Legal Help?

[akiedo7979]

I want to build my online making money buisness, have the ideas, have everything tuned to the finest exept of the legal part
What Im saying its that I live in the East coast of the US, and Im gonna sell some SMS like Twitter, Insta, YT, and FB related boosting services. Im just asking if this is legal to sell???? In case that I got to make 20k, how can I report my online income to IRS

 

[jim mark]

add me in skype: jim.mark84 lets dicsuss

 

[akiedo7979]

In case of making 20k+ a year of my making money idea, when going to fill tax form, how can I declare it, like "income from home" "home work" "internet marketing" I just ask if selling social media services is legal and how to report the income made with it into tax form in case that I get to make 20K+ year
(sry 4 bad eng, i aint native eng language speaker)

 

[jim mark]

kindly add me skype

 

[Genesis]

I can't advise you from a tax perspective as I am not from the US and don't know how it works but I would presume that income would be classed as self employment.

If you mean Social Media services as in followers, likes, tweets etc. then these are completely legal to sell and they are only against the Social Media company's terms of service that you can't do it.

 

[AnthonyCorleone]

if you use paypal they will do this all for you
claim your tax as self employee working from home you do online marketing
what you planning to do its legit as long as you present it legit you can simply claim you reselling popular services and they really don't even care how you make $ as long as you pay tax in time from your income

you can go local court house and file paper for LLC license to give you that extra legitimate look if you want

 

[akiedo7979]

if you use paypal they will do this all for you
claim your tax as self employee working from home you do online marketing
what you planning to do its legit as long as you present it legit you can simply claim you reselling popular services and they really don't even care how you make $ as long as you pay tax in time from your income

you can go local court house and file paper for LLC license to give you that extra legitimate look if you want

So If i charge my clients under PayPal, they will collect the tax for me?? and what should I do when the time comes to fill the tax form?

 

[Finn]

What you need to do here is considering a consultation with a tax accountant.

This will answer your questions and gets you smart recommendations you know.

 

[akiedo7979]

What you need to do here is considering a consultation with a tax accountant.

This will answer your questions and give you smart recommendations you know.

The problem here its that im under 18, and Im sure that they will want to take a look from where I get the money

 

[Finn]

The problem here its that im under 18, and Im sure that they will want to take a look from where I get the money

Well, just get in touch with a real and professional tax accountant. Your informations should be safe he wont call the cops lol.

 

[akiedo7979]

No just get in touch with a real and professional tax accountant. Your informations should be safe he wont call the cops lol

I wasnt taliking about the tax consultant, im talking about cops, irs, they will want to know from where is the money coming from, cuz an 15 years old making lots of money from home and declare them as internet marketing, and dont have any trademarks of everything running on my name will be so suspicious

 

[Finn]

I wasnt taliking about the tax consultant, im talking about cops, irs, they will want to know from where is the money coming from, cuz an 15 years old making lots of money from home and declare them as internet marketing, and dont have any trademarks of everything running on my name will be so suspicious

​

 

[akiedo7979]

I think they are coming for you dude. Better hide your ass.

​

LOL, can you guys please take this seriously, this is stopping me from starting my online buisnes

 

[Finn]

LOL, can you guys please take this seriously, this is stopping me from starting my online buisnes

I already gave my serious advice on above comments buddy.

Edit: BTB is actually right you should talk with your parents about all of this.

 

[BassTrackerBoats]

I wasnt taliking about the tax consultant, im talking about cops, irs, they will want to know from where is the money coming from, cuz an 15 years old making lots of money from home and declare them as internet marketing, and dont have any trademarks of everything running on my name will be so suspicious

You're 15, have you spoken to your parents about this yet?

 

[AnthonyCorleone]

So If i charge my clients under PayPal, they will collect the tax for me?? and what should I do when the time comes to fill the tax form?

its doesn't work like that

the way it works lets say you from California you have federal tax and you have state tax
so lets say federal its 35% everywhere + your state tax 20%
so total in taxes you pay 55% of your income

so if you sold 20k$ worth of services whatever you selling no one really cares nor cops nor IRS not even FBI no one really give a F... of what you selling you can BS this how you wan when they ask wheres money from as no one will be checking this unless you got audited

you get audited when you think you smarter then IRS

anyway back to the story you have to pay 55% of your 20k sells
no paypal brakes it all down for you

20k in sells
5k in witraws to your bank (your profit)
10k in sending to others paypal (this its your business expanse)
5k in fees/disputes/charge-backs other bs (business expanses)

now your profit of 20k growth its only 5k now of this 5k you pay your 55% tax

and yes the best advice you got here its to find local PRO TAX guy who handles taxes for people either for small % of your amount or fixed rate the ones that asked fixed rate they the best way to go as its always cheaper

now you can talk to them even if you 10 years old because in USA you technically can legally work and file your own taxes when you 16+ years old

and last in a list its no one cares of how you make money as long its all documentation on papers by your bank and your bank approves those money
in your case its paypal if paypal don't block your account after you made first 3-5k then you have green light to make as much as you want and cops/fbi/cie/kgb/irs and others agency's will never ask you wheres money from
unless muhamed transfer you some dirty stuff ^^ but then no one protected from such stuff so good luck buddy hope I answered all your questions
so go make that cash now ))