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  #1  
Old 12-08-2017
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Default 1099-K from E-T*SY

Received a reminder from E-T*SY today.

"You may be receiving a Form 1099-K from E-T*SY by mid-February
Make sure your tax information is updated, and consider using QuickBooks Self-Employed to help tidy up your shop's finances for tax season."

I have already provided EIN for 3 months.
How to solve it?
NEED HELP!!!!!!!!
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  #2  
Old 12-08-2017
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Default Re: 1099-K from E-T*SY

You're getting a 1099 because you gave them an EIN. This is what's supposed to happen. Use the 1099 you get to file taxes for your EIN next year.
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Old 12-08-2017
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Default Re: 1099-K from E-T*SY

Quote:
Originally Posted by phaz0rz View Post
You're getting a 1099 because you gave them an EIN. This is what's supposed to happen. Use the 1099 you get to file taxes for your EIN next year.
Thanks!
If I do not file taxes, what will be the result? Will the IRS notify E-T`SY to close my shop?
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Old 12-08-2017
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Default Re: 1099-K from E-T*SY

Letís see. What usually happens when you donít file or pay taxes? Do they contact third parties or do they audit, seize or arrest people?
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Old 12-08-2017
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Default Re: 1099-K from E-T*SY

Quote:
Originally Posted by Gladiator View Post
Letís see. What usually happens when you donít file or pay taxes? Do they contact third parties or do they audit, seize or arrest people?
I also want to know.
If I use SSN instead of EIN. Will I receive the 1099K?
If not, How should I pay tax for SSN?
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Old 12-09-2017
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Default Re: 1099-K from E-T*SY

You will receive a 1099 regardless of which you use.

And you pay your taxes whether or not you get issued a 1099. This should not even need to be said.

Last edited by Gladiator; 12-09-2017 at 02:16 AM.
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Old 12-09-2017
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Default Re: 1099-K from E-T*SY

If I do not file taxes, what will be the result? Will the IRS notify E-T`SY to close my shop?
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Old 12-09-2017
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Default Re: 1099-K from E-T*SY



https://ttlc.intuit.com/questions/25...-file-my-taxes

How do you even run shops if you don’t know this?
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Old 12-09-2017
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Default Re: 1099-K from E-T*SY

Quote:
Originally Posted by Gladiator View Post


https://ttlc.intuit.com/questions/25...-file-my-taxes

How do you even run shops if you donít know this?
Thank you!
Should I provide EIN or SSN?
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Old 12-12-2017
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Default Re: 1099-K from E-T*SY

Asked TWICE:!!! If I do not file taxes, what will be the result? Will the IRS notify E-T`SY to close my shop?

It's pretty clear this person is planning to try to avoid paying taxes.

Get a tax attorney or a good accountant pronto. Nobody here wants to be involved in tax fraud.
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