Smug Dilemma

DanielB

http://standoutphoto.smugmug.com/help/reporting

oiy!:rolleyes what should i do? i've never encountered something like this before and my parents are pretty hinky about sending out my Social Security number. and how would this work since i'm under-age?

thanks guys,
Daniel

Andy

DanielB wrote:

http://standoutphoto.smugmug.com/help/reporting

oiy! what should i do? i've never encountered something like this before and my parents are pretty hinky about sending out my Social Security number. and how would this work since i'm under-age?

thanks guys,
Daniel

You must fax us the form, Daniel, or we can't pay you. IRS Rules, not ours.

DanielB

Andy wrote:

You must fax us the form, Daniel, or we can't pay you. IRS Rules, not ours.

right, but how does it work since i'm underage?

Andy

DanielB wrote:

right, but how does it work since i'm underage?

The IRS doesn't discriminate against age. Income is income

jfriend

DanielB wrote:

http://standoutphoto.smugmug.com/help/reporting

oiy! what should i do? i've never encountered something like this before and my parents are pretty hinky about sending out my Social Security number. and how would this work since i'm under-age?

thanks guys,
Daniel

Daniel, this is no different than getting a job somewhere. The job application would require you to disclose your social security number so that when you are paid, your income can be properly reported. It's the same for Smugmug. When you get paid they have to report the income. Your parents need to trust Smugmug with your social security number similarly like they would need to trust any local establishment that you might get a job with. That decision is obviously up to you and your parents, but that's the way it works if you want to get paid profits.

DanielB

jfriend wrote:

Daniel, this is no different than getting a job somewhere. The job application would require you to disclose your social security number so that when you are paid, your income can be properly reported. It's the same for Smugmug. When you get paid they have to report the income. Your parents need to trust Smugmug with your social security number similarly like they would need to trust any local establishment that you might get a job with. That decision is obviously up to you and your parents, but that's the way it works if you want to get paid profits.

thanks all for answering my questions. Kinda new to this since i dont' really have another job besides mowing my grandpa and neighbors lawns.:D

so next question, will they take out income taxes then

Andy

DanielB wrote:

so next question, will they take out income taxes then

No, we just report the earnings to the IRS.

JimM

DanielB wrote:

thanks all for answering my questions. Kinda new to this since i dont' really have another job besides mowing my grandpa and neighbors lawns.:D

so next question, will they take out income taxes then

Welcome to the wonderful world of paying taxes! On the positive side, I believe (I am not a CPA so just a guess) that you don't have to report it yourself Daniel, or pay taxes on it, until it is $600/year.

THE TOUCH

On the note of taxes... I was wondering if I can slip in a quick questions.

I don't have enough sales right now to worry but is SmugMug paying/charging the sales tax or do I need to claim it?

Andy

THE TOUCH wrote:

On the note of taxes... I was wondering if I can slip in a quick questions.

I don't have enough sales right now to worry but is SmugMug paying/charging the sales tax or do I need to claim it?

We collect, and remit, sales taxes on sales made in California (so if the buyer is in California). You don't have to worry about that.

THE TOUCH

Andy wrote:

We collect, and remit, sales taxes on sales made in California (so if the buyer is in California). You don't have to worry about that.

SWEET! You guys are awesome, over and over again!