Forum

Can I update more than one Stealth to real info?
 

I just updated an otherwise useless stealth account to my real info, and it verified and the banner went away... everything is good.

I also have another long-history-with-perfect-record account that I hate to waste, I realize updating that to real info would merge the two (in a way) but at least that would give me the use of both accounts.

I never have any issues, selling, Vero, chargebacks, I only use stealth accounts for privacy (from buyers, since it's a small circle of people in the niche I buy/sell in). Would updating that second account to my real info so I can use it cause any issues with my first account or either of them, as far as having 2 accounts updated with my info?

If anyone thinks that is a bad idea, let me know; I'd rather have one good account for sure rather than two good accounts with a maybe hovering over my head....thanks!

Re: Can I update more than one Stealth to real info?
 

I'd start with one account first.

2nd account you can turn it into a business ACC with EIN

Re: Can I update more than one Stealth to real info?
 

The answer is you can have 5 accounts with identical information. What happens if one gets banned? Nobody knows yet.

Re: Can I update more than one Stealth to real info?
 

different bank or can you use the same bank account as others

Re: Can I update more than one Stealth to real info?
 

Use different banks

Re: Can I update more than one Stealth to real info?
 

You can use the same bank on five accounts. Same name, tax number, address, bank accounts, phone number but I believe you need different emails.

******This could be very risky for people who loose accounts******

Re: Can I update more than one Stealth to real info?
 

do they require full ssn if using ein or just last 4 ssn?

Re: Can I update more than one Stealth to real info?
 

You need to use your full SSN on all accounts. As stated earlier in this thread, you can have up to 5 real Ebay accounts.

Re: Can I update more than one Stealth to real info?
 

How many can you have if real name, dob, ssn but different addresses, and different banks?

Re: Can I update more than one Stealth to real info?
 

5......

After that you need entities. Should use entities for every account in my opinion.

Re: Can I update more than one Stealth to real info?
 

Okay for smLLC entities do you reccomend a certain state or can it be any state that has cheapest annual fee and such.

Re: Can I update more than one Stealth to real info?
 

What happens after 5? Does it tell you you've capped out your max # of accounts @ 5? Error message? Etc

Re: Can I update more than one Stealth to real info?
 

I have like 10 business accounts, zero personal accounts... I've only put in last 4 of SSN and have never given them a full social.

Re: Can I update more than one Stealth to real info?
 

Do you also have 10 different LLC accounts or did you link some LLC to multiple eBay accounts?

Re: Can I update more than one Stealth to real info?
 

Well not this year because after 600 dollar threshold ebay wants full SSN to generate the 1099 with it.

Re: Can I update more than one Stealth to real info?
 

Nonsense. The 1099s go to the person the EIN is registered to.

Re: Can I update more than one Stealth to real info?
 

NO THEY DO NOT.

For single member LLC's which are passthrough entities the 1099 is processed through the SSN. It's why everyone on here has to provide their real SSN in stakeholder info. If you provide someone elses SSN and your real EIN someone will be getting a 1099 sent to the IRS under their info.

Re: Can I update more than one Stealth to real info?
 

Can you link 5 eBay accounts to the same "entity" ?

Re: Can I update more than one Stealth to real info?
 

EVERYONE ON HERE doesn't have to provide the full SSN. Myself and multiple others have only uploaded the last 4. How the hell they gonna send a 1099 to an SSN they don't have? (maybe they'll ask for it later, no clue)

And if you go dig up eBays most recent statement on this issue, PRIVATE sellers will need to provide SSN, while BUSINESS sellers need to provide EIN.

Re: Can I update more than one Stealth to real info?
 

Let's me be clear. In 2022 which only happened 20 days ago the new threshold for a 1099 dropped from 20k to all the way down to 600 dollars. I know about people only updating last 4, I've had that for years now but when all of us with sm LLC's or individual accounts start to reach 600 or 2k whatever is close to 600, ebay will send you an email now requesting full ssn. Reason is because all third party processors have to generate 1099 at 600 threshold. Sure you could not update with real ssn but you'll lose your abiilty to continue selling.

