National e-Commerce Extension Initiative
What Is e-Commerce?
Registering as a Seller
Establish a Payment
Think about Pricing
You Are on Your Way!
Just like keeping your e-mail account information and your secure payment information, sales records are also very important. Remember, keeping good records is critical to the success of any business
Consult with state tax authority to determine current policies.
Sales tax may be state, county, or city specific.
Most states do not require the Internet seller to pay sales tax on out-of-state sales.
Local Extension educator assistance will be important as they can
assist you with setting up a sales tax account if necessary.
State income tax form (state-dependent)
Profits from e-commerce sales are subject to taxes
Federal, state, and local income taxes
Portion of e-commerce revenues should be set aside in a bank account
Forms to become familiar with:
IRS Schedule C
e-Commerce Simple Monthly Sales Ledger
Web site and all contents
2009, All rights reserved.
These materials were developed as part of the Southern Rural Development Center’s National e-Commerce Extension Initiative. They are based upon work supported by the
Cooperative State Research, Education, and Extension Service, U.S. Department of Agriculture
, under Award No. 2005-45064-03212
Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Southern Rural Development Center.