Tax question about who to file under

[drebintech38]

Hey guys,
I currently sell on an account that's 6 years old under my moms name(who I live with and allows it). If all my income goes into my own bank account attached to the accounts Paypal, would I file taxes in my own name or hers? I have up til now, filed in my own name. I never go over 20K. I use my tax info for govt assistance, so I want to do it correctly and legally. Thanks!

[agent006140]

who owns the Paypal account,you or your mom?
whose SSN is in that Paypal account?
1099 goes to the one whose SSN is registered with Paypal.

[phaz0rz]

If it's being reported in your moms name it obviously will need to be included on her tax return.

If you've been including it on your tax return for 6 years.. the IRS is probably wondering why your mom isn't paying taxes on her online sales. And why you are paying taxes with nothing reported.

[agent006140]

you can still report income without getting 1099,say you sell below 20k and 200 transaction on every venue-AMZN,EBAY,ETSY etc,you get no 1099 from these sites .

[agent006140]

if IRS ever ask,then tell them the truth-I am using my mother paypal account !
He is not doing anything against the law,the worse is he and his mother both have to adjust income reported on 1040

[drebintech38]

The Paypal account is in her name with her SSN. The bank account attached to the Paypal is my own, so when I withdraw funds, it comes in under her name to my BOA. I have never gone over and probably wont go over 20K, by I do go over 200 transactions. I was thinking if she ever got a 1099 then file with her credentials. I use a separate PO box for her also, which is in her name too.

Do I need to file next year as her, and should I not have my own bank account attached to her Paypal? Haven't had any issues.

I have done it this way so I can use the return as proof of income for state benefits.

[rsot]

Originally Posted by drebintech38

The Paypal account is in her name with her SSN. The bank account attached to the Paypal is my own, so when I withdraw funds, it comes in under her name to my BOA. I have never gone over and probably wont go over 20K, by I do go over 200 transactions. I was thinking if she ever got a 1099 then file with her credentials. I use a separate PO box for her also, which is in her name too.

Do I need to file next year as her, and should I not have my own bank account attached to her Paypal? Haven't had any issues.

I have done it this way so I can use the return as proof of income for state benefits.

Financial advice is beyond scope of this forum - go speak to a financial professional