You have to pay taxes on income earned, regardless of your age, regardless of where the money comes from. You have to report it in your income tax if it is over a certain amount (probably $600). You'll have to pay taxes on it, assuming you actually make it into a taxable bracket. I'm assuming if you didn't have a summer job from school, you won't make $12k for the fiscal year, so you probably won't pay taxes. I believe 12k is the bracket you have to pass for taxes. I don't recall exactly. You will have to declare it though. It's not like they'll magically ignore checks being cashed.
Thats right, you may not make much and have to PAY taxes, but you still have to REPORT the income. I personally didn't pay CB or AdSense taxes last year because I was really broke, thank god for not being audited!
I haven't been audited before... and I don't want too. It's like finding out in the middle of a month, "Oh hey, you owe us some money, PAY US NOW or we're raiding your bank account."
LOL, it's strange. How come you made over $1k with Clickbank without even knowing the basics of reporting feature and receiving the payments...
I think you should wait for the next payment period, and the check is always come in US currency. I guess your age doesn't matter so much, but you have to make sure that you dont have a problem with the tax in your country.
You guys are scaring me with all this tax stuff. I talked to my mom and she said that I am not even using my Social Insurance Number or any other number and I still have to pay tax. This really sucks! Imagine if I make $300 000 a year and then I have to pay $94 000 in taxes. But, if I take my check and go to some "Cheques Cashed" mart, then I don't think I have to pay any tax. If you spend a lot of money, then you can tell them that you don't really save any money. Oh well, I am newbie and I think I need to calm down and see how it goes. "LOL, it's strange. How come you made over $1k with Clickbank without even knowing the basics of reporting feature and receiving the payments..." I have been promoting one product since Aug/13/2008 and all of my earnings are from there. I read their FAQs and got some of my questions answered. Plus, a guy like my age can't really spend 24x7 time on the web. I have got school and that is also important. Anyway, my goal is to make at least $1000 - $1500 a day.