Tax time with stealth account - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home > Marketplace Discussions > eBay Discussion!

eBay Discussion! EBay Forum. News, Updates, or Anything eBay is Welcome. A kind of lounge if you will.

Thread Tools
Old 05-22-2014
Junior Member
Join Date: Dec 2013
Posts: 34
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 47%
iTrader: (1)
Default Tax time with stealth account

I apologize if this has been answered before, I wasn't able to gather this information.

If someone has a successful stealth Ebay business with a ⊗⊗⊗⊗ name, address, etc...With revenue over a certain amount Ebay/paypal reports earnings to the IRS. How does one handle taxes at the end of the year?

I appreciate any guidance you can provide!
Reply With Quote
The complete step-by-step guide to get back to selling today!

Old 05-22-2014
jeffweico's Avatar
Executive [VIP]
Join Date: Mar 2010
Posts: 7,219
Thanks: 895
Thanked 4,063 Times in 2,168 Posts
Activity: 0%
Longevity: 76%
iTrader: (12)
Default Re: Tax time with stealth account

Long before you get to the reporting threshold, they will request a tax-id number for reporting purposes. When you provide that number (an SSN or an EIN) to PayPal or Amazon, they will verify the individual name associated with the SSN, or the business name associated with the EIN, with the IRS.

Most people use an EIN with a business name to do this. You CANNOT give any ⊗⊗⊗⊗ information to the IRS. But the IRS won't share anything with anyone except to verify that the name given matches the name associated with the tax-id.
Reply With Quote
The Following User Says Thank You to jeffweico For This Useful Post:
subz (01-01-2018)

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
25$ Each n Every Time for 1 Stealth? okay Subscriber Discussions 11 10-25-2013 03:01 AM
Can I use two stealth accounts at same time? ocmajid Subscriber Discussions 19 07-11-2013 03:25 PM
Time for a new Stealth account Paddymac Subscriber Discussions 14 11-09-2012 07:28 PM
Going Stealth..time frame mrmerck eBay Discussion! 3 01-02-2012 02:27 AM
First time selling on stealth account! LoopHole eBay Discussion! 2 12-07-2010 07:42 PM

Aspkin Group

All times are GMT -5. The time now is 05:11 PM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts