Will I have to file or pay taxes for drop shipping products?
March 30, 2009 by Wholesale Tips and Information
Filed under Drop Shipping
Can you answer Joe Joe’s question about Wholesale?:
I recently started drop shipping some products on my website. Do I have to file taxes? The products ship out of Georgia and I am located in Wisconsin. Also should I LLC?
Wholesale Designer Handbag
I recently started drop shipping some products on my website. Do I have to file taxes? The products ship out of Georgia and I am located in Wisconsin. Also should I LLC?
Wholesale Designer Handbag
Wholesale Feedback: Deliveries to WI are taxable. Your location and the delivery location are what matter, not the location of the shipper.
Don’t waste you money on an LLC. It won’t save you any money and may well COST extra both in taxes paid and tax preparation. You’re in a low risk business so there’s little need for the limited shield of your personal assets that an LLC provides.