income tax for my parents

income tax for my parents

ctn42335
Visitor
1 0 0

Hi I'm starting a store here but I see that you have to be 18. If I'm not and I use my parents as the owner of the store how would the money I make affect my parents income tax if it is hooked up to them?

Reply 1 (1)

SealSubs-Roan
Trailblazer
737 58 71

Hi @ctn42335 

 

Since your parents will be the store owners, the taxes will also be registered to them. Their taxes will depend on how much sale your store made annually.

Roan
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