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We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!
Our daughter is 17 and we claimed her as a dependent but need to file for her. According to the internet we are not required to withhold s.s. and medicare and she doesn't owe that on the money we paid her, but will she need to pay federal income tax on the $8000?
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We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!
Yes, she may be required to file and may have a small tax liability, click here for more information.
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We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!
Yes, she may be required to file and may have a small tax liability, click here for more information.
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We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!
Thanks for the link!
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