Kids These Days! Child-Run Businesses And Taxes [INFOGRAPHIC]
I don’t know about you, but at 8 years old, I think I was most concerned with my collection of Lisa Frank stickers and folders. And at 13? Oh, forget about it. Anything that wasn’t Backstreet Boys – or real boys – barely grabbed my attention. But there are some young entrepreneurs out there who are securing patents, marketing products and raking in thousands of dollars in revenue, all well before they can drive a car.
Even if your kiddos are experiencing a childhood more like mine, they may host a lemonade stand this summer or sack groceries at the local store. In that case, we have a few things you should know too.
Many entrepreneurs find themselves wondering exactly how Bitcoin is taxed. Our H&R Block Tax Pros are prepared to assist self-employed filers with Bitcoin taxation.
Learn more about self-employed tax filing with advice from the tax experts at H&R Block.
Thinking of creating a husband and wife business? Learn about small business partnerships and the pros and cons of joint ventures with H&R Block.
What’s the difference between partnerships and S Corporations? Need help with your Schedule K-1? Learn more and get tax answers at H&R Block.