Please consider utilizing those resources. If you are worried or confused, the IRS has things in place to help. I highly recommend you DO talk to a tax professional, especially if you are over the age of 18, do this professionally for your income, and make over $2000 per year at conventions. Both are reported differently, both vary state to state. There seems to be two ways you can handle your convention table in terms of taxes: Hobby or Small Business. Please do your research, because we cannot be held responsible for your choices. Nattosoup: To anyone with tax related questions: We are not tax professionals. However, if you’re very unsure or uncomfortable looking up and comprehending this information yourself, I highly recommend talking to a tax or small business professional. Some other helpful information can be found in our #taxes tag. My address is in Seattle, and so when I applied for the UBI, the City of Seattle became aware of my doing business here, and I was informed I also needed a city business license. In some states, when you apply for a sales permit, it will ask you to register for a business license if your place of residence requires it.įor example, I have a permanent UBI number for the state of Washington, which is basically their sales permit. You typically do not need a business license to have a sales tax permit, but again, this may vary with state, and you may want to look into one anyway if you know you’re going to be doing this a while. Some states allow temporary permits others only have permanent ones, though you should be able to cancel it after your event if you aren’t sure you’re in it for the long haul. Look up details regarding sales tax reporting and payment.Ī sales tax permit allows you to sell items and collect sales tax for those items, which you would then need to report to and pay back to the state. Search for “sales tax permit” or similar. If you want to be extra safe, you can check the state’s department of revenue website. Do they require any permits or licenses? If there’s nothing stated, email them to double-check.
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