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  #1  
Old 01-23-2016
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Default tax id

In a nutshell, I created a stealth account last year. It's been very successful. I'm only accepting paypal obviously.

With all the changes and forcing people to sign up with direct checkout , it won't be long before they require all shops to do it.

I have a visa prepaid card. The name on the account is mine. All my info except my address.

It comes with a routing number and account number. If I were to use that for direct checkout, will they require the last four digits of my social and will they see my banned name?

Also, if I were to use a family members information to sign up for direct checkout, in the direct checkout policy, it states you must provide an EIN (tax id number... I think that's what an EIN is.) If you sell more than 150 items a year which I do. I obviously can't have the family member claiming she makes this money on her taxes when she doesn't.

And if I can use the routing and account, won't they link me with the tax id?

I'm very worried!
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  #2  
Old 01-23-2016
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Default Re: tax id

Get an EIN.... Open a bank account etc..

Never use someone elses info.
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Old 01-24-2016
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Default Re: tax id

Can you link me or explain how an EIN works with a bank account?

I use my own information?

Etsy is obviously going to check information when I link my bank account and I'm not sure I can use an EIN instead of a social.
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Old 01-24-2016
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Default Re: tax id

Quote:
Originally Posted by kenk85 View Post
Can you link me or explain how an EIN works with a bank account?

I use my own information?

Etsy is obviously going to check information when I link my bank account and I'm not sure I can use an EIN instead of a social.
You can not get linked by bank or the account holders unless that bank account was already used on etsy before.

An EIN is a Corporation, LLC, Trust, etc... It is its own entity. Its own "being" as some would say.
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Old 02-02-2016
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Default Re: tax id

Quote:
Originally Posted by yankee View Post
You can not get linked by bank or the account holders unless that bank account was already used on etsy before.

An EIN is a Corporation, LLC, Trust, etc... It is its own entity. Its own "being" as some would say.
Can't use EIN anymore without sending et.sy your DL and proof of the business. They require. I tried sending DL and "proofing" over the top of the DL "for etsy use only" and they called me on it. Saying they needed an unproofed copy so they can see everything!
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Old 02-02-2016
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Default Re: tax id

Quote:
Originally Posted by kenk85 View Post
In a nutshell, I created a stealth account last year. It's been very successful. I'm only accepting paypal obviously.

With all the changes and forcing people to sign up with direct checkout , it won't be long before they require all shops to do it.

I have a visa prepaid card. The name on the account is mine. All my info except my address.

It comes with a routing number and account number. If I were to use that for direct checkout, will they require the last four digits of my social and will they see my banned name?

Also, if I were to use a family members information to sign up for direct checkout, in the direct checkout policy, it states you must provide an EIN (tax id number... I think that's what an EIN is.) If you sell more than 150 items a year which I do. I obviously can't have the family member claiming she makes this money on her taxes when she doesn't.

And if I can use the routing and account, won't they link me with the tax id?

I'm very worried!
Can't use EIN anymore without sending et.sy your DL and proof of the business. They require. I tried sending DL and "proofing" over the top of the DL "for etsy use only" and they called me on it. Saying they needed an unproofed copy so they can see everything!
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