16 year old business owner - taxes?
by Lily, Window Shopper
- Created: September 9, 2010, 6:22 am
I started a business a couple years ago making and selling custom matching girl and doll clothing and recently became aware that I would need to have a tax ID number but do not know how that would work because of my age and also the amount of revenue I bring in is not a substantial amount.
So, do I need to get a tax ID?
If I have to pay taxes on my hard earned money, do I also get to vote even though I'm not 18?
Teens my age don't have to pay taxes when they get paid for mowing the neighbors yard...Or should they??
Thank you for any comments! I'm new at this and very frustrated that an effort to use my time productively has to be so regulated and confusing..
Any tips or advice?
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