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» From: Camby, IN Dear TaxMama: Does one have to have a tax ID # to sell items on a website? Sandy Dear Sandy, If you're selling things on your website, you're in business. So, yes, you do need a tax ID#. Of course, if you are simply self-employed, the tax ID# you use might simply be your Social Security number. Only, Sandy, if you're going to go into business, do it right. Get the separate bank account, Employer ID # and the whole shebang. You'll find information about starting a business, and links to resources on TaxMama's FAQs page. Scroll down to the business section. And really, you might as well just get THE BOOK - you know, the one I always talk about - Jan Zobel's book. And be sure to drop by the Small Business Resource Section Doing some reading and a little research will help you keep the money you generate. OK? Best wishes, Eva Rosenberg Your TaxMama  |
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