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200/20000$ annual tax limit for usa stealths
 

Hi everyone

i am kinda new i am searchin forum about 2 weeks i am selling 15$ items and buying stealth with high selling limit attracts me but i have few questions in my mind

first i learned that when i reach 200 item limit paypal requires tax information i guess i can reach 200 limits in one month how can i get away from it with.. or should i go multi stealth accounts ??

i am from turkey is there a way to pay american tax legitly with high limit stealth? :( if u guys know ur help is apprecciated

sorry for my bad english thanks for your helps :hail:

Re: 200/20000$ annual tax limit for usa stealths
 

You would have to obtain an EIN in order to provide a tax ID, and I'm not sure if you would able to do that from outside USA.

Unless you provide a tax ID there is no way to bypass the 200/$20,000 threshold. If you can't get one you would be better off with many low-limit accounts.

Re: 200/20000$ annual tax limit for usa stealths
 

EIN is an employer identification number. The OP would need an ITIN which is an international taxpayer identification number. I am not sure what the procedure is for those.

Re: 200/20000$ annual tax limit for usa stealths
 

ITIN is what you need. You can do a simple google search and find everything you need to know.

Re: 200/20000$ annual tax limit for usa stealths
 

Spread sales over multiples accounts - welcome to the forums

Re: 200/20000$ annual tax limit for usa stealths
 

thanks for your helps its much more clear now :)

Re: 200/20000$ annual tax limit for usa stealths
 

rsot is right. Many people choose to stay below the threshold for the tax-id reporting requirement and spread their sales over multiple accounts.

Re: 200/20000$ annual tax limit for usa stealths
 

OR you can avoid that by obtaining an account from the country where you are not obligated to provide any tax documents in that case since you are from abroad; for instance Canadian accounts dont require any tax id.

Re: 200/20000$ annual tax limit for usa stealths
 

I believe the 200 item count is the lesser of the two conditions and that youll actually need to get to $20k in sales ( or they project you will) before you run into issues.
Perhaps others can shed some light on that specific question.
Regardless of the answer your best bet would be to spread your sales across multiple accounts. Works well for me.

Re: 200/20000$ annual tax limit for usa stealths
 

I would be interested in people's experience with this as well, as I would probably get close to 1000 transactions before I got to $20,000

Re: 200/20000$ annual tax limit for usa stealths
 

It is worded as 200 AND 20,000 in sales.

I did well over 200 transactions and about 18,000 in sales last year on my REAL account and they never asked for my SSN or reported that income. It is notable that they can ask at any time though.

Re: 200/20000$ annual tax limit for usa stealths
 

Whaaa??? This is coming from a merchant? :nono:

Paypal will first send you a friendly request about your tax ID around 160 sales or so, then another one around 180. But you WILL/CAN NOT go past 200 sales, I've tried several times. On one account I sold 199 items that were $5.99, but they're still firm about the limitation.

This is how it breaks down:
200 sales OR $20,000 in sales - Paypal requires tax ID or account gets limited
200 sales AND $20,000 in sales - Paypal submits a 1099 to the IRS using the tax ID you provided

They're really firm about getting your tax ID because they are required by law to report your income if you reach or pass both thresholds.

@Jeff - I haven't looked much into it but I've always seen ITIN = Individual Tax Identification Number

http://s24.postimg.org/x2ljvxol1/itin.png

Re: 200/20000$ annual tax limit for usa stealths
 

I can guarantee you I have a verified business account that I did over 200 transactions and about 18k in total revenue and I have never given a SSN or TIN. Can show you over teamviewer.

Re: 200/20000$ annual tax limit for usa stealths
 

Uhh if you have a verified business account then you have an EIN on file so you wouldn't need to provide an SSN or ITIN. They already have your tax ID in the form of your EIN. :smash:

Re: 200/20000$ annual tax limit for usa stealths
 

Oookey guys i do my research :) but one guy comes to me with building turkish stealth for me he said OK! to all my needs he even offered to build turkish high limit ebay stealth i am pretty sure its scam. is it possible to build outher u.s.a u.k or canadian stealth anyone got experience on that or is it possible ? thanks for your answers

Re: 200/20000$ annual tax limit for usa stealths
 

People sell USA, UK, and Canada account in the marketplace here.

Re: 200/20000$ annual tax limit for usa stealths
 

Yep, I second that. Had this happen to me many times before. So, it is so unpractical if you are selling low cost items hence sometimes getting an EIN or switching to another country where it is not required

Re: 200/20000$ annual tax limit for usa stealths
 

I have usa paypal and ebay from turkey, and I heard about 200/20k usd in usa, so in following months it will over 200 transcations. For that reason before reach 200 transaction, I need way.

Re: 200/20000$ annual tax limit for usa stealths
 

Why does this guy have to pay taxes at all? Is it because he can't sell from turkey?

Re: 200/20000$ annual tax limit for usa stealths
 

how I get verified paypal accounts? I should have 2 paypal accounts to keep from limited

Re: 200/20000$ annual tax limit for usa stealths
 

Can you open 2 account with same name and ID ????