Question about multiple accounts, EIN, 200/20000 limit etc

[hapajenn1]

Originally Posted by Kelly441

Some people say they are being asked for it right away if they signup for Pro at opening. I opened two stealth as a buyer, regular seller and then pro. Grossed over $1000 on both within a few weeks. No review, no tax request yet.

one of my amaz0 n ghost accts just hit about 100 orders(sales) and just got hit with the provide tax ID request ------ do you guys think amaz0 n suspends at the end of the yr (dec) giving you until that time to submit the info?

i am thinking of just using until its suspended but if its gonna last only 1 more month or something then it might be worth buying an EIN..

[Wes]

Iron man,

Why couldn't you get a stealth EIN, with the stealth name and address, and have the 1099K sent to you electronically? Then, just file a schedule C with that EIN next time?

On the Interview they ask if you want the EIN sent Electronically..

The number gets used, the taxes get filed and paid.

Also, where do you get/buy yur EIN's?

I know you get a free one,but If you want multiple accounts, you will need more than one.

[IronManWU]

Yeah Wes I realized a few days ago that it can be sent electronically.

I might just go over the limit on this account and see what happens

And I get the EIN from the IRS

Apply for an Employer Identification Number (EIN) Online

you can get one for every business you own. So a new DBA can get you a new EIN

[IronManWU]

Originally Posted by Wes

Iron man,

Why couldn't you get a stealth EIN, with the stealth name and address, and have the 1099K sent to you electronically? Then, just file a schedule C with that EIN next time?

On the Interview they ask if you want the EIN sent Electronically..

The number gets used, the taxes get filed and paid.

Also, where do you get/buy yur EIN's?

I know you get a free one,but If you want multiple accounts, you will need more than one.

btw you can't have a "stealth EIN" all that stuff needs to be under your real name and address. Can't mess with the IRS like that