eBay Suspended & PayPal Limited Forums - View Single Post - How many paypal can you have? Should I use Tax ID or ssn?
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home

View Single Post
Old 03-03-2017
phaz0rz's Avatar
phaz0rz phaz0rz is offline
Executive [VIP]
Join Date: Nov 2015
Posts: 9,789
Thanks: 1,922
Thanked 3,606 Times in 2,692 Posts
Activity: 44%
Longevity: 35%
iTrader: (2)
Default Re: How many paypal can you have? Should I use Tax ID or ssn?

DO NOT use the same Tax ID on two accounts, as doing so will link the accounts. You probably wouldn't notice anything at first but as soon as Paypal sends 1099's for you and notices the two accounts with the same SSN, both accounts will be limited.

It's best to only use your SSN on one account (which most of us can't do anymore) and then use a unique EIN on each account you want a tax ID on.

Different states have different reporting requirements for businesses. In my state I'm not required to report anything at any point, other than when I file my taxes. In certain states (Mass, for example) you have to pay a large sum each year to renew your articles of incorporation.

On the federal level at least, I don't believe there's anything wrong with leaving a Tax ID inactive. I have a two year old EIN I've never used. I never registered that business with my state though so they aren't really concerned.

Just for the sake of keeping business and personal affairs separate, I recommend using your EIN if you decide to give a Tax ID. Then open a business bank account and have your transfers go there.
Reply With Quote

Aspkin Group

All times are GMT -5. The time now is 03:13 PM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger