Machine1.... with 30 stealth Amazon accounts, did you have to use 30 different EIN numbers ?
Once 50 sales are reached, you will have to provide an SSN or EIN for each one. You can have as many EIN's as you want, but there is paperwork involved. If that is your goal, you might want to speak with a tax professional first.
Once 50 sales are reached, you will have to provide an SSN or EIN for each one. You can have as many EIN's as you want, but there is paperwork involved. If that is your goal, you might want to speak with a tax professional first.
No gotcha's. Many business owners have an EIN for each business they own. Like, if someone owns 3 restaurants, each may have it's own EIN to keep everything separate. In fact, sometimes it can be a requirement depending on the circumstances. Having said that, 30 EIN's would be an unusually high number, which is one of the reasons I suggested talking with a tax professional first. That will ensure that everything is legal.
Whether you pay or don't pay taxes, or what you do with them, you still don't want to get audited by the IRS, even if you are 100% in the right. It's a hassle.
IRS system is just like banks, or Paypals system. Bots look for stuff and flag it. Then it gets manually reviewed.
I am in the U.K and i also have been asked to provide tax details as if i was living in the USA on a stealth account, obviously i said i was in the U.K. and submitted details to say that exactly as my stealth is set up. I think it is down to the VCC i purchased as it is the only thing that could link me to the USA as i don't know where it originated from. This has never happened before. I now purchase my own here in the U.K. and have no problems
No gotcha's. Many business owners have an EIN for each business they own. Like, if someone owns 3 restaurants, each may have it's own EIN to keep everything separate. In fact, sometimes it can be a requirement depending on the circumstances. Having said that, 30 EIN's would be an unusually high number, which is one of the reasons I suggested talking with a tax professional first. That will ensure that everything is legal.
Very nice breakdown jeffweico - that is quite contrary to up here.
