If I make an EIN, do I need to file taxes?
thinking about drop shipping. Expect 400 sales a year but only maybe $2-$3K.
Since I will go over 200 sales I will need to give paypal SSN (Can't) or EIN.
But PayPal won't send me tax form since I didn't hit both 200 sales and $20K.
My question is if I get an EIN, am I am required to do taxes, even if PayPal doesn't send me tax form?
If I am required, than I don't think the time is worth the money ($2-$3K)
|