Legal way to sell on paypal/ebay and have a company
Hi
There is any risk having legal company INC and stealth account on ebay?? I mean with IRS or with sth else ??? I hope it does not. Any advise how to do it best ??
Thanks for info
The complete step-by-step guide to get back to selling today!
No. But its illegal to have false tax info for your account. IRS needs real info. Ebay/paypal need your EIN to send IRS your legal numbers, Not at info.
You dont need an LLC, INC, Comany, etc to be successful although it is useful for legit companies selling on ebay, amazon, their own site, etc. There is NO loophole for tax reasons. If you dont want to pay taxes by selling online dont sell.
I want to pay taxes but also I want to open stealth account on ebay so I want to best solution to be good with ebay and IRS. So ebay will not ask me about SS or EIN ?? Any advise how to do it best ??
PP will eventually ask you if your sales or number of transaction hit a certain figure, though they can ask at any time before this figure is reached or exceeded.
Hi,
I have formed at least 7 llcs over the past few years.
Some I have converted to s corps,as my personal income can then be
Lessened by allowing a business loss to offset it.
Some are considered consulting companies.
Some are for retail sales.
I use a prominent CPA. He most always gets me a large portion of my
Self employment taxes rebated.
I have to make quarterly deposits,at my local bank. The IRS will send you a
Coupon book.
If you use a CPA,he can find lots of nifty loop holes to ease your paingood luck.