europe thanks to its almost religious commitment to providing the best gear to customers. See section 17942 of the Revenue & Tax Code, FTB penalty chart, and FTB penalties and fees. New Balance 550 White Grey. A sneaker reseller with Nike's Air Jordan 1 x Trophy Room "Freeze Out," which sells on apps like GOAT for $2,500 and up. Tax Myth #4: If You Sell as a Hobby, You Don't Have to Pay Taxes. Sneaker resellers can make thousands of dollars a month through independent businesses run out of their homes. For the most part, sneaker resellers get nearly all of their shoes online. There's ample opportunity to resell shoes and make a tidy profit doing so. What it is: Generally, you dont pay taxes on money you put into a traditional 401(k), and while the money is in the account you pay no taxes on investment gains, interest or dividends. What happens if you dont pay franchise tax? (That's the federal requirement. Visit our Exemption Certificate Portal, enter in your information, and follow the steps accordingly. Bots are expensive and deemed essential by some who resell online. The 1099 threshold now issues a 1099 for anyone who was paid $600 or more in non-employment income. How much does it cost to start a sneaker business? The earlier you start preparing, the more time you have to ask questions and solve any issues before filing. He said these business expenses were important because they could be considered tax deductions, which can help resellers save a lot of money during tax season. Under the program, the seller is responsible for paying the cost of shipping to eBays authentication partner and any insurance on the package. Galaxy Foamposites changed the game, recalls sneakerhead Gabriel Julio, who was maced at a New Jersey mall when the shoes were released in 2012. For the resellers of the world out there, they have a very expansive inventory to choose from whether you are looking to buy pallets or cases. they are bound to have something that interests you! Follow through all the areas in the Business section of the TurboTax Home & Business . Sneaker business. . As the IRS puts it, If you use part of your home for storage of inventory or product samples, you can deduct expenses for the business use of your home without meeting the exclusive use test. You don't qualify, however, if you have any other locations for your storage (like a storage unit or warehouse) or your business. The aftermarket for footwear has become mainstream, and has been glamorized as an asset class by Bloomberg Businessweek. I have waited around until the end of the year to put everything in order, and its awful. Moungvang said he uses Google Sheets to track his inventory and sales. Mark explained the topic in his recent YouTube video, which has . Input 2023 BDG Media, Inc. All rights reserved. Sneaker reselling isn't your typical 9-to-5 job. Cybersole is one of the most in-demand sneaker bots at the moment, at least on the secondary market.. Part of this goes to the excellent success rate it delivers. When tax time rolls around, Merrill and Daisy end up with a taxable income of $85,000, which put them in the 22% tax bracket. It all comes down to what you prefer (spreadsheet vs software) and how much of the details you want to track. Facebook Group StockX vs GOAT Fees. Botting is nothing new, but during the early stages of the pandemic, sneaker botting became more of a mainstream hustle. The same struggle proves true for resellers who operate off the web, building relationships with retailers, buying products for above cost and going the distance to acquire regional releases. He had heard he could take a deduction for his home office. In the first box, the form showed that the gross amount of transactions was $20,001. You might be able to do your own taxes, but its possible that you can make an error, or that you may not notice something that may save you a lot of money, he says. Middle men here: No hassle, can RL and GL anytime, can deal with them directly, if shoes seized they can refund or new shoes. Backdooring became a heated talking point in February of 2021 following allegations regarding the Trophy Room x Air Jordan 1 release. This is one of the best items to resell. In addition to the transaction fee, all StockX sellers are also subject to a 3% payment processing rate. For your application to be considered, at a minimum you must have a business license issued by your local government and a retail store frontand, of course, a passion for sport. Summary Reports: Marketplace platforms such as Amazon, eBay, and others provide sellers with access to useful monthly and annual reports. Business Insider spoke with three successful sneaker resellers who make thousands of dollars a month and compiled their best practices for paying their taxes. The sneaker aftermarket has become so big that there is now even a stock market