And no. business's for smLLC's at least do not just provide EIN, there must be a real SSN that the 1099k will be submitted with.

If your talking about another entity other than smLLC's Idk please provide details.

Re: Can I update more than one Stealth to real info?
 

Let ME be clear... it's SSN OR EIN OR ITIN

If you want to argue with someone, argue with eBay... THEY are the ones saying it. The below is taken directly from the website

There are also other sources of them explaining how businesses only give EIN, and private sellers give SSN.

I'm also waaaaaaayyyyyyyyy past $600 and they haven't said sh*t.

Re: Can I update more than one Stealth to real info?
 

If what you're saying is right, then everything they have released in the last couple weeks REGARDING 2022 is wrong.

Re: Can I update more than one Stealth to real info?
 

That's if you have a different entity that you won't need SSN. smLLC's require SSN to run the 1099k or individual account type. What is the entity you run your account with. I only have experience with smLLC or individual accounts.

Re: Can I update more than one Stealth to real info?
 

You are wrong.

It ALWAYS GOES TO THE EIN when using Entities. Any entity that has an EIN. single member LLC, Multi member LLC, Partnerships, trusts, corps, etc..... Always goes to EIN.


Now for YOUR PERSONAL TAXES, yes, you single member LLC will pass onto you or even Multi member, but you personally do not get the 1099K, the business does.

Re: Can I update more than one Stealth to real info?
 

I could have sworn to see a thread with the user Gotya108 mentioning how SSN is important for ebay with the 1099k filing they do regardless of there being a smLLC ein on file.

If this is true then you simply can get a single member LLC, create an account with your brother's SSN (anyone's ssn) info as stakeholder info and use your EIN and LLC to get the 1099k with no impact to them for taxes or no reporting to the IRS under their SSN whatsoever?
Use a friend's ssn in stakeholder info then your EIN in business info region and then no tax implications to them?? no reporting done to irs on their ssn??

Re: Can I update more than one Stealth to real info?
 

You have to be careful where you get your information.

Re: Can I update more than one Stealth to real info?
 

So use a brother/sister/ friend / parent's ssn ,dob name with their permission in stakeholder's section, and in business section use my smLLC, and ein and zero impact come tax time on their ssn? nothing on their ssn reported to irs?

Why wouldn't everyone do this. stealth problem solved

I get 1099k for myself only it won't mention their name just my llc name. problem solved?

Re: Can I update more than one Stealth to real info?
 

No... as in YOU CANT JUST LISTEN TO SOME RANDOM PERSON ON HERE and take it as the gospel.

That kinda information is what I mean when I say be careful where you get your information :lol:

Re: Can I update more than one Stealth to real info?
 

no it could have been me interpretting him wrong the gotya108 user knows a lot.

can you answer where is the flaw in that scenario with stealth creation?

Re: Can I update more than one Stealth to real info?
 

no it could have been me interpreting him wrong the gotya108 user knows a lot.

can you answer where is the flaw in that scenario with stealth creation?

Re: Can I update more than one Stealth to real info?
 

I read what he said regarding it a few days ago, and he is wrong. At least based on how EINs have been treated in the past on 3rd party platforms, when it comes to where the 1099 goes. Like we've been trying to tell you, it ALWAYS follows the EIN/LLC. Why would they ask for it, if not, right?

I would have to look at my business info/stakeholder info again to answer you for certain...I don't even remember what I entered. But there has to be a way they're checking EIN/LLC/name/SSN/last four. This is probably why some people are getting ID/document requests, and some are not. Just guessing, I haven't been keeping up with other people's problems that much, since mine has been smooth as butter from the day I registered.

Re: Can I update more than one Stealth to real info?
 

You can. But what would be the advantage? I have made all my accounts on ebay, paypal, etsy, MP, Stripe, walmart in my name since 2017. It have never been an issue to your your Name, DOB and last 4.