Do I have to pay taxes if I am selling food from my home? -

I do plate lunches on the weekends. Do I have to pay taxes on the money earned from this?|::::|Typically, food items are NOT taxable, but there are exceptions. If the food is being consumed on the premises it is probably subject to taxation. Some food items are taxable no matter where they are consumed-soda, bottled water, gum, mints. The best place to check is with your state s department of taxation-I know the laws vary state by state.|::::|Any money you earn no matter what you are selling is income. You will need to keep records of all the money you collect as well as all the money you spent to earn that money. Keep records of what you spent on food, plates, etc. you cannot deduct any money for your labor. If someone helps you serve, you can expense what you pay them, but you will need to issue them a 1099-misc if you pay them 600 or more in one year. You will file your regular 1040 and complete a schedule C and SE. For more info visit the IRS website. There are a lot of resources for small business owners.|::::|if you dont tell, no one will know. paying taxes on it would mean you probably would need an accountant. you would need to keep track of your expenses, profits AND would probably have to pay taxes in advance. however, the little money you make on weekends would be eaten up real quick! plus, uncle sam dont care if u make 50 bucks here and there on the weekend.|::::|All income is taxable unless there is a law declaring it specifically non-taxable. Yes, you have to pay income tax and probably self-employment tax on all income earned do that.