<prompt> Human: A few more details: I turn 18 in the beginning of next year. I make money by selling ads on social media sites, and currently have around 25K cash in my paypal account, and will probably have 40-50K by the time I do turn 18 if i continue at this rate. I have considered sending it to my parents, but they are concerned that they will have to record it as their income, and pay taxes on it even though it is my money. Also, I considered just waiting until Im 18, and then making a new paypal account which I would verify legitimately, and then slowly send the money over.I am going to be meeting with a lawyer next week to work on some unrelated business issues, and start a LLC. If I have that could I work around the age restrictions by saying it is for the business?Any help is VERY appreciated. Thank you.  <response>: Its a tax issue regardless because youll need to file taxes for 2015 for that income. PayPal could hold the money on the Fact youre not 18 and thus breaking its terms of useSince youre a minor your parents would be claiming you as a dependent but you have income to report and taxes to pay. So really you might as well transfer it and expect to pay taxes on it 