Forum

A way to get EIN#s for multiple stealth accounts
 

Does anyone know how to get multiple ein numbers for stealth accounts.

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

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.

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

You supply the IRS with your Social Security number to get an EIN. Giving them a ⊗⊗⊗⊗ number is a horrendous idea. Could you do it ? sure, BUT what happens 3-5 years down the road and they retrieve your bank account numbers and real SS number? :behindsofa:

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

Ok not giving the irs false info but giving ebay stealth information with the real ein's.

Is that possible?

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

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.

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

1. But I thought the ein is for ebay (not paypal) so they don't limit your account as they predict it might go over 20k and 200 for the year?

2. Will paypal need my real info though and won't paypal know it's me therefore eliminating stealth?

3. Do we have to upgrade ebay to buisness account type.

Thanks..

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

Don't overthink. EIN is for PP. EB doesn't care.

Follow the advice above, it's solid.

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

I read you PM. Im not going to reply. Keep these questions here on the forum.

My suggestion is the get the stealth guide and read it a few times so you get the basics of stealth. Until you get the basics you will only get more confused and frustrated.

Ebay will never ask for your SS....They dont handle money or report to the IRS. That is paypal. The 20K and 200 transactions is an IRS LAW for 3rd party payment processors such as amazon, paypal, square, and all other credit card processors.

Ebay has nothing to do with the IRS because they do not handle any money at all.

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

I still have a soft limitation. I have added my ein and my pp account is my own info however new address since paypal banned my under married name a good while ago. I understand I can add last 4 of ein for last 4 of ss number but what about birthdate? Would that match me up to my old info as they have sites to look up info on names and addresses and all. I was able to find my own info on such a site with all the past married name and maiden name along with current name. Any advice how to follow through on this.

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

So why are people saying ebay has asked them for tax information when they predict they will make over 20k and 200 transactions?? Then if they don't provide tax info they get suspended?

If ebay didn't connect with Irs or Paypal to know if tax info is there, why would they ask for tax info and suspend if not provided ?

It's only ebay that I speak of not paypal. I heard of people getting messages by EBAY saying they need to it.

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

Which thread here says that? Post the link for us.

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

Maybe when I read it, they conflated "ebay" to mean their paypal attached to their ebay was suspended.

Can I just get another paypal if my first paypal gets suspended for predicting to go over 20k? Attach a new paypal to the perfectly fine ebay account.

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

How long after getting an EIN do you have to form the llc?

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

two years...

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

You have never heard people say this. Never.

PAYPAL handles tax stuff.

This is not confusing stuff. Forget anything tax related you think you know and learn this here now. PAYPAL handles money, not ebay.

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

Sure. Now once paypal asks for such info, can I just get suspended by paypal and then get another paypal to put into the clean still working ebay account.

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

Sure if you wanna lose both accounts and waste more time instead of just getting an EIN.

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

So is it possible to have a PP business account without actually owning an LLC and only having an EIN?

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

From what I read, you only can get one ein as a sole proprietor. An LLC can give you more ein's. :ranger:

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

Is it a complicated/costly process to set up an LLC? Anyone who's been though this could share any details?

Also, is there a minimal $ balance required to start an LLC?

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

Hope this helps - https://www.aspkin.com/forums/paypal...et-up-llc.html

PS I find searching google with what you want then adding aspkin at the end works much better than using the search option on this forum.

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

WY and NV are cheap places to create companies. I am in the process of opening a mail forwarding service in WY myself. I like WY over NV but both are excellent choices.

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

Sign me up for a box when you get your mail forwarding service off the ground :D

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

This.

Taxes are the best in WY too.

I opened all mine online using their self-service platform. I pay the yearly fees online and have all private registrations.

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

Gladiator Does WY offer the free income tax? I thought I read that delaware does zero sales tax while WY does zero income tax. :ranger:

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

Why would you do this??? Make your multiple stealth accounts. Make 10 of them. If an account is running strong and you get 1099K notice for $20K/200 shut it down and use another. Pay your taxes. The next year start that account again and if you get the 1099K notice again then think about getting an EIN.

Otherwise you make a bunch of EIN and eBay/paypal limits them and now you have all of this EIN stuff for the IRS.

F8ck ebay/paypal. Play with them all you want but don't play this game with IRS.

Do not try to evade your ebay/paypal restriction by making an EIN. Just buy the stealth guide and follow the instructions and in a few months things will be back to normal. Make a bunch of accounts.

eBay/paypal limitations is like you have a retail store and somebody throws gasoline in the window and burns it down. Now time to start over and build it better so it doesn't happen again. Keep your head up and learn from your mistakes and you will succeed.

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

All of this eBay/paypal limitation stuff is horrible but it is for a reason, rules were broken but always entrepreneurial people will stretch the rules, sometimes too far.

But imagine a real retail store. This would never happen if you had a retail store. But also maybe someone comes in and ties up your wife and shoots her, steals all of your money and product and burns your shop down.

That's harsh but shoplifting, idiot customers, etc... This ebay/paypal aggravation is a part of business

Only 3 things in life are sure. Taxes, death and trouble. (RIP Marvin Gaye)

The strong will survive. If you are strong you will too. These eBay/paypal suspensions are no big deal. If you are unprepared for this little inconvenience, think again young entrepreneur because things will get worse.

Peace friends! =)

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

What the hell are you even saying. Ein is so you can pay your taxes and so that the accounts stay intack from paypal suspension. I think you're confused.

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

WY has no tax on LLC income.

Sales tax only applies in state.

WY is the best place to open an LLC in the country.

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

Corporate fillings are $100 a year in WY, no other corporate taxes. Your income will have to get passed off into your state of residence if not WY and each state handles that tax differently and how it gets passed off is actually more important i your state and federal tax rate.

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

I was told by a tax professional that forming an LLC in WY completely means you pay no income taxes whatsoever. Forming one in Delaware however eliminates sales tax completely.

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

You were told wrong.

Federal is all 50 states....Federal tax is the big tax everyone has to pay no matter where you live or file corporations in.

Make money in China, pay federal taxes in the USA. Earn income in another country and are a USA citizen, you pay federal taxes.

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

You collect and pay sales tax in states that you operate a physical business in. It has absolutely nothing to do with what out of state location you file your company in.

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

What if on Ebay you don't collect sales tax and then by the end you realize you owe the DRS sales taxes?

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

Best to speak to a financial professional about this since you will be filing tax reports on your business...

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

and not the same one who told you that if you file a WY company you dont have to pay any taxes at all. Fire that guy(if he exists)

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

He said before that wy llc would not require me to pay income taxes.

What does gladiator mean when he says wy has no tax on llc income?

Federal tax vs income tax, what is the difference in USA. :help:

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

IF someone told you opening a business in WY means you pay no income tax that someone is spouting garbage.

That this is even a question in your mind means you're clueless and confused, which is okay, we're all clueless sometimes. It's what we do when we're clueless that separates the sheep from the wolves.

You absolutely MUST to go to somebody who knows what they're doing tax-wise.

That means a licensed, accredited profession, a professional you pay for, not somebody named Vinnie who's doing it out of the back of a stolen PT Cruiser.

You're headed for a serious, super-size ass-beating on this. Get REAL help.

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

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

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

i got the same question