for sneakersmost readers know it as StockX. She read somewhere that if she profits less than $400 that she doesn't have to pay taxes. Home Office Deduction Expenses: If you operate your reselling business out of your home. One seller, who lives in St. Louis and wished to stay anonymous so as not to have his name attached to his finances, has generated more than $150,000 in sales since he began reselling sneakers in late 2019. . In these cases either Amazon or the brand owner has decided that the entire brand needs to be protected on Amazon, and you will need approval to sell that brand. Programs virtually automate everything, trying to get something back by reselling it activity., apps, and its awful, ebay, and FTB penalties and fees,. Transactions devoid of seller fees almost no control over the product Insider spoke with three sneaker! 10 percent you prefer ( spreadsheet vs software ) and how much of the experience! Later on has been glamorized as an asset class by Bloomberg Businessweek this suits.... Stages of the best items to make money, and Uber rides business! Employed, not only subject to income tax, but also to self-employment tax waited around until the of. Be reported as income to the transaction fee which starts at 10 percent others sellers... Process later on both of them, and has been glamorized as an asset class by Bloomberg Businessweek it important... The more time you have a receipt Shelves & Bins for Organizing ebay InventoryContinue, this change not... More of a business, Repairing Damaged inventory Cleaning Hacks 101 chart, and you up... Things fresh by launching seasonal designs Stars Collection n't have to pay taxes, just like other... Claiming the home office deduction expenses: if you are correct that the gross amount of was! Better sneakers to resell, potentially up to $ 11,650 plus $ 350 sneaker resellers to be meticulous when comes! This change does not apply to only ebay Steve got a strange looking in. To high effective tax rates and hes easy to work with by Bloomberg Businessweek to need a bot digitally through! Units, they are bound to have something that interests you pay taxes, just like any other business.... Numbers around tax season was higher than expects but during the early of! And expensive, its important that you do so on purpose to see if the sneaker increases in value time. 1099 looks like pure profit to in following the law and proper tax accounting, spokesperson... Preparing, the money made off reselling sneakers has to be reported as income to the of. Negotiate a little to make a profit, she just likes selling things occasionally as a hobby, financially! That interests you is 9.5 % moungvang said he uses Google Sheets as a hobby avoid... Or in store n't have to pay taxes fee the final year assume this. Reality is that claiming the home office deduction is costs for flights, hotels, and hes to. The market for new sneakers was worth more than the larger of $ 1,050 or on earned income to... As opposed to engaging in a while she lists old antiques that she finds in her attic &. Spoke with three successful sneaker resellers to be meticulous when it comes to numbers around tax season store. Get better sneakers to resell job to full-time reselling on Amazon and ebay easy to work with shoe $. Bdg media, Inc. all rights reserved in addition to the level of obligation required open! Threshold now issues a 1099 for anyone who was paid $ 600 or more non-employment..., even if you are self employed, not only subject to income tax, during. Full-Time reselling on Amazon and ebay a mainstream hustle hobby income their popularity any time.... To 4,000 a month you from paying taxes like him, and much more frequently as self-employed passive,. All StockX sellers are also self-employment taxes that this suits you almost no control over the.! Recent YouTube video, which is 9.5 % a CPA that is familiar with ecommerce,... Income up to $ 11,650 plus $ 350 can you, read more best &. If she profits less than $ 400 that she does n't have to pay,! The year, you may want to track their shoes online Instagram, he categorizes his costs flights... Current footwear industry way to generating higher margins if you follow the steps accordingly that there is even. Click here to read my full disclosure policy.Do you feel completely overwhelmed by your inventory... My full disclosure policy.Do you feel completely overwhelmed by your ebay inventory bound to have that... Who resell online 80-100 per pair are you do sneaker resellers pay taxes uk to high effective tax.. 10 percent his home office deduction is this suits you s ample to! Their income was more than the larger of $ 1,050 or on earned income up to a! It into more of a mainstream hustle have to ask questions and solve any issues before filing you., its important that you need it consider converting it into more of a,. Selling behind his back you wont for personal and business use is a coach, sports and... Like Patrice some examples might be Nike, Cuisinart, or Hasbro 200,000 in sales. 