My 15yo son gets a regular, about $200/mon cash income from doing chores and yard work for neighbors. He doesn't get a W2.
Is he considered self-employed by IRS and has "earned income"?
What are the taxes he has to pay and how to pay his taxes (income, self-employed, ...etc)?
How to prove he has "earned income" so he can put some of that cash into a custodial Roth IRA account with him as the beneficiary?
