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Peter Boll   wrote on : Wed May 05th,2010   Back to Article

I know I have to report my income from business ventures to the IRS and the State. Let's say I set up a pure dotcom business in my home selling T-Shirts. If my home based dotcom becomes profitable will my business be subjected to city taxes?

Reply : infotaxsquare.com
 

If you live in the state where the local taxes are applicable then yes you are subject to local taxes.



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