US TAX: Accepting Paypal for Service?

Discussion in 'General Business' started by mudanoman, Sep 21, 2007.

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  1. #1
    I am curious if I charge a user for an online service and collect the funds via paypal -- how to handle the taxes?
     
    mudanoman, Sep 21, 2007 IP
  2. thewird

    thewird Peon

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    #2
    Same way you would anything else. You don

    Revenue - Expenses = Profit = Income

    thewird
     
    thewird, Sep 22, 2007 IP
  3. Hannah

    Hannah Guest

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    #3
    "Other Income"
     
    Hannah, Sep 22, 2007 IP