Audio: Does a Teenager Owe Taxes?

Teens and Taxes: Does a Teenager Owe Taxes?

Hour long audio and accompanying slides

Many parents are confused about whether their teenager owes taxes.

• Should the teenager file a tax return?
• If they do, can they still be claimed on the parents’ tax return?
• What if a teenager has their own business; do they owe taxes on that business income?

Carol Topp, CPA answers all these questions and more in her audio Does a Teenager Owe Taxes? Carol discusses:

• The types of income teenagers can earn and how they are taxed
• The advantages of being a household employee for teenagers
• Tax thresholds: when to worry about paying taxes
• The infamous Kiddie Tax and when it applies to your child
• Independent Contractor status: Your child could have their own business and not even know it!

Carol offers real life examples of teenagers working jobs, earning income from investments or their own business and all the ways a teenager can make money. Included are warnings, tips and advice to help parents and teenagers alike know their tax burden and pay no more to Uncle Sam than necessary.

Don’t wait until tax season to order this audio-by then it’s too late.

Listen to this audio with your teenager today.  It’s a real life education they will remember!

Coming soon