Same Old PP Tax Q with a Twist!
I have been selling a lot on my stealth account and flagged the potential for 200 sales alert, prompting the request for tax info.
I think the unspoken implication with most users is that they do not want to pay taxes, but this is not the case for me. I have tracked my expenses carefully and have even made some clever deductions/donations to offset my profits... long story short, I am fully cooperative with the concept of filing taxes for my sales.
My problem is simply this - like most stealthers, my SSN is not an option due to a previously suspended account. Which should I provide - an individual tax identification number (ITIN) or an Employer Identification Number (EIN)? Obviously, I will need to create an LLC or create a company if I want to acquire an EIN... how would I go about obtaining an ITIN? Is one quicker/better than the other? My concern is that PayPal will actually limit my account if I do not provide this information somewhat promptly.
Any help is appreciated, thanks!!
Last edited by Aurora; 08-12-2016 at 01:33 PM.
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