How to bypass the 20k limit on a stealth account

[usa144]

So I'm asking this because I'm planning to start selling with a stealth account and I know that ebay will ask for verification after the 20K limit.

If I dont want to use my real SSN how can I bypass it? does any one has a suggestion? Even if you can not provide advice here and want to do it via pm you are welcome to

Thanks in advance

[james13v]

EIN or multiple accounts. That's it.

[usa144]

Can I add the EIN at the in early stages of my account?

[MM78]

Originally Posted by usa144

Can I add the EIN at the in early stages of my account?

Yes you can.....

[slokor]

You can but why would you want to? Dont add it until you absolutely have to it just in case something else happens to the account in which case if it was already added you pretty much 'burn' an EIN for nothing.

[xtyle]

I have the same question.
And I have a stealth account under a ⊗⊗⊗⊗ name that's nothing like my real name, can I still using an EIN for it?

I think people (including me) want to use the EIN early because what if you get to 200 sales and triggers the 1099, and if the EIN fails to apply, then we are screwed in terms of filing for tax at that point, aren't we.

[slokor]

Yes you can apply an EIN because youll be changing the type of the paypal account to a business account and associating it with the business name - which is what paypal will be associating the EIN number when they check and verify it.
And you dont have to wait till you get their notice. Just wait till youre comfortable with the account being on solid ground.

[empirestate]

No need to bypass, just sell 18k each for every account you want to build.

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[usa144]

thank you for the feedback, I feel more comfortable now.

[xtyle]

But 18k is not really much though and seems really easy to reach.

Originally Posted by empirestate

No need to bypass, just sell 18k each for every account you want to build.

__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay

[xtyle]

When I do decide to upgrade to business, how should I go about it?
Should I upgrade eBay, and then Paypal?

[yankee]

Originally Posted by xtyle

When I do decide to upgrade to business, how should I go about it?
Should I upgrade eBay, and then Paypal?

when and only when paypal demands and tax limits the account, you click, "upgrade" and then enter your newly formed business name, EIN etc...




I would NEVER add an EIN until I absolutely am required to. Never.

[yankee]

Originally Posted by xtyle

I think people (including me) want to use the EIN early because what if you get to 200 sales and triggers the 1099, and if the EIN fails to apply, then we are screwed in terms of filing for tax at that point, aren't we.

screwed? How?

You are required by law to report all income no matter what.

Whoever receives the funds is legally responsible for taxes. If you withdraw to YOUR bank account, then you are responsible. If you withdraw to your business bank account, it is responsible

[empirestate]

Originally Posted by xtyle

But 18k is not really much though and seems really easy to reach.

18k on each x30 accounts not easy to reach though...

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Run multiple portable Firefox, 1 user account
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[xtyle]

Do you manage that many accounts on 1 computer via VPN or each account with dedicated up? I have 1 computer per account and I only have 2 so far..

Originally Posted by empirestate

18k on each x30 accounts not easy to reach though...

__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

[empirestate]

Originally Posted by xtyle

Do you manage that many accounts on 1 computer via VPN or each account with dedicated up? I have 1 computer per account and I only have 2 so far..

In theory, you can run as many as there are stars in the universe...
__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

[james13v]

Originally Posted by empirestate

In theory, you can run as many as there are stars in the universe...
__________________
How to use Paypal correctly
Run multiple portable Firefox, 1 user account
How to add new PP to eBay
How to clean photos
Best image resizer

I mean, not really, lol. Still a limited number of accounts possible.

[xtyle]

I know you can but I am so worried that I will login VPN and ebay account with another accounts password.

Originally Posted by james13v

I mean, not really, lol. Still a limited number of accounts possible.

[yankee]

Originally Posted by xtyle

I know you can but I am so worried that I will login VPN and ebay account with another accounts password.

Then get organized. 30 accounts is not very hard to handle. It is not like you will be using 30 accounts all at the exact same time. Run 2, then when you get that perfected(in a day or two) add another and so on.

[vettefever17]

Originally Posted by xtyle

I know you can but I am so worried that I will login vpn and ebay account with another accounts password.

Name the partitions names or numbers. I always cross check my vpn name to title name before logging in. I also always check my ip address before logging in EACH time. This is just a safety measure for vpn leak or drop out.

As for your limit on the tax information, remember, you'll quickly trigger it around 150-180 items far before the dollar amount.

[xtyle]

isn't it that you need to both meet item amount and dollar amount in order to trigger it?

[yankee]

Originally Posted by xtyle

isn't it that you need to both meet item amount and dollar amount in order to trigger it?

yes. In all reality Paypal will tax limit the account much ahead of that.