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Can someone help a noobtaxor out?

Discussion in 'Payments' started by Ratman2050, Jun 6, 2007.

  1. #1
    Yeah you probably know I make money with adsense, but as a 15 year old dude wth are taxes?
    If you could help me fill this form out I would Highly appreciate it.

    1. Ok first of all what is: Exempt from backup withholding. And what should I check for it?

    2. I don't feel safe entering my SSN. Will I get in any kind of trouble for being underaged?

    3. How do they pay taxes? Do they just deduct the amount from your total revenue? How much will I lose? Do taxes affect me?

    Please answer and thank you, thank you, very much.
    Ratman2050, Jun 6, 2007 IP
  2. Tearabite

    Tearabite Prominent Member

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    1) not sure about that one
    2) I think they require you to enter your SSN for tax reasons.. because you are only 15, you are breaking the TOS and risk being banned.. but i doubt they use the SSN to check your age
    3) THEY do not pay taxes - that is your responsiblity; YOU will have to file a tax return and pay whatever you owe at the end of the year - assuming you make at least the minimum amout (which is like $600 or something)

    If you're making any real money, you should consult a tax professional.. or your parents..;)
    Tearabite, Jun 6, 2007 IP
  3. Ratman2050

    Ratman2050 Well-Known Member

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    Thanks, anybody else?
    Ratman2050, Jun 7, 2007 IP