US 16 year old taxes?

Migisv2

Registered Member

Jun 4, 2009

86

4

• Aug 28, 2009

• #1

I saw another thread like this and wanted to ask. I am making money from cpa's right now and am 16 years old. They took my ssn at application so im guessing they send it to the IRS to make me pay taxes?

 

kingbrend

Power Member

Feb 12, 2008

562

124

• Aug 28, 2009

• #2

You'll receive a 1099 at the end of the year for taxes.

I believe it's called a 1099 at least.

 

T

Total Noob

Banned - By Request

May 10, 2009

2,446

2,732

• Aug 28, 2009

• #3

Maybe if you did a Google search before clogging up the forum with useless garbage.

http://www.moneychimp.com/features/tax_brackets.htm

 

Migisv2

Registered Member

Jun 4, 2009

86

4

• Aug 28, 2009
• Thread Starter Thread Starter

• #4

thanks buddy

 

H

hannahbanana

Registered Member

Oct 7, 2008

51

33

• Sep 7, 2009

• #5

Yes, you will need to pay taxes on that money, even if you're 16.