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Old 11-26-2010
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Default Question for true amazon jedi masters

Ok,let me start off by saying i have spent about 40 hours over the last couple weeks reading every amazon related thread on this site i could find so its not necessary to say something like "there was a thread related to this,go look" ive learned a ton and i have you guys to thank!

Heres my question,i understand that if your account gets wiped out and the 90 days pass you can actually withdraw from a previously suspended bank account.Alot of guys just dont register bank accounts until after there account gets wiped out so they dont have to waste a good account,makes sense

Ive seen some guys say they could make an account and within a day or 2 they sell through the limit and pretty much make a new account every day,my question is when you wait the 90 days to withdraw money,how many suspended accounts do you use? Lets say for example you make 10 accounts in a week and they all go through the selling limits do you use the same suspended account to withdraw from all of these after the 90 days? or do you mix it up?

the reason i ask is it seems like if your using the same suspended account to withdraw hundreds of closed accounts then they might want to send that account number to the irs,or someone even worse.

It seems like theres a small group of jedi masters who can open an account,blow it in a day,open an account the next etc etc and this is the level i hope to get to,although im a long way from
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Old 11-26-2010
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you will get a problem with irs in anyway, as you will got a lot of money on your bank acc's
don't u?
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Old 11-26-2010
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I guess im a jedi master lol :P

What you described is what I do I make accounts I blow threw them and I wait the 90 days. I've gotten to the point where I've made so many accounts that pretty much every month I'm getting paid from some account at least twice. So its pretty much a bi-weekly payment for me as for how many bank accounts only 1 same one all the time. You should be reporting to the IRS anyways and splitting it up between 100s of banks will only make it even more obvious. Just report your taxes, safest way to go.
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Old 11-26-2010
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cant win till I have the bankroll to do this
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Old 11-26-2010
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This is hardly a questions for Jedi Masters. If you're trying to hide income from the IRS you're playing a foolish game regardless of whether you want to use 1 or 1000 bank accounts, and in your analogy they'll come down on you like Darth Vader. Answer: Report to the IRS, pay your taxes, then you've got nothing to hide.
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how to report your taxes safest way ?
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Old 11-28-2010
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I would agree. Pay your taxes. be hones with that and sleep at night. let uncle sam get paid and u will have less to worry about. If u want the taxes back. just buy a home and deduct the interest which is 95% of your payments on your taxes, also reg. a corp. like an s corp with has a tax passthough and then deduct expenses for legit stuff you sell on ebay.
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Old 11-29-2010
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point taken,thanks guys
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