In the past six years, I have run a stand selling golf balls next to the course in my subdivision, taken over a lawn mowing business, and sold paracord bracelets at the annual art fair in Plymouth, Michigan. Consequently, I have learned the importance of tracking income and expenses for tax purposes, among other reasons. Over the course of my ventures, I decided I had enough excess money to start a Roth IRA; however, this meant I needed to report my income. The first year I contributed to the account, I put in over one thousand dollars and had to pay self-employment taxes. Preparing for the following years, I carefully read the laws about taxing income and determined I could avoid such taxes by depositing a maximum of four hundred dollars a
