Have a Tax Question? Ask a Tax Expert
Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.
Yes, you will be responsible for federal, state, and city income taxes (if you are in New York City) on the profit you generate from the sale of your artwork
If you sell within the state of New York to customers, you will also be responsible for collecting sales tax on that sale
but, if you sell to customers in other states you would not have to collect sales tax
Oh. so I collect 8% of my artwork price from the buyer from NY, right?
Correct and remit that to the state
Am I allowed to ask just 1 question?
What other questions do you have?
Ahh. Federal and city tax, what are they like?
I'm not sure but I heard that or federal taxes, there are many kinds.
I don't know what rate you would pay, because I would have to review your entire return
Oh. That's for federal?
yes, and city/state
Aw that's a all of them.
My last question, what would you recommend for reading, about taxes?
cause it seems like I would have too many questions and that's going to take too much of your time.
You can review the IRS website for Federal tax information
I would pay attention to the articles on tax for non-resident aliens
Is there anything else I can help you with today?
that was a great help already
thank you very much
have a goood day
Glad I could be of assistance. Once you are satisfied with this communication, please rate as "excellent" so that I may receive credit for assisting you today