Originally Answered: Do I have a social security number?
YES when you were born in the United states 14 years ago your parents should have taken care of the paper work to see that they did get a social security card that would be VALID for you to be able to work in the United States and this CARD would have your social security number on it for your use as your taxpayer number as a US Citizen.
So just talk to your parents and ask them about this matter and they should be able to give it to you BUT you will end up being a self employed taxpayer when you start earning income in this way and you will be required to fill out and file a schedule C and the SE of the 1040 income tax return to pay your self employment taxes to the United States Treasury Department on your NET PROFIT from your BUSINESS operation during the tax year.
Use the search box at the www.irs.gov website for What is Small Business Filing Season Central?
Small Business Filing Season Central is your one-stop assistance center for filing your business returns.
Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business is operated to make a profit.
What Can I Deduct?
To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.
It is important to separate business expenses from the following expenses:
For additional information, refer to the chapter on Cost of Goods Sold, Publication 334, Tax Guide for Small Businesses and the chapter on Inventories, Publication 538, Accounting Periods and Methods.
Note: You can elect to deduct or amortize certain business start-up costs. Refer to chapters 7 and 8 of Publication 535, Business Expenses.
Personal versus Business Expenses
Generally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. You can deduct the business part.
The remaining 30% is personal interest and is not deductible. Refer to chapter 4 of Publication 535, Business Expenses, for information on deducting interest and the allocation rules.
Business Use of Your Home
Refer to Home Office Deduction and Publication 587, Business Use of Your Home, for more information.
Business Use of Your Car
Refer to Publication 463, Travel, Entertainment, Gift, and Car Expenses. For a list of current and prior year mileage rates see the Standard Mileage Rates.
Other Types of Business Expenses
This list is not all inclusive of the types of business expenses that you can deduct. For additional information, refer to Publication 535, Business Expenses.
Page Last Reviewed or Updated: February 21, 2012
Filing and Paying Your Business Taxes
The form of business you operate determines what taxes you must pay and how you pay them.
The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay.
For additional information refer to Publication 583, Starting a Business and Keeping Records.
Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Your payments of SE tax contribute to your coverage under the social security system. Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits.
Generally, you must pay SE tax and file Schedule SE (Form 1040) if either of the following applies.
•If your net earnings from self-employment were $400 or more.
For additional information, refer to Self-Employment Tax.
Hope that you find the above enclosed information useful. 04/04/2012