Re: Taxes for children?

[Southern_Gent]

I recall when I was 16 and had a job, I had to prepare a tax return. Of course, I turned in a 1040EZ, as I didn't make a large amount of money. That was some time ago, so I don't know how much things have changed.

[ryanmercer]

Here you go on the irs website http://www.irs.gov/publications/p17/ch01.html#publink100031875

although it doesn't really say anything on the cut off amount.

Bankrate has this to say http://www.bankrate.com/brm/itax/tips/20010330a.asp

and this tax advice website also has this info
http://www.wwwebtax.com/dependents/children_tax_returns.htm

[msta999]

Since my daughter was working as an independent contractor for the Soccer league, we were able to call it a hobby and did her taxes that way, instead of as a business.