Liability & Legality

**MarcusA** · 10-03-2006, 11:17 AM

How much income must you make before you get taxed on it?

**dogisland** · 10-03-2006, 11:58 AM

It depends where you're from.

**MarcusA** · 10-03-2006, 12:10 PM

Yea, cause i know google reports after $600. Wasn't sure about Ohio

**Next** · 10-03-2006, 01:42 PM

You have to report all income.

**MarcusA** · 10-03-2006, 02:15 PM

Even if it is as little as $100

**Next** · 10-03-2006, 09:18 PM

Yes. Earnings are earnings.

**MarcusA** · 10-03-2006, 11:19 PM

Ahh. Thanks

**RJaverson** · 10-19-2006, 02:53 AM

It is $600. and you do not have to report all of your income. After $600 yes, before, no.

mumbo jumbo: im not an attorney/lawyer or accountant so do not take this as legal advice (but it's $600 in Ohio)

**imported_richp** · 12-03-2006, 06:43 PM

What about the younger IMers on here?

**imported_Enrique** · 12-04-2006, 10:25 PM

As stated above, earnings are earnings. Child actors pay a mad amount of taxes (even though someone else is handling their finances).

**johniman7** · 12-04-2006, 11:03 PM

Yes, we have to pay too. My question about this is: How do you go about reporting? I have had several Adsense checks and don't have the checks or stubs anymore or have recorded the info anywhere. From now on I will be saving all of my info and putting aside about 1/4 of my earnings for taxes. How do I know how much to report from the ones I missed? Will google send everything I earned the IRS and will they tell me what I owe or do i have to figure out everything myself? Would it be a good idea to consult an accountant to figure things out for me?

**hellier0898** · 12-05-2006, 01:37 PM

In answer to the original question, and speaking from a UK angle, ALL income must be declared, even if you wash the nieghbours car for $5 - according to the tax office anyway !

**jessecooper** · 12-07-2006, 01:28 AM

i think you should check your state and fed laws... b/c i think federal is 600 but state may be higher or lower (if ur state has an income tax)

I hope the free tax law gets passes then we wont have to worry about any of this!!!