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Declaring taxable income for a minor in the United States
The Next CEO of Stack OverflowWhat is the purpose of the inheritance tax in the United States?Emergency vehicle laws in the United StatesIs there a threshold for declaring interest income from a foreign country?What is the punishment for slavery in the United States?Can an employer owe money for an employee's income tax?Is the United States at War?Is there an “high altitude mountain climbing age” within the United States?Minor in violation of curfew on his propertyCan multiple states demand income tax from an LLC?Is it considered breach of contract or advertising laws if a developer markets their game as releasing on digital store A, but then chooses store B?
I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors.
I am a computer programmer, or, to be more specific, a Full Stack Developer, so any money I make as a result of my entrepreneurial endeavors is generated through offering software and web/mobile application based services, as well as selling digital/physical products (online courses, email newsletters, Dropshipping, etc.)
I'm wondering, in the United States, how much money I have to earn before that money has to be formally declared to the IRS. I heard it was 3000 USD, but I want to be sure. Does that money have to be declared on a parent's tax returns, and how might establishing an LLC or similar affect his?
Considering I develop applications, money is made primarily through subscription-based models, as well as ad revenue from Google AdMob and Google AdSense. I also earn money writing articles for a company based in London.
Any advice as to not defraud the United States and ensure I don't break any tax laws would be much appreciated.
united-states tax-law fraud texas minor
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors.
I am a computer programmer, or, to be more specific, a Full Stack Developer, so any money I make as a result of my entrepreneurial endeavors is generated through offering software and web/mobile application based services, as well as selling digital/physical products (online courses, email newsletters, Dropshipping, etc.)
I'm wondering, in the United States, how much money I have to earn before that money has to be formally declared to the IRS. I heard it was 3000 USD, but I want to be sure. Does that money have to be declared on a parent's tax returns, and how might establishing an LLC or similar affect his?
Considering I develop applications, money is made primarily through subscription-based models, as well as ad revenue from Google AdMob and Google AdSense. I also earn money writing articles for a company based in London.
Any advice as to not defraud the United States and ensure I don't break any tax laws would be much appreciated.
united-states tax-law fraud texas minor
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago
add a comment |
I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors.
I am a computer programmer, or, to be more specific, a Full Stack Developer, so any money I make as a result of my entrepreneurial endeavors is generated through offering software and web/mobile application based services, as well as selling digital/physical products (online courses, email newsletters, Dropshipping, etc.)
I'm wondering, in the United States, how much money I have to earn before that money has to be formally declared to the IRS. I heard it was 3000 USD, but I want to be sure. Does that money have to be declared on a parent's tax returns, and how might establishing an LLC or similar affect his?
Considering I develop applications, money is made primarily through subscription-based models, as well as ad revenue from Google AdMob and Google AdSense. I also earn money writing articles for a company based in London.
Any advice as to not defraud the United States and ensure I don't break any tax laws would be much appreciated.
united-states tax-law fraud texas minor
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I am 16 years old, located in the United States (Texas), and I am currently embarking upon entrepreneurial endeavors.
I am a computer programmer, or, to be more specific, a Full Stack Developer, so any money I make as a result of my entrepreneurial endeavors is generated through offering software and web/mobile application based services, as well as selling digital/physical products (online courses, email newsletters, Dropshipping, etc.)
I'm wondering, in the United States, how much money I have to earn before that money has to be formally declared to the IRS. I heard it was 3000 USD, but I want to be sure. Does that money have to be declared on a parent's tax returns, and how might establishing an LLC or similar affect his?
Considering I develop applications, money is made primarily through subscription-based models, as well as ad revenue from Google AdMob and Google AdSense. I also earn money writing articles for a company based in London.
Any advice as to not defraud the United States and ensure I don't break any tax laws would be much appreciated.
united-states tax-law fraud texas minor
united-states tax-law fraud texas minor
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
asked 11 mins ago
Jamie CorkhillJamie Corkhill
11
11
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Jamie Corkhill is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago
add a comment |
You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago
You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago
add a comment |
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Jamie Corkhill is a new contributor. Be nice, and check out our Code of Conduct.
Jamie Corkhill is a new contributor. Be nice, and check out our Code of Conduct.
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You're much better off asking at money.stackexchange.com
– BlueDogRanch
8 mins ago
@BlueDogRanch Thank you. I was just looking through all of the Stack Exchange sites for something better. I must have missed that one. Should I leave this question here and ask over at Money, or delete this one and ask again?
– Jamie Corkhill
7 mins ago