Adyen Petition, Need a great post!

[phaz0rz]

Frankly you have no business on this forum. Everyone is baffled by the fact that you keep posting here despite the fact that you don't like or use stealth accounts, and you have a negative opinion of those who do.

Why are you wasting hours a day here? I don't get it. You aren't keeping your stealth methods up to date. You aren't learning from the experience of other users here. You run a single eBay account. Seriously, how did you find your way here and why in the world have you stayed?

I'll chat with ya and exchange ideas just like any other name on the screen.. but what are you doing?

[HurricaneHuntr]

damn i saw a lot of replies, and i was hoping to come see a response to my post about how to not have to file 40 business tax returns a year lol

[phaz0rz]

Originally Posted by Moscutter

damn i saw a lot of replies, and i was hoping to come see a response to my post about how to not have to file 40 business tax returns a year lol

If you used a bunch of single member LLC's (pass through entities) you could have 20 different EIN's with the income from all of them being passed to your one single personal tax return.

It's not the ideal setup as far as tax rates are concerned, but theoretically it would allow you to have 20 managed payments eBay accounts with their own EIN's and all the profits being reported on your personal tax return.

That's the way I've always done it with Paypal. I have 3 Paypals with single member LLC EINs + 1 account that's now in managed payments. (I haven't got a 1099k from eBay yet but I used a merchant account on that eBay for years and got several from TSYS, my former processor for that account). At tax time I add up the totals from all 3 Paypal 1099's + the merchant account 1099, then deduct all my expenses from that and take it to the tax guy. All 4 1099's have different EIN's but since they're all single member LLCs, all the income is passed to my personal taxes anyway on a Schedule C.

I'm not an accountant and by no means should you use my advice to make decisions, but I hope this helps a little.

[yankee]

Originally Posted by Moscutter

damn i saw a lot of replies, and i was hoping to come see a response to my post about how to not have to file 40 business tax returns a year lol

Maybe find an accountant online that understands these needs and look into Holding accounts.

You can have LLCs pass through to one corporation. Think of all the Hedge Fund and Publicly traded companies and all the brands they own. Now, it may or many not be in your best interest but worth talking about.

[ebaystealth1974]

Originally Posted by harborpoint

also I hope no one this wonderful forum takes offense but this "agent" guy seems to ramble a lot. maybe it's me but nothing he says makes sense...

Agreed.