TOPIC: Taxes

Billy,

How do taxes work for what you sell/buy? Do you have to file paper work on the sellers, so that they should claim income for tax purposes? Just curious.

mhowa we take the diggers name address and zip we write down the amount and they give there initals.Whether they pay tax on that or not is up to them,but if they did they would have to file them as self employed income.

dealers turn in as self employed also and keep there own records.

Billy.