I plan on doing some freelancing, I am wondering how accepting money via paypal works with taxes.

thank you in advance.

Originally Posted by dan1088352

I plan on doing some freelancing, I am wondering how accepting money via paypal works with taxes.

thank you in advance.

Very simple. Logged in to PayPal, click Profile (navigation under My Account). Then, under Selling Preferences, select Sales Tax and modify the preferences to what you need.

so what about when income taxes come around. do I just need to keep logs and put that into my gross income?

this publication should answer all of your questions regarding claiming income tax (I'm assuming you're in the U.S.)

http://www.irs.gov/pub/irs-pdf/p15.pdf

im not making a buisness out of this, just a few jobs on the weekends

mainly the graphics board here