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Tax question 200/20k
 

i was searching forum for a while, but it looks like there is only one way to avoid tax limit on eBay stealth accounts....to get more accounts:confused:

Is there any possible way of purchasing stealth US account over here without that limitation?
I would rather get 1 eBay account and take good care of it instead of owning 3-5 etc small volume accounts...

Please excuse me if that particular question was previously discussed before.

Re: Tax question 200/20k
 

Unfortunately no way to avoid the 200/20k self employment tax unless, like you said, use multiple, smaller accounts.

In some states the limits are even lower - MA and VT - so best to avoid PP accounts established in those states.

Re: Tax question 200/20k
 

You can always open a LLC legitimately with a member partner to use their name to create the accounts and use the EIN of the company to get around the 200/20K. Otherwise there is no get around the limit.

Re: Tax question 200/20k
 

Welcome to the forum - all the best as you master stealth :thumb:

Re: Tax question 200/20k
 

Dont think OP wants to pay taxes for some reason :P

Re: Tax question 200/20k
 

Nice and legal :FF:

Re: Tax question 200/20k
 

I just pray the limits are not lowered even further...

Re: Tax question 200/20k
 

200 transactions AND 20,000 dollars is pretty fair,many ebay sellers never reach that limit

Re: Tax question 200/20k
 

You're okay with it if limits were lowered?

Re: Tax question 200/20k
 

many sellers sell low price items,so they have met 200 transactions but not $20k.
to collect 20k in payment for 200 transactions,your average sale price plus shipping would be $100 a piece.

Re: Tax question 200/20k
 

Mhmm. And 20k is 2,500 $8 dollar transactions. That's about 1.5mo worth of sales for me.

Point being, lowered limits isn't good for anyone :boink:

Re: Tax question 200/20k
 

The official limits can be anything, but if PayPal starts asking for info after a low number of sales, we all screwed.

Re: Tax question 200/20k
 

the whole idea of 20 plus 200 is to send you a 1099 form,there is no reason for Paypal to lower the threshold unless IRS makes changes.

Re: Tax question 200/20k
 

Think you missed what was said :coffee:

Re: Tax question 200/20k
 

Thank you, everyone, for sharing useful information. I do not want to pay taxes from the small accounts that i do not care about, but paying taxes (a reasonable amount ) from the nice and established account won't be a huge issue.

Re: Tax question 200/20k
 

now I recall someone posted on Paypal forum that Paypal has started asking for SS number before the 200/20K limit,the reason is she is getting close to that limit.

Re: Tax question 200/20k
 

This has been known for a long time. Around 150 items sold they start asking for sure.

Can be much earlier as well.

Maybe someday they ask after 10 items sold, then we all screwed.

Re: Tax question 200/20k
 

could it be business account vs personal account?
if you have a personal Paypal account,Paypal assumes you are just selling whatever you have around house but if your activities ramp up,it would ask you to upgrade to a business account

Re: Tax question 200/20k
 

Damn, im nearing the dreaded 200/20k threshold and thinking of getting another account. With the change thats gonna happen at the end of the month, it'll be a bit apparently harder to manage USA stealth accounts due to more verification needs. Should i just get a canadian account? Do i have to worry about the threshold with a canadian account too?