Taxes in United States

I’ve searched the forums for this topic and didn’t come up with anything. How are taxes handled when it come to app development?

Let’s say I received $1,000 from selling app XYZ last month. For round numbers, the $1,000 is after Apple and Google takes out their cut. Do I need to set aside 30% of my profits for tax purposes?

How are you handling your tax information? [import]uid: 14218 topic_id: 11808 reply_id: 311808[/import]