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.

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

Thanks!

Hmmm, How do you sell yours?

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!