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 Tax Alaska 2019

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Instructions and help about Tax Alaska

Businesses are taxed on their profits, not revenue, for example. This right here is our 1099-K form. This lets the IRS know exactly how much revenue we made last year. However, this is not the amount of money we're expected to pay our taxes on. Instead, we're only on the hook to pay. However much we made in net profit, which after all of our expenses and deductions, was just over 1300 dollars. That's quite a big difference compared to our revenue amount. Or in other words, gross sales. So just like we did, how can you easily calculate the amount that your business owes in taxes? Let me show you the two forms you'll need from your Amazon account and the one that you need to get outside of Amazon. Now, I am not a tax professional or giving you any legal advice, but everything in this video does come from my own personal experience and also an embarrassing amount of hours researching the most up to date information for you guys, which, by the way, there are

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