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  #23  
Old 10-19-2018
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Default Re: How many stealth accounts? TAX?

Quote:
Originally Posted by James_Elsworth View Post
So if all the accounts are registered with different names and address, all that matters is where the money goes to? the bank account? it doesn't matter if they're all under ⊗⊗⊗⊗ names or random addresses? that's what I want to know.
You can fill out your own 1099k with the aggregate totals from each month across all of your stealth accounts.

Sorry if I misunderstood your original question. That's how you would properly pay taxes while using stealth accounts. As long as the $ going into your bank account is accounted for you're good to go.
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  #24  
Old 10-19-2018
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Default Re: How many stealth accounts? TAX?

Financial advice is a bit beyond scope of the forum in general
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  #25  
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Default Re: How many stealth accounts? TAX?

Thanks for all the great advice guys, appreciate it!
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  #26  
Old 10-20-2018
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Default Re: How many stealth accounts? TAX?

I have over 40 eBay Stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
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  #27  
Old 10-20-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
I have over 40 eBay Stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
Nothing happening yet doesn't mean IRS won't catch on. When they do catch on, they will dig up every single years of unfiled tax and that's when you're in real trouble.

You may think you don't make a lot of money each year, but the amount of undeclared income accumulates and balloons up to a pretty substantial amount over the years. If you're caught at this point, there's a good chance IRS will slap you with criminal tax evasion charges rather than just telling you to pay up.

If this is what you're wanting to risk, then keep playing with fire and hope for the best.
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  #28  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
I have over 40 eBay Stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
I'd like to take a moment and let you know how brilliant you are for posting that on a public and probably monitored forum.

Dumb@ss...
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  #29  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

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  #30  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
I have over 40 eBay Stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
May I ask who don't you want to pay tax that may be due for what you are selling? If you don't, your Uncle Sam might get angry, and you don't want that.

Seriously, this is not a good idea. Consult a Tax Professional asap.
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  #31  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
I have over 40 eBay stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
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  #32  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
I have over 40 eBay stealth accounts and I never paid taxes in 4 years since havin them, nothing happened to me yet.
What's the rush? They can just catch you in 10-20 years when everything is more automated, can save cash and charge you extra interest then lol.
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  #33  
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Default Re: How many stealth accounts? TAX?

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Originally Posted by dan_ebay View Post
What's the rush? They can just catch you in 10-20 years when everything is more automated, can save cash and charge you extra interest then lol.
This is a good point. The tax authorities (IRS in the USA) have limited computing ressources now, but in 10-20 years things are likely to change drastically, especially with the Quantum age coming. By that time, the "tax man" can find and cross reference trillions of datapoints and find your income sources in seconds (near instantly) with oversight you can't possibly imagine. it will be pretty much entirely automated by then, think "superbots". Best to get your ducks in a row now, because last time I checked there was no statute of limitations when it comes to tax fraud.
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  #34  
Old 10-21-2018
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Default Re: How many stealth accounts? TAX?

So when it comes to money, there's no statute of limitations, but when it comes to harming another person physically... they just throw it out of the window in like what? 7 years? lol
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  #35  
Old 10-22-2018
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Default Re: How many stealth accounts? TAX?

If they ever audit me or something then I'll pay up.

Last edited by eman350; 10-22-2018 at 03:11 AM.
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  #36  
Old 10-22-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
If they ever audit me or something then I'll pay up.
You know, nobody likes paying taxes. It's also a pain, sure, but it's also the law. Maybe you don't agree, but you should not really wait until the Treasury Dept. comes knocking. if you report now, you can detect all your product and expenses. Waiting for a tax bill to arrive or audit from the IRS would likely mean you would forfeit the right to those deductions, and pay tax on the full amount of your sales, in addition to penalties and interest.

An audit is no fun. You may find this experience not only unpleasant, but much more expensive than following the rules.

Last edited by nickopedia; 10-22-2018 at 05:26 AM.
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  #37  
Old 10-22-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by SaiJin View Post
So when it comes to money, there's no statute of limitations, but when it comes to harming another person physically... they just throw it out of the window in like what? 7 years? lol
The United States of America is a corporation owned by foreign interests. Bilking the nation for money has been goal #1 since the 1800's...

Sad but true

The Act of 1871: The “United States” Is a Corporation
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  #38  
Old 10-22-2018
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Default Re: How many stealth accounts? TAX?

Don't forget to deduct phone, internet, electricity, laptops, software, if u drive to auctions u can deduct fuel, office rent, salaries, losses, bank fees, accountant fees, exchange rates, etc.
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  #39  
Old 10-22-2018
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Default Re: How many stealth accounts? TAX?

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Originally Posted by phaz0rz View Post
The United States of America is a corporation owned by foreign interests. Bilking the nation for money has been goal #1 since the 1800's...

Sad but true

The Act of 1871: The “United States” Is a Corporation

This is disturbing to read...
I frankly don't know what to say about this.
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  #40  
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Default Re: How many stealth accounts? TAX?

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Originally Posted by eman350 View Post
If they ever audit me or something then I'll pay up.
You enjoy paying substantially more fine than your tax, and sitting your ass behind bars?

Wise man!
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  #41  
Old 10-23-2018
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Default Re: How many stealth accounts? TAX?

hello,
i'm going to buy US ebay account soon
i already got*Stealth Book, but i couldn't find anything about the state taxes.
For example, if i buy stealth account and i start dropshipping in US, but i don't really live in US, how about the taxes than? do I have to pay them anyway? and where can i find the info, which taxes do i have to pay?
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  #42  
Old 10-23-2018
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Default Re: How many stealth accounts? TAX?

Quote:
Originally Posted by eman350 View Post
If they ever audit me or something then I'll pay up.
Paying might not be an option when the time comes around. :(
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  #43  
Old 10-23-2018
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Default Re: How many stealth accounts? TAX?

Quote:
Originally Posted by kau View Post
hello,
i'm going to buy US ebay account soon
i already got*Stealth Book, but i couldn't find anything about the state taxes.
For example, if i buy stealth account and i start dropshipping in US, but i don't really live in US, how about the taxes than? do I have to pay them anyway? and where can i find the info, which taxes do i have to pay?
Well yes, you'll have to pay taxes. But this you can easily solve by talking to your CPA that knows ebay and amazon.

They are not hard to find actually, just google them or call around locally.
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  #44  
Old 10-23-2018
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Default Re: How many stealth accounts? TAX?

Ok I will pay, ya happy now. Ha
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