May
15
2010
how do junk metal scrapers pay taxes?
Posted by admin in Question & Answers, tags: junk, metal, scrapers, taxesi want to go into work for myself being a one man show..how would i go about paying taxes in this business and getting health insurance if i am payed cash..i want to be legit i dont want to be worried about the IRS…Also can you make money off of scrap glass, plastic or wood like you can with metal scraps?
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Keep good records of income and expenses, and file your return based on those records. You’d buy health insurance directly from an insurer.
They write a check or pay electronically.
You must report all the money that you receive, and all the money that you spend, on either Schedule C or Schedule C-EZ. You must also complete Schedule SE, but that is just math.
You can purchase health insurance online at various websites. Ask in the insurance category, not the tax category.