Paying taxes for mixtape beats...

[spitj]

Just wondering. Kind of a hobby. Do I have to have some sort of merchant account or license?
Thanks in advance.

 

[dwells]

This is the funniest thing I've seen all day.

technically, you should pay taxes. but I seriously doubt anybody does. But I do recomend if you are making serious money from it (ROFL!!!) and the income is traceable (like paypal, checks, etc) then I recommend talking to an accountant.

 

[galacticboy]

Yes, you have to report all income to the IRS, no matter where it came from.

http://www.irs.gov/newsroom/article/0,,id=169490,00.html

 

[deanlofts]

Just take cash payments . If it is local of course.

 

[knowledge559]

good post

 

[Obitheincredible]

Just take cash payments . If it is local of course.

Cash is king

 

[Vasanglin]

cosign good post... But save yourself the headache if you can get Cash Money (wilmer Valderrama voice)

 

[Obitheincredible]

Lol @ wilmer valderrama voice