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Feb 16, 2018 1:00 am
We are small private corporation established in January 2017.
During 2017 we sold products online at amazon.com for $1600 and it costed us $1700 to manufacture and deliver. Is my understanding correct that "Sales" apply to sale of products not money deposit to corporations bank account?
Please advice do we still need to fill tax forms without any income?
Appreciate your reply.
Ivan