PayPal 1099-K Stealth Account

[Chris18181]

Hi everyone,

I received an email saying since i made 50K in sales on ebay my 1099-K tax form is ready, problem is the PayPal is Stealth and so is the name and address on the tax return, what should i do in regards to filing?

[rsot]

Originally Posted by Chris18181

Hi everyone,

I received an email saying since i made 50K in sales on ebay my 1099-K tax form is ready, problem is the PayPal is Stealth and so is the name and address on the tax return, what should i do in regards to filing?

Seek out a professional financial for advice +/- read threads around here but this is truly beyond scope of the forum

[DocumentRequest]

The simple answer is pay your taxes. What did you provide them for SSN, EIN, etc?

[Chris18181]

there is an TIN on the tax return should that be all thats needed to file?

[DocumentRequest]

Well considering you have provided them your tax information, in which they provide the IRS, then yes you need to pay your taxes. On how you should pay, speak with a professional.

[leavy23]

Are you required to fill out the 1099-k forum in all states?

[DocumentRequest]

The state you are registered and do business in.