Kids These Days! Child-Run Businesses And Taxes [INFOGRAPHIC]

June 19, 2014 : H&R Block

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.

Related Topics

Related Resources

Tax Implications of Starting a New Business

The startup tax or new business tax is a topic many new business owners shy away from. Don't get caught off-guard. Review these tips provided by our tax pros.

Paying Self-Employment Tax

How does self-employment affect your tax rate? Learn how to file taxes for self-employment and get tax answers from H&R Block.

Bitcoin, Taxes, and the Modern Entrepreneur | H&R Block

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.

I have a question related to self employed tax filing when there is no income to report. I started a business, but it di

Learn more about self-employed tax filing with advice from the tax experts at H&R Block.

H&R Block

H&R Block