Stealth Plan Need Opinions
I got to thinking, to avoid the 200 transactions AND 20K in sales thing where paypal reports your income to the IRS and starts asking for SSN/EIN, I was thinking about making 5 Paypal accounts and about 20 Ebay accounts, 4 accounts to each paypal account,
I once had 9 accounts on 1 paypal and it worked very well until I was suspended, but it wasn't because of that.
If I went up to 10K in sales a year on each paypal account, I could avoid being asked for the SSN/EIN.
I would still file the income and pay my taxes. Is this feasible?
I would sell on the first 4 accounts until I hit around 10K then switch to the 2nd set of 4 and rotate. Need some opinions.
I think it would work fine. I would have different addresses, bank accounts, and CCs on each one.
Then I can continue to sell 50K in sales a year without being limited.
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