Using Family Member for New Account - TAXES - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home > Marketplace Discussions > Amazon

Amazon Amazon Suspension. General discussions on Amazon, suspensions, suspended, blocked, banned and more. Amazon Forum.

Thread Tools
Old 02-01-2019
Junior Member
Join Date: Oct 2018
Posts: 17
Thanks: 15
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 7%
iTrader: (0)
Default Using Family Member for New Account - TAXES

Question for all of you. I'm thinking of setting up a Seller Account under my Dad's name ( I don't think they'll get linked, I haven't lived with him for 20 years and I'm married so my last name is different). He's only used the account a few times to buy some items.

Is there any way that I can change the tax settings eventually so that I would have the taxes in my name and not his? He's retired and doesn't want to show any extra income.

We've also talked about him "owning the business" and he "hires" me as an employee and then I reimburse him for taxes.

It would just be so much easier to have the business in my name and taxes are my responsibility. Any suggestions? Thank you
Reply With Quote
The complete step-by-step guide to get back to selling today!

Old 02-01-2019
Beautiful's Avatar
Executive [VIP]
Join Date: Jul 2018
Posts: 1,955
Thanks: 384
Thanked 303 Times in 267 Posts
Activity: 76%
Longevity: 8%
iTrader: (8)
Default Re: Using Family Member for New Account - TAXES

Yes you can easily update it later down the road
Reply With Quote
Old 02-06-2019
Junior Member
Join Date: Oct 2012
Posts: 25
Thanks: 9
Thanked 4 Times in 4 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: Using Family Member for New Account - TAXES

Make sure all the info is different at first.
Reply With Quote
Old 02-12-2019
Senior Member
Join Date: Jan 2015
Posts: 502
Thanks: 248
Thanked 96 Times in 57 Posts
Activity: 7%
Longevity: 36%
iTrader: (0)
Default Re: Using Family Member for New Account - TAXES

I have done this with family members and my account fills out a form that transfers the income from the account to me. The IRS is happy to take it. you'll need an accountant though. I wouldn't recommend trying to do that yourself.
Reply With Quote
Old 02-13-2019
degsey69's Avatar
Senior Member
Join Date: Sep 2010
Posts: 396
Thanks: 27
Thanked 97 Times in 75 Posts
Activity: 18%
Longevity: 70%
iTrader: (0)
Default Re: Using Family Member for New Account - TAXES

You can also create a LLC and the 1099K will go to the EIN number. If you do that open the LLC with 2 members so your name is not associated with the EIN number, a sole member is named on the IRS document.
Your lack of planning does not constitute my emergency.
Reply With Quote
The Following User Says Thank You to degsey69 For This Useful Post:
tarajean30 (02-14-2019)

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
eBay Account Under Family Member Name & Reporting Taxes Fice Canada eBay Discussions 15 10-17-2016 11:13 PM
How to deal with taxes when using family member paypal or info? golferman Paypal Limited 5 03-10-2016 06:23 AM
Have an account from family member. Should I use it? ilmman eBay Suspensions 5 08-30-2015 10:42 AM
Using a friend/family member Account... taxes the only reason? StealthJet99 Subscriber Discussions 23 07-06-2014 03:50 PM
Being given an account by a family member... bigbill eBay Discussion! 9 09-22-2013 05:43 PM

Aspkin Group

All times are GMT -5. The time now is 12:22 PM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts