Opinions expressed by Entrepreneur contributors are their own. Q: I have just started an online store where I will hold some inventory and want to know how I will be taxed, what tax forms I need to ...

Identifying and valuing inventory is a vital component in preparing a federal tax return for small businesses. Inventory is made up of all the items that a business has on hand to sell, as well as all ...

When a customer returns purchased inventory, you must account for the return in two ways. The first must reflect the return in your revenue and returns and allowances accounts; the second affects your ...