Young Courtney Ashland and Sarah Pinkerton are finally having their 2 year friendship challenged has they received grim news from their parent. The IRS states that they plan to audit the summer lemonade stand that kids started in May to September of 2008.
Jerry Selmer, a spokesperson for the IRS states "We cannot teach out youth it's okay to cheat on our taxes and if you do you will get caught."
The IRS just kicked off a new campaign aimed at under the radar businesses children have been running for years. The new campaign plans to target such businesses as lemonade stands, grocery bag handlers, and private car washes just to name a few.
Jerry Selmer Explains that to avoid any IRS entanglements children should take caution and during tax season not to forget to pick up a copy of the IRS From 1010. The IRS Form 1010 is designed so children can simply fill it out, with the help of parents, to report small business earnings and allowances.