I have a question that I was planning on posting only to a marketer or two that I know were teens when starting out and I think one of them even still is under 18...but it seems the Search Feature is not working right. I can't even find Paul Myers in search for crying out loud! LOL
Anyway, both of my daughters are wanting to learn to make money online and we are supportive of their positions because we just can't stand the thought of what they'd have to deal with at a grocery store, convenience store, McDonald's, or what have you (ok, maybe it's just me...but they're MY babies.)
Plus, maybe they'll become super successful online and can support me for awhile. HaHa
My question is this...
How do I handle the Paypal Issue? Can Teenagers have their own Paypal Account for "business" purposes? If they make beyond a certain amount, they'll have to file taxes at a certain age, anyway. I'm worried about setting up another account under our name and then letting them both use profiles from it. It worries me about the possible Tax Implications for US if it is in our names.
Now, my girls are crazy resourceful when it comes to ideas and creativity! My oldest, 15 years old, just spent a couple hours today creating her own line of T-Shirts and Hoodies with TeeSpring and they are WAY more creative than anything we've come up with.
I know that Caleb Spilchen (spelling?) was very young when he started out and I wanted to know how he handled the Paypal Issue. Now that Paypal reports Tax Documents directly to the IRS if over a certain Dollar Amount and/or Number of Transactions.
If anyone has any ideas or answers that can point us the right way, please let me know. I'll be on and off throughout the night, but I'll be checking when I'm on to see if anyone had ideas.
I just had Back Surgery to have a Spinal Cord Stimulator implanted in me for the Chronic Pain Issues that most long term Warriors are familiar with me having, among other health issues. With that said, I'm lucid parts of the day and parts of the night, but I never know when that will be...so please, post anytime you possibly can!
Thanks in advance for any and all help! I almost always get great info pointing me the exact direction I should look.
I can't wait for your input!
Thanks so much,