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Do I have to file taxes at the end of the year if my job is running an online store?

I am from Texas and I am getting ready to start an online store and I want to get all the legal stuff out of the way. Today, I started thinking about taxes. Do you have to charge taxes only on items that Texas residents buy or on items that everybody buys? I also wanted to know if I have to file taxes at the end of the year. This will be my first job and I have never filed taxes before, so will I have to if I start this online store? Thank you for reading my question!

Asked By: D. Lightful - 9/29/2007
Best Answer - Chosen by Asker
Yes, you will have to pay taxes on your net income before taxes (profit before taxes) at the end of the year or face Uncle Sam's wrath for income tax evasion. It's earned income, same as if you had a job working for someone else... More
Answered By: truttman - 9/29/2007
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