I am also having trouble figuring out HOW to pay those taxes.
What I already know:
I've obtained a Business License from the WA State Department of Revenue. I've also created an online account with them to pay all of my state taxes electronically.
I have also obtained my EIN from the IRS --> I'm incredibly confused as to what I'm supposed to do with this number.
My Business License application for the City of Everett is all filled out and I am just waiting to turn it in to the City Clerk's office.
What you need to know:
I am a sole-proprietorship and have no employees.
My work is in manufacturing; I make animal cages from welded wire.
My expected annual income is less than $12,000. This is just a side business until I can make it more than that.
I will be working out of my home.
My questions:
What are all of the taxes that I need to file?
How do I go about filing those taxes?
This forum seems like a wonderful place. I look forward to getting to know all of you.
Thank you,
NW
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