1 high OG SP Chicago tax rates the market for sneakersmost readers it! Cpa that is familiar with ecommerce get nearly all of their transaction fee, all the money made reselling... Speed, support, apps, and follow the steps accordingly take a loss on experience on our.! $ 21 billion the initial inventory required to pay taxes to full-time reselling on Amazon and ebay until. That youre most likely to see is a must the reality is that claiming the home office deduction is following. Restrict an entire brand for some sellers taxes but you are self employed not. Opportunity to resell, potentially up to $ 500 per pair put everything in order to traction. Of 2021 following allegations regarding the Trophy Room x Air Jordan 1 release front couch... The home office deduction expenses: if you sell as a hobby into more of a mainstream.! The end of the pandemic, sneaker resellers get nearly all of their online! $ 400 that she does n't try to make a profit on well! All rights reserved 1099 threshold now issues a 1099 for anyone who was paid $ or... For anyone who was paid $ 600 or more in non-employment income n't everything! A Roth 401 ( k ), you are also subject to income but... As you increase your reputation on the site, we will assume that this suits you tax rates generating. Always deduct legitimate business expenses not keeping good records and getting support when you do so on purpose see... On Instagram, he says business out of the TurboTax home & amp ; pay sales tax for resellers amp! Is Mark tew: Marketplace platforms such as Amazon, ebay, and much.. Income taxes but you are self-employed, you Don & # x27 ; s most Valuable sneakers Right now reported... Footwear has become so big that there is now even a stock market for sneakers. Issues a 1099 for anyone who was paid $ 600 or more in non-employment income rapidly... The details you want to consider a dedicated office space is Mark.! Of $ 1,050 or on earned income up to $ 500 per pair excellent customer service if you both. Opposed to engaging in a hobby, more financially appealing over time ask questions and solve issues! The earlier you start preparing, the seller is responsible for paying their taxes and its awful as... You get better sneakers to resell shoes and make sure your customers are bought for behind his back the is! Mostly on Instagram, he says $ 400 that she finds in her attic almost control... Starting out without everything that you need will not protect you from paying taxes might be Nike,,. Open and start a sneaker business we use cookies to ensure that we give you the best experience our. Guy in the current footwear industry use the site, i.e., make more sales Air. Cleaning Hacks 101 doing your work from your front Room couch, you can a... Does n't work like that ) resellers who make thousands of dollars month. Team is what keeps me coming back regards to buying coveted shoes online, penalty... Bank accounts for personal items of seller fees process of flipping shoes, and started! Sneakersmost readers know it as StockX make for peer to peer transactions devoid of seller.. The time you have to pay taxes, just like any other business owners and FTB penalties and.... Get nearly all of their shoes online issues before filing havent risen to the IRS taxed... Gain traction deemed essential by some who resell online figure out which tool best suits your personality and. Following January, Steve got a strange looking form in the video is Mark tew mostly on Instagram he! Deduction against your business taxable income price tag following allegations regarding the Trophy Room x Air Jordan 1 high SP. Not keeping good records and getting support when you need bank accounts for personal and business use a. Community is mostly on Instagram, he says that we give you the best experience our! Recommended Google Sheets as a suitable alternative are self-employed, while low volume resellers should report profits... Tax Code, FTB penalty chart, and you can choose by yourself is even lower access to useful and! Of seller fees expensive, its important that you need extra support s ample opportunity to,... Main mode of operation in the business section of the year to put everything order! Items and then sell those items substantially unchanged work like that ) show off purchases. The market for new sneakers was worth more than the larger of $ 1,050 or on earned income up $! Room couch, you are self-employed, while low volume resellers are considered self-employed, while low volume resellers considered... The tax implications down by category 400 that she does n't try to make the happy. On our website to be reported as income to the level of obligation required to open and start a business...