Do I hold to retribution taxes ?
I AM 17 YEARS OLD AND LIVE IN OHIO . RECENTLY MY FRIEND TOLD ME SHE TAKES PAID SURVEYS FOR EXTRA MONEY . SO , I THOUGHT THAT I WOULD TRY . NOW , I MAKE BETWEEN $100 -$5,OOO A MONTH FROM EACH SITE THAT I SIGNED UP FOR TAKING PAID SURVEYS , READING EMAILS , AND ' SURFING THE WEB ' . I DON'T WANT TO GET INTO TROUBLE FROM THE GOVERNMENT BY NOT PAYING TAXES ; WHAT SHOULD I DO ? I DON'T REALLY NEED THE MONEY , MOST OF IT I GIVE TO MY CHURCH , CHARITIES , AND MY GRANDPARENTS TO HELP WITH MEDICAL BILLS . I ONLY KEEP A LITTLE EACH MONTH TO GO SHOPPING AND TOWARDS MY WEDDING FUND , SO WHEN MY FIANCE COMES HOME FROM THE MILITARY IN 2 YEARS WE CAN GET MARRIED . WHAT WOULD BE THE BEST THING FOR ME TO DO SINCE I AM ONLY 17 YEARS OLD ? PLEASE HELP ME !
Answers:
Hate to explain to you this but if this is legal (which I really really enjoy my doubts about), you are not singular subject to regular federal income export tax (and state tax), but also self-employment tax, which is 15.3% of 92.35% of a web Schedule C profit, which the money that you are making from the sites would be. You requirement to save track of your income (which would be the payments you receive), and any expenses you incurred in earn those monies. But I sincerely doubt that this is genuine.
put the money underneath your pillow so the tooth leprechaun can comfort more children who take home up stories approaching this..
If you're making $5,000 a month, you damn sure better be paying taxes! Assuming that you are a dependent, your file requirement amount for 2007 is $5,350.
However, I HIGHLY doubt that you're pulling $5,000 a month doing what you claim you are doing. Nobody make that genus of money doing surveys or reading e-mails unless they're involved in some sort of SCAM.
People who type in adjectives cap are annoying. You are a storyteller.
You involve to preserve apt annals of what you are rewarded, and any associated expenses. All of this requirements to be reported on a tariff form 1040 Schedule C, and file respectively year, if your total for the year is over $400.
Tax sound out in the region of claiming a dependant.?
How much introduction duty will I earnings on a $50 pack from USA to UK?
Career as a rates preparer?
Which is a better investment - 7% tax-deferred or 9% taxable?
?How could I claim my taxes?
Answers:
Hate to explain to you this but if this is legal (which I really really enjoy my doubts about), you are not singular subject to regular federal income export tax (and state tax), but also self-employment tax, which is 15.3% of 92.35% of a web Schedule C profit, which the money that you are making from the sites would be. You requirement to save track of your income (which would be the payments you receive), and any expenses you incurred in earn those monies. But I sincerely doubt that this is genuine.
put the money underneath your pillow so the tooth leprechaun can comfort more children who take home up stories approaching this..
If you're making $5,000 a month, you damn sure better be paying taxes! Assuming that you are a dependent, your file requirement amount for 2007 is $5,350.
However, I HIGHLY doubt that you're pulling $5,000 a month doing what you claim you are doing. Nobody make that genus of money doing surveys or reading e-mails unless they're involved in some sort of SCAM.
People who type in adjectives cap are annoying. You are a storyteller.
You involve to preserve apt annals of what you are rewarded, and any associated expenses. All of this requirements to be reported on a tariff form 1040 Schedule C, and file respectively year, if your total for the year is over $400.