How do I pay taxes for a lawn mowing business?

  • Thread starter Thread starter Mr. Wiggins
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Mr. Wiggins

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I am just going to mow a few lawns for some of my neighbors. What are the rules for paying taxes on this?
Does the $3000 a year refer only to the specific business, or to all the money that I make from any source?
 
you have to make over $3000 to file taxes so you don't have anything to worry about.
don't let anyone tell you that you can make money online, those are all scams!
 
As an independent contractor (if you were a lawn mowing business, you would almost certainly be that), you need to report, and pay FICA taxes, on $600 or more made in a year.

Easiest is to be a sole prop, Sch-C and Sch-SE, going on to 1040.
 
You are obligated to keep records of income and expenses. You are required to report that portion of profit or loss on your income taxes. You are required to make estimated quarterly payments to the Feds and State on the expected profits you will make.

Here's a link to help from your favorite uncle.
 
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