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Does stealth book answers\covers taxes?
 

I have a stealth acc. Sell, increase selling limits. It is US stealth acc which is verified but has no utility bill, SSN, bank account. So after i reach $20000 they will ask me for SSN and utility bill. I understand what I am going to do.
But what is next? I understand after you reach some numbers they will ask you for tax papers. right?

I'm not sure if my question is exactly about stealth and if stealth book covers this.

Re: Does stealth book answers\covers taxes?
 

They can ask for that way before $20k/200 transactions. I had one account ask for one after less than $2000 in sales.

What happens is that if they ask for your tax ID number, they will send what is called a 1099 form to you and a duplicate to the tax authorities. Then the tax authorities will start asking why there is no tax return that matches the 1099. Also, state and local officials may ask why you aren't paying taxes to them.

Re: Does stealth book answers\covers taxes?
 

No it does not

Re: Does stealth book answers\covers taxes?
 

So what do you guys do and how? You have multiple stealth accouns? And try to not sell over $1500 per month for each? Or you sell as much as you can and withdraw money and if they suspend your account you switch to other one or start a new one. Or always create new spare ones? Or maybe buy SSN? or buy stealth aged acc with all of those docs? Or upload all the documents at the very beginning? WHich theoretically can help to increase selling limits immediately as well. Or maybe any other options?

Re: Does stealth book answers\covers taxes?
 

Stealth book lays out the basis of creating accounts. The forum has info to help us with the finer details.

Your understanding of the SSN and $20,000 is not quite accurate.

PayPal can ask for tax info at any time. They do this when they project sales will reach $20,000.
These are the options, I suggest.

Spread your sales over numerous accounts. Rotate them, and try to stay under the PayPal radar.

You do need to understand both eBay and PayPal can ask for ID. It is not imperative to supply an SSN.

Please feel free to ask me more questions to clarify anything.
Hope this helps.
:typing:

Re: Does stealth book answers\covers taxes?
 

Thanks mate! I will


I was thinking about the idea of spreadind and rotating. If you get an anchor store, your insertion fee is $0.03. on Ebay UK there is even no insertion fee for anchor stores. For me it is important because it helps to reduce epenses which means it is hard for other sellers to compete with you. The other advantage is that I don't like analyzing the market and find profitable products. If nobody sells a product, it doesn't mean nobody will buy it from you. And it is hard to understand ebay buyers. Because they buy all the time items from sellers with higher price. Aven pictures are the same, title, description... even seller's feeback is lower. I do analyze market atm! Because I have small accounts.

The other expence is dedicated fresh IP for each account.

And what about aged accounts here on marketplace wtih all the SSN, ID's etc?

Re: Does stealth book answers\covers taxes?
 

No seller should be offering an account with SSN attached
That is illegal.

Report to Moderators is that is even suggested .

:nono:

Re: Does stealth book answers\covers taxes?
 

But what the point to buy high limit account if ebay or paypal will ask you for SSN once you reach $20000 turnover or even before?

Re: Does stealth book answers\covers taxes?
 

High limit account does not mean you can sell as much as you want - you still have to play the game well.

You spoke about rotating sales through numerous accounts - that's one good plan

Re: Does stealth book answers\covers taxes?
 

When it comes to taxes, the best thing is to hire an expert to do your taxes for you. We aren't tax people.

We just know how to get back on eBay and amazon and make money.

Re: Does stealth book answers\covers taxes?
 

Wait, but you your real acc was suspended permanently and you know how to get back on Ebay... Then it is a person with different name gets back on ebay. At least in the eyes of ebay. Because you use a stealth acc. Even if you have the same name, it is going to be different IP, different address, right? So who is gonna pay taxes? LOL

Sorry but I think it is related to stealth acc.

And how I am going to hire a tax expert if I use stealth acc?

Re: Does stealth book answers\covers taxes?
 

IPburger or 24vc are very expensive. It is more than $10 per IP per month.
what happens for example I am close to $20,000 after 6-7 month? I just leave that acc for a while? And then get back to that acc? And I pay for IP for 5 months? Or I use different IP when I come back? But then it may trigger re-verification.
I spoke with them, they say it is suitable for stealth acc. But it is scary LOL
http://www.squidproxies.com/

Re: Does stealth book answers\covers taxes?
 

There are other options to supply with accounts.

A business account might not necessarily require SSN.

:bird:

Re: Does stealth book answers\covers taxes?
 

What?! lol

If you can't offset a $10/month business expense per account, you're doing something MAJORLY WRONG!

Re: Does stealth book answers\covers taxes?
 

This is a thought shared by many newcomers.

Where they spent funds when they were not suspended, there are often thoughts no monies should be spent for stealth.

After 10years Stealth, I am still looking fir the Free Steath Tree.
:bounce:

Re: Does stealth book answers\covers taxes?
 

Free things tend to be over-abused and are killer to account health.

@bubleHD, seems like you are using pp.com accounts - how will you get your money out?

Re: Does stealth book answers\covers taxes?
 

wait, if account does only 15k per year and it is just TURNOVER, and you need a few dozen of accounts like that, and you pay $10 per acc per month ... it is not small expenses. Plus other expenses. Plus new accounts don't sell anything.

Re: Does stealth book answers\covers taxes?
 

I don't actually! I sell on amazon as well, and I just order something for amazon. Both dropship and FBA. So when I sell on amazon, they pay to my payoneer card. Also, I just buy things I need. And I spend money to expand business.

Re: Does stealth book answers\covers taxes?
 

No... it's a VERY small expense! Even if you only have a measly 10% profit margin, then the first 1000 you sell will pay for the VPN for the whole year. THEN, you have 14,000 left to sell and profit from. :spy:

Get busy!

Re: Does stealth book answers\covers taxes?
 

It is not small. I do dropshipping from amazon to ebay. Avarage profit per item after the fees is $2-4. Plus you need to pay for ebay store, automation tools, and VPN.
20,000 per year, right?
Lets say after the fees ou make $3 per each $50
This is just $1200 per year
which is just $100 per month
$24 for ebay store
$50 for automation tools

Plus you need to spend money on new stealth acc. Even if you create the, by yourself, you still need VCC

Re: Does stealth book answers\covers taxes?
 

Seems as though you need to create a free ecommerce website, and leave eb in the past since you can't handle expenses.

Another option would be eliminating an eb store, which is not necessary to have.

Re: Does stealth book answers\covers taxes?
 

It's as simple as this, if you are selling 20k a year with an account and can't afford $10/month for a VPN, you're doing something VERY wrong. :nono: