questions about form 1120 tax form - 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.

Closed Thread
 
Thread Tools
  #1  
Old 04-07-2011
Subscribed [VIP]
 
Join Date: Aug 2008
Posts: 45
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 87%
iTrader: (0)
Default questions about form 1120 tax form

Hi,
have just applied an EIN using the SS-4 From via IRS Website,
the whole process is pretty easy and quick ,and I got the EIN number ,and the information showing that I must file the following form by the dates shown
form 1120 12/15/2011

The company's name I used when I was applying for the EIN is a ⊗⊗⊗⊗ name
And I was wondering if I did not do anything related with this new EIN number and am I Required to file the form 1120?
and If I did not file the form 1120 what concequence will be it?
thanks for all of us here .
Since amazon will soon require all sellers to provide their own TIN,
I want to prepare something for my stealth accounts .
The complete step-by-step guide to get back to selling today!

  #2  
Old 04-08-2011
Senior Member
 
Join Date: Mar 2011
Posts: 224
Thanks: 0
Thanked 38 Times in 27 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

Why did you form a corporation? If you don't know the answer or want to pay someone to walk you through step by step, there are plenty of Books for Dummies that will do that. If you want free advise, go find those books in the library.

You'll want to take a mulligan on this one. Checking off coporation on the form is the beginning of your paperwork nightmare. Learn the differences between business entities, where to file, how much they cost, how often you need to renew and etc. Then try again. Requirements differ from state to state and town to town so do your own research.
  #3  
Old 04-08-2011
adam34996's Avatar
Junior Member
 
Join Date: Oct 2008
Posts: 203
Thanks: 23
Thanked 44 Times in 17 Posts
Activity: 0%
Longevity: 86%
iTrader: (0)
Send a message via AIM to adam34996 Send a message via MSN to adam34996
Default

I just tried to sign up for an EIN a few days ago under a Sole Proprietorship and the IRS website told me they had an error and I needed to contact them directly... I guess ill give em a call.

I have 3 Amazon accounts that I sell on, all legal stuff. Should I get 3 different EIN's? I would imagine when Amazon asks for it, you cant use the same one twice.
  #4  
Old 04-08-2011
alwaystrying's Avatar
Senior Member
 
Join Date: Nov 2009
Posts: 313
Thanks: 2
Thanked 21 Times in 17 Posts
Activity: 0%
Longevity: 77%
iTrader: (0)
Default

how about if your accounts are in multiple states (stealth) this ein will not work because they will be from one state. I am hoping that the 1099-k will be stopped in its tracks because it will be the end to a lot of sellers online.I for one. since all i have are stealth accounts.There will be no way to avoid being found out by amazon paypal etc.

Unless they only ask for your ssn when you hit a certain amount not when signing up. Then just make multiple accounts and sell to a certain point and dumb that account and move on to a fresh account. If that is the case then it will be fine.

any one else have an idea.
  #5  
Old 04-08-2011
Subscribed [VIP]
Threadstarter  
 
Join Date: Aug 2008
Posts: 45
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 87%
iTrader: (0)
Default thanks for the reply

thanks for the reply ,my another question is that do I really need to form a cooperation after I get the EIN?
I got the EIN in order to supply to amazon for the new requirement.
as long as the EIN number and the legal name of the business on file on amazon match the EIN number and the legal name on file on IRS,
I can keep all my stealthy accounts alive.
so is it needed for me to actually file the for 1120 by the specified date for the EIN I applied from IRS?
  #6  
Old 04-08-2011
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 41,970
Thanks: 5,467
Thanked 8,997 Times in 7,022 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

Forum is NOT tax experts.

The complication of being from overseas having a US company is beyond what we do. Find an expert even if you need to pay for those services.

For users based in the USA, it's the same. You need to have a tax agent/accountant help you get organized especially if your businesses are in different states.
Advice from here may be erroneous and cause fiscal problems.
Certainly I would like to be more encouraging but it can not be risked.

Here's a site that operates in the speciality field of TAX
Tax Forum - Tax Help Forum, Payroll Tax Forum, Business Tax Forum, Tax Questions, Free Tax Advice - Powered by vBulletin

Read it and make your own decisions as to how to deal with the matter.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Closed Thread



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
Hi form Thailand qq5599 Introductions 3 10-10-2010 10:54 PM
Do you form a corporation for doing business? incniu Dropshipping & Wholesale Suppliers 20 08-07-2010 08:44 AM
VPN service so that my IP changes form UK to USA ringer69 UK eBay & Paypal 2 01-13-2010 03:31 PM
Reinstatement Form spikemebay Suspensions & Reinstatement Talk 5 09-06-2009 07:48 PM


Aspkin Group

All times are GMT -5. The time now is 07:37 AM.


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