The email we have all been waiting for...

alwaystrying · #23 09-22-2011

what is the transactions is that deposits or 50 sales??

JRYAN34 · #24 09-22-2011

Quote:

Originally Posted by Road-Kill

I've never been a fan of using all the phoney balcony stealth info, and prefer using as much real info as possible. So I usually just will take on business partners for the use of their identity. As long as they have a pulse and a SSN they are welcome in my organization.

So the next time some panhandler asks you for some spare change, offer them $20 bux or a nice bottle of booze. Have them sign a contract allowing you to use their info, preferable after you give them the booze. Maybe even pay them some cash each month to continue using their info

So whenever I see someone that most people in society consider to be of no value. I see their potential as a business partner and just see the $$$ signs. Associating with people like this will solve the SSN requirement and most of these people will be so out of it, they wouldn't care what you did with their info, even if you told them everything you did.

This is the dumbest idea ever. Stealth doesnt make ⊗⊗⊗⊗ in all cases. If you use some else info, then they are responsible for everything you do, and if they end up getting in trouble with law/government its your ass for fraud. With stealth everything is real except for the name.

JRYAN34 · #25 09-22-2011

Quote:

Originally Posted by Recherché

This is bad. I have 8 amazon accounts running now. No way will I be able to get 8 different EIN #'s. I will have to try something different.

Here is the only option for amazon and ebay these days......

1. Turn and burn accounts are not longer possible (never a fan anyways)

2. Creating multiple accounts will only get you so far now, since once you hit the limit you MUST provide SSN or EIN (many EINs are not a good idea)
---In my case selling 2,000-4,000 items week on amazon would not work for this, because I would be creating new accounts weekly, which would be a pain in the ass, plus it would be a new seller account weekly so people would be hesitant to buy, and you would be the 90 day hold on your money constantly.

3. Creating an account to last is your only option, which means you need an EIN or SSN that wont link, and you need to start paying taxes.

4. The more you build up a reputable and solid selling account, the better off you will be in the long run, since they are constantly limiting the choices you have to get around things.

JRYAN34 · #26 09-22-2011

Quote:

Originally Posted by subzero3001

For the ones as me thinking about using or getting a good Tax Identification Number with our real info, is good as long as you pay your share to Uncle Sam. I just made the math on an estimated $100,000 for 2010 and I will be liable for $16,000 to the IRS.

I do not have a problem with that, if both Amazon and IRS will let me sell as much as I want I will pay my share.

The good part out of this? Amazon is very strict with sellers and we know that. For 2011 will be even less sellers due to this regulation; long life is ahead to all who pass it.

Keep up with the updates.

Thats horrible math, because it is way higher than that. I am in the same exact situation as you. I am going to provide my EIN to them after the holiday rush, and I am sure it will be you, me and about 75% less sellers. YEAH!!!!!
Tax Brackets (Federal Income Tax Rates) 2000 through 2011

adam34996 · #27 09-22-2011

According to my EIN info they gave me when I applied - you can only have one EIN no matter how many businesses you have. This applies only to a Sole Proprietorship.

LLC/S-CORP might be alternate options.

Here We Go Again · #28 09-22-2011

^^^^^^^^^^
Correct.
LLC can have more than 1

123 · #29 09-22-2011

Hmm that's weird I have multiple accounts open and all have passed those limits stated above long time ago and none have received any type of tax request.

alwaystrying · #30 09-22-2011

will have to stay under the radar when we hit the magic number jump ship...

Solin · #31 09-22-2011

Hi I am new in the forums. So Hi everyone!!!!!
I have received the same e-mail. Only for Pro-seller account not for individual.
I wonder if the regulations for individual accounts are the same.

Any ideas?

Gamefreak · #32 09-23-2011

Damn so I need two EINs for my accounts damn u amazon

JRYAN34 · #33 09-23-2011

Wow, so many of you people have no idea what your doing and are going to run into major issues.....

kxmlaile · #34 09-23-2011

when I apply for the EIN on IRS website, which address should I use as my business address? does it needs to be as same as the one I have on file on amazon when I put the tax information on amazon?
since I have the ⊗⊗⊗⊗ address on amazon ,so if I use this ⊗⊗⊗⊗ address to get my EIN number, Then if anything happens between me and IRS, and IRS send me the documment ,then i can not receive it ,,
but if I use an address that I can receive the mail ,then this address will not match the address I Put on amazon(the address on amazon will be showing on the 1099 form amazon will be sending to IRS),will it raise the flag on IRS side?
any suggestion will be highly appreciated ,
sincerely

nobody999 · #35 09-23-2011

Quote:

Originally Posted by GreenBean™

the quota is TWENTY now? When did that change

My info says 200/$20,000.

Let's keep things accurate eh.

thanks, i meant to say 20/2000 but hwga set me straight

JRYAN34 · #36 09-23-2011

Quote:

Originally Posted by kxmlaile

when I apply for the EIN on IRS website, which address should I use as my business address? does it needs to be as same as the one I have on file on amazon when I put the tax information on amazon?
since I have the ⊗⊗⊗⊗ address on amazon ,so if I use this ⊗⊗⊗⊗ address to get my EIN number, Then if anything happens between me and IRS, and IRS send me the documment ,then i can not receive it ,,
but if I use an address that I can receive the mail ,then this address will not match the address I Put on amazon(the address on amazon will be showing on the 1099 form amazon will be sending to IRS),will it raise the flag on IRS side?
any suggestion will be highly appreciated ,
sincerely

irs.gov and china

alwaystrying · #37 09-23-2011

couldn't we apply for EIN numbers with stealth address. who cares where the mail goes. unless it has your ssn number on it any way your cc and bank address and all info would be stealth for amz ebay etc all you may need is the ein.. just trying to figure out a work around ..

subzero3001 · #38 09-23-2011

When applying for a EIN number, we have to use a real address we can access because they will mail the real number there. Not by email. (please correct me if I am wrong, please tell me I am wrong anyone...)

When applying for a EIN or using a real SSN or working as LLC we MUST to file a tax return or the IRS will be after your as$.

This REAL address then will be used by Amazon to verify against the IRS. I guess at 99.9% this should be a virgin address not a banned address, otherwise we may lose one account.

Addresses and names for taxes purposes not necessarily need to match the stealth info on Amazon.

I am really working on a solution or a bypass because I have a lot of accounts.

Should you find any tips, please share and I will be glad to help in return.

JRYAN34 · #39 09-23-2011

Quote:

Originally Posted by alwaystrying

couldn't we apply for EIN numbers with stealth address. who cares where the mail goes. unless it has your ssn number on it any way your cc and bank address and all info would be stealth for amz ebay etc all you may need is the ein.. just trying to figure out a work around ..

No, when you apply for EIN you have to do it with the IRS.GOV, and you MUST enter a REAL SSN#. It is like an application process. If you dont enter you real SNN they will refuse you, and if you enter someones other than yours, than you will run into legal issues guaranteed. Think of it just like a credit card application.

JRYAN34 · #40 09-23-2011

Quote:

Originally Posted by subzero3001

When applying for a EIN number, we have to use a real address we can access because they will mail the real number there. Not by email. (please correct me if I am wrong, please tell me I am wrong anyone...)

When applying for a EIN or using a real SSN or working as LLC we MUST to file a tax return or the IRS will be after your as$.

This REAL address then will be used by Amazon to verify against the IRS. I guess at 99.9% this should be a virgin address not a banned address, otherwise we may lose one account.

Addresses and names for taxes purposes not necessarily need to match the stealth info on Amazon.

I am really working on a solution or a bypass because I have a lot of accounts.

Should you find any tips, please share and I will be glad to help in return.

You are correct for the most part. As far as the address goes, it looks like many of us using stealth addresses will have to go get another fresh UPS Box for mailing purposes.

cardfelon · #41 09-23-2011

You can apply for your EIN online and then print it out right away. They don't have to physically mail it to you. I did all of mine and printed them out like that.

Gamefreak · #42 09-23-2011

Quote:

Originally Posted by cardfelon

You can apply for your EIN online and then print it out right away. They don't have to physically mail it to you. I did all of mine and printed them out like that.

how many do you have?

subzero3001 · #43 09-23-2011

I was wrong on that one and now I see we can print only ONE per person using real info. My thanks to Cardelfon.

Cardelton: They asked you to choose a company name or just used your same name?

I think we do not need an EIN since we can use our SSN at Amazon website. IRS will be after us in either way.

The big question still in the air:

Is true that we can use the same checking account for several stealth accounts since Amazon do not care. (personal experience).

How risky will be to use the same EIN for "THIRSTY BROTHER COMPANY" for more than one account?

Will this info go directly to IRS and not Amazon business or they will relate the accounts?

They do not relate using the same checking account yet.

oflmedia · #44 09-23-2011

I just applied for my EIN two days ago for PayPal as I am over the limit - the address has to be real - electronic or not they send you mail - IRS mail CANNOT be forwarded and if it comes back - the validity is questioned.

The very helpful lady was quite specific about that......