Question: Taxes

**BriceD** · 11-15-2007 02:44 PM

I was going to open an online store and bought a business license in march. I still havent started my website yet and it says I owe $700 in taxes, im under 18 with no job and my mom is currently unemployed. Do I have to pay this??

**ltressel** · 11-15-2007 03:00 PM

Sounds like you got hit by the Franchise Tax Board. Are you an S Corp or LLC? Here in California we have an automatic $800 Franchise Tax Fee Minimum. If that is it- yes you have to pay it.

Need more info in your situation to really determine.

LT

**BriceD** · 11-15-2007 03:05 PM

i cant remember what it is but its from Ohio Department of Taxatin

**ltressel** · 11-15-2007 03:18 PM

Ohio is tax hungry. One thing I hate about doing business there. Anyway, it might be an estimate of what they think you made by opening the business. You should make sure that you dissolve the business so you don't have another run in with tax fees in the future while you didn't earn a dime.

My suggestion-call the tax board find out exactly what the charges are for. If you can prove that there wasn't any transaction made since you didn't open it they might be sympathetic. If you dodge it-this tax will incur interests and in the future when you get a job or such, they can levy your bank account or garnish your wages.

Deal with it and learn your lesson early. This can become a huge nightmare when you deal with Uncle Sam. Good luck Brice.

LT