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eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)

- eBay Discussion! (https://www.aspkin.com/forums/ebay-discussion/)

- - A way to get EIN#s for multiple stealth accounts (https://www.aspkin.com/forums/ebay-discussion/117569-way-get-ein-s-multiple-stealth-accounts.html)

Gladiator

05-27-2018 02:41 PM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by johnwick1 (Post 922328)

What did Gladiator mean when he said " WY has no tax on LLC income." ?

She meant that you do not have to pay taxes on your LLC to WY.

Yasav

05-27-2018 04:28 PM

Re: A way to get EIN#s for multiple stealth accounts

So if I live in a state which has no income tax and my LLC is in WY, would the federal tax be the only tax I pay?

Gladiator

05-27-2018 07:00 PM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by Yasav (Post 922420)

So if I live in a state which has no income tax and my LLC is in WY, would the federal tax be the only tax I pay?

Yes. If you are in one of the 7 states with no income tax, absolutely.

https://www.quora.com/If-I-own-a-Wyo...x-where-I-live

Yasav

05-27-2018 08:14 PM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by Gladiator (Post 922439)

Yes. If you are in one of the 7 states with no income tax, absolutely.

https://www.quora.com/If-I-own-a-Wyo...x-where-I-live

Thanks Gladiator.

And if I request an EIN right now (without LLC) how would I be able to upgrade my PP to a business account? Is it even possible?

yankee

05-28-2018 08:42 AM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by Yasav (Post 922449)

Thanks Gladiator.

And if I request an EIN right now (without LLC) how would I be able to upgrade my PP to a business account? Is it even possible?

Get your FREE EIN and upgrade to business. You really need to file an LLC within 2 years with a state but you have little reason not to file by year end if you file in WY.
Make sure you choose the right entity taxed the best way. I like Multi member LLC taxed as S-Corp or a straight up S-corp.

johnwick1

05-30-2018 12:01 AM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by Gladiator (Post 922439)

Yes. If you are in one of the 7 states with no income tax, absolutely.

https://www.quora.com/If-I-own-a-Wyo...x-where-I-live

Okay that is what I read. I suppose because I don't live in that state it wouldn't apply even though I have the LLC. ok.

Gladiator

05-30-2018 12:31 AM

Re: A way to get EIN#s for multiple stealth accounts

You pay state and federal unless you’re in one of those states. Wyoming doesn’t tax your LLC and you won’t pay tax on it to the state you live in, that’s the advantage.

davidwang

06-06-2018 02:20 AM

Re: A way to get EIN#s for multiple stealth accounts

Can foreigner apply EIN?

IMEX1PCT

05-29-2019 10:26 AM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by yankee (Post 921565)

You are over complicating it.

This is how it goes:

Sell on stealth account. When required by paypal, upgrade to business, change details to your business details including EIN. When asked for last four of your SS add the last four of your EIN. Continue selling. Get rich. End of story.

thanks for this input yankee.

i have a clarification to ask please:

suppose i have a good stealth running. it asks me for ssn, so i upgrade to business, and i simply enter my llc info and last for of ein as ssn? does this still work as of today?( Nearly June 2019)

thank you i hope you dont mind answering

ungatelord

06-01-2019 02:23 AM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by phaz0rz (Post 921524)

You are allowed to apply for 1 EIN every day on the IRS website. The only type of EIN with a limitation is sole proprietor which you can only have one of. Giving the IRS "stealth info" on an EIN application is fraud - don't do that.

You don't get an EIN by forming an LLC. You get an EIN first then form your LLC around it.

You can do it either which way, I formed my LLC then applied for an EIN. Because you don’t need an EIN until you make an income, so you could start a business then shelf it for 10 years if you wanted, with no EIN, and it would be no problem.

IMEX1PCT

06-02-2019 02:38 PM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by IMEX1PCT (Post 1006676)

can anyone help please?

im operating a successful stealth atm and the time is approaching where i am reaching the 200 items or 20000 threshold.

thank you

roboulos

12-04-2019 09:49 PM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by IMEX1PCT (Post 1007725)

can anyone help please?

im operating a successful stealth atm and the time is approaching where i am reaching the 200 items or 20000 threshold.

thank you

Would like to know the answer to this as well. If they won't accept the EIN digits, then it seems the account must be dumped.

casgroup

12-12-2019 10:50 AM

Re: A way to get EIN#s for multiple stealth accounts

Quote:

Originally Posted by IMEX1PCT (Post 1006676)

can anyone provide an answer to the current climate regarding this please?

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