Most kids who start their own business do so because they want to make some extra money, maybe so they can buy a car or save for college or just for some extra spending money. I’m going to go out on a limb here and assume that the last thing kids are thinking about when [...]
Kids & Taxes: Do Kids Need to Make Estimated Tax Payments? If you have kids who are in business for themselves, then just like adults, they may need to make estimated tax payments. Here’s a brief summary of who needs to make estimated tax payments and how to make them. The federal income tax system [...]
Once your child starts earning money, he might need to file a tax return.