PayPal New Regulation 2011/2012 IRS, TAXES, EIN, SS, 1099 FORM Business Acc.

[renzini]

Hi
I have a question about address on PayPal

I have two PayPal accounts upgraded to a Business Last year so both are Real and I have the EIN # in Paypal.
Problem is that Address added on Ebay & PP exist but I don't have access to them. When I opened the ebay account and PayPal I just put random addresses around my real one. But when PP were asking my for EIN or Social to keep selling I decide to open a Corp to keep selling my items.
One PP has $18500 and the other around $10000 last year.
I'm not sure If PP will going to send me the 1099 but I'm pretty sure they will.
I know that I can see and print the 1099 Form from Paypal, so this way I can report and pay taxes based on my 2011 sales

My question is:

If Paypal send it the 1099 form to the registered address in Paypal and it was returned as undeliverable address. Paypal will limit me or will asking me for info about my Corporations?

Can I do a forward in the USPS from that addresses to my real one ?
Can I change address in Paypal to a friend address as new Corp address?

Please help

thanks

[SUVE]

I have two PayPal accounts upgraded to a Business Last year so both are Real and I have the EIN # in Paypal.

Right, so these are your PP A/C in your REAL details & you have the EIN for each of them ??? I thought PP only let you open ONE PP A/C in your REAL details, no ...???

When I opened the ebay account and PayPal I just put random addresses around my real one.

Why the need to put random addresses 'IF' these PP A/C are 'REAL' with the respective EIN's ???

But when PP were asking my for EIN or Social to keep selling I decide to open a Corp to keep selling my items.

Why are you not simply supplying the requested EIN you already have as you have stated so bearing in mind that this IS also your REAL PP A/C information ???
Why open up a 'Corp' as an avoidance mechanism to this EIN request ???
What am I missing here ???

Please clarify.

I'm not sure If PP will going to send me the 1099 but I'm pretty sure they will.

I am pretty sure they WILL send you the 1099 once you hit the prerequisite thresholds, no ???

If Paypal send it the 1099 form to the registered address in Paypal and it was returned as undeliverable address. Paypal will limit me or will asking me for info about my Corporations?

Either of those is a very plausible outcome.


I can possibly second guess you here & understand what is going on here but I am not going to risk that, I'd rather you simply explained yourself better.

Please can you clarify this in lieu of the issues/questions raised here within.

[renzini]

Basically this accounts were stealth at the beginning but now both are upgraded to a business, so I think from the date this accounts were upgraded and EIN number was added to each one it is not more stealth. It is a real one PP under the Corp Name.

The only problem is the address added at the begging when I just opened as stealth. (I don't have access to this address) Paypal will send me 1099 to that address and I believe it will be returned to sender.
I worry about it, because I'm not sure if PP will request more info from my company and me if the 1099 is returned to their office.

[SUVE]

From within your PP A/C, you can update your PP A/C address details to your correct address & subsequently supply any details they request in regards to the 1099.

You can supply & upload any requested PP documentation via the PP A/C login panel ???

Me thinks there is more to this than meets the eye.

[KingRay]

This sounds like a mess. I would just go speak to an attorney or someone that can straighten all that out for you to where you can understand it all.

seriously...

You got too much going on and without understanding what it all entails.

[GreenBean]

Question beyond the forum.

You need to take professional advice to sort out this.