Re: Does it Matter What business name you use Quote:
Originally Posted by Lucynda I signed up for my EIN this morning. I want to make sure I did this right before I put it into paypal. I created one with the legal business name of the business I have on that particular Stealth account. I put my legit information in as the owner. Is that a problem. Will paypal only see the EIN. I do not plan on passing the threshold with this account. | Even though you don't pass threshold you will still be required to pay taxes. Does it not scare you to break US tax laws? Yes. I know they don't send the 1099 if stay below, but its still required. If you ever have a significant background check for govt job or important position this could influence that decision. Just curious, I am seeing a lot of posts from people trying to avoid IRS.
Too scary for me. I always pay so I could sleep at night.
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"Mark 11.24 Whatsoever ye desire, believe that ye have it, and it is yours"
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