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Messages - justinp95

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I dont care how they handle them, im sure most on here are illegal in some way. But if thats the case they wouldnt know anyway. I just want to know the correct way things are supposed to be done.

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Is no one reading my posts? haha. Im asking HOW? And what does SPS stand for? How do you report taxes monthly ect...

Thanks

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You cant prove income if the biz isnt legit. lol. It would be a sole proprietorship so I would just claim all the income on my tax return at the end of the year and that would show income for the year before, but that doesnt really help showing income throughout the year. As far as taxes with the govt how does that work? When do you repay the tax from the items sold? And how do yall keep track of what is to be paid to the govt? Do you just keep like a log book with the description, price and tax? Thanks

4
Who is legit and how do you prove income? Im guessing you would just get a DBA and an EIN for taxes, but after that what do you need to do? Do you have to give each person that buys something a receipt for tax purposes? How would you prove income for a car loan or something? W2 from last year? What is your W2 is a very small amount because you just started your biz? How can you legally prove it with out looking at last year as a whole? Thanks Guys.

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South West / Re: Anyone in Austin, TX?
« on: April 06, 2011, 12:34:33 PM »
Thanks!

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New to Storage Auctions? / Re: New guy in Austin TX.
« on: April 06, 2011, 12:17:59 PM »
I just looked those up and they look bad ass. They dont look ghetto. Haha.

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New to Storage Auctions? / Re: New guy in Austin TX.
« on: April 06, 2011, 11:47:36 AM »
Hmmm, How do you sell yours?

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South West / Anyone in Austin, TX?
« on: March 31, 2011, 03:33:12 PM »
Anyone in Austin, TX? Just wondering how the auctions were here and if there was anyone on the board down here. Thanks

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New to Storage Auctions? / New guy in Austin TX.
« on: March 30, 2011, 11:25:40 AM »
Im looking at getting into storage auctions. Ive always bought and sold alot of my own stuff. I use CL prolly 5 hrs a day and a bit of ebay. First, i noticed i could only sell 500 dollars worth of items per month, what do i have to do to raise that? Also, who works in Texas? I would just like a feel for things. I plan on scoping out the auctions soon, but havent been able to yet because i work full time and most of the auctions around here are during the week.... Also there is one flea market i would like to sell at here in austin. Its travel channels #8 of worlds best flea markets lol. Truthfully, its a bunch of fake stuff, junk and mexicans. JW if anyone has ever sold there? Its only 20 per day.  Thanks!

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