I started an online company a few years ago. It's not anything big, but it has been a nice side project. The most I made in any year was $55,000. All sales were made through PayPal.
I was very young when I began to make sales, and was extremely confused when it came to paying taxes. Fast forward 4 years later, and I have not paid a single cent to the IRS. I realize that I will be charged interest, late fees, etc and plan to hire a professional to help me take care of all that this year.
However, I am planning to sell my company within 3 weeks, and am going to take care of my situation with the IRS after.
Will this affect the sale in any way? My buyer has not asked to see any tax returns and I don't think he will. Would I be right in making the sale now, and taking care of my taxes after?
Submitted February 14, 2017 at 01:50PM by steefkeef http://ift.tt/2ktJZRg
