Well i have a website that makes about 100-150 dollars a month from adsense and zango. of course i have all the information setup as my mom so the checks are on her name. but recently i opened up my own checking account and i was wondering if i can transfer everything over to that? I am currently 16 years old. Would i be able to put adsense with my information and same with zango. also how does the tax information work? do i have to pay tax with anything? just some information would be appreciated thanks for your time.
If you are 16 years old you cannot sign up to adsense etc, you need to sign up in your parents name. This means all checks and earnings from those sites must also be deposited in your parents name. After the checks are deposited though you/your parents can do whatever they like with the money, including transferring it to your account. If you make over $600 in a year you must pay taxes on the money.
If i set adsense up with paypal despoit's or directly deposit with my checking account will that work? or will they know that im underage same goes for if i set paypal up with my checking account the checking account is on my name and my moms name