Stealth Etsy Account in US - Bank related Question

[wkang87]

Hey guys!
I'm new to Etsy but well experienced Ebay seller.
With Ebay I had no issues adding my bank account even though my stealth account had a mix matching name.

I'm stuck in the bank account linking section and afraid that something will go wrong since the account I'm making for etsy is an account that will have name/DOB/SSN that I purchased from someone.

What are your thoughts?

I appreciate the help.

[agent006140]

There is a guy here who bot a stealth Paypal account on this forum which has other people SSN,IRS swooped in and grab his money

[SaiJin]

Originally Posted by wkang87

Hey guys!
I'm new to Etsy but well experienced Ebay seller.
With Ebay I had no issues adding my bank account even though my stealth account had a mix matching name.

I'm stuck in the bank account linking section and afraid that something will go wrong since the account I'm making for etsy is an account that will have name/DOB/SSN that I purchased from someone.

What are your thoughts?

I appreciate the help.

You bought the account from this forum?

[rsot]

wkang87 are you in the usa? why do you need to use someone else ssn?

[agent006140]

Originally Posted by rsot

wkang87 are you in the usa? why do you need to use someone else ssn?

He bought a stealth account which comes with SSN.
It is against the law to use other people's SSN,if that person owes IRS money,IRS will take the money.
If he finds out you are using his SSN,he could report you

[murdered_by_ebay]

this is called identity theft and tax reports would need to be made in the name of the person on SSN

this would allow them to find it out at some point and you may go to jail for this , the police would easily find you based on bank account details used for disbursements

[chanux7186]

Originally Posted by wkang87

Hey guys!
I'm new to Etsy but well experienced Ebay seller.
With Ebay I had no issues adding my bank account even though my stealth account had a mix matching name.

I'm stuck in the bank account linking section and afraid that something will go wrong since the account I'm making for etsy is an account that will have name/DOB/SSN that I purchased from someone.

What are your thoughts?

I appreciate the help.

where from brought ?

[wkang87]

Originally Posted by murdered_by_ebay

this is called identity theft and tax reports would need to be made in the name of the person on SSN

this would allow them to find it out at some point and you may go to jail for this , the police would easily find you based on bank account details used for disbursements

Have you heard of anyone in the forum say this or prove this? Not trying to be a smartass but I've been doing eBay Stealth for a while (4years) and never had issues with the SSN.

Originally Posted by SaiJin

You bought the account from this forum?

Yeah, the account was purchased prior to Ebays policy thay required a SSN, then the SSN was purchased after the change in eBay policy requiring SSN

Originally Posted by agent006140

There is a guy here who bot a stealth Paypal account on this forum which has other people SSN,IRS swooped in and grab his money

Could you find the post and link it here? I haven't heard anyone yet that IRS has found out about it and penalized for it. I know it's against the law but it's the only way to do stealth this way IMO

[agent006140]

The post was removed by Aspkin,I just happend to be on this forum when he posted.
Common sense,people guard their SSN ,1099 would be reported to IRS and posted to his account,then IRS will compare his 1040 return with their own record and if the reported wages,salary,income is way less,it could trigger an audit.
You know the 1099 is based on SSN,you get a copy and IRS gets a copy.
If you have not been caught,it is possible the person is dead or left the country,or does not make enough to file a return.
if he is dead,and his estate owes tax,IRS could seize your fund.

[SaiJin]

Originally Posted by wkang87

Have you heard of anyone in the forum say this or prove this? Not trying to be a smartass but I've been doing eBay Stealth for a while (4years) and never had issues with the SSN.



Yeah, the account was purchased prior to Ebays policy thay required a SSN, then the SSN was purchased after the change in eBay policy requiring SSN




Could you find the post and link it here? I haven't heard anyone yet that IRS has found out about it and penalized for it. I know it's against the law but it's the only way to do stealth this way IMO

Go back to that seller and ask what you can do while you're at it

[supplies]

Originally Posted by wkang87

Have you heard of anyone in the forum say this or prove this? Not trying to be a smartass but I've been doing eBay Stealth for a while (4years) and never had issues with the SSN.



Yeah, the account was purchased prior to Ebays policy thay required a SSN, then the SSN was purchased after the change in eBay policy requiring SSN




Could you find the post and link it here? I haven't heard anyone yet that IRS has found out about it and penalized for it. I know it's against the law but it's the only way to do stealth this way IMO

You want proof lol
Its common sense 🤦*♂️

[agent006140]

IRS is only interested in getting what belongs to the government,it does not enforce law that you are using another person SSN .

[aaa7z5]

Yep...be careful. . .Listen to what was discussed above!

This is identity theft and fraud, its pretty much just like drinking and driving every night...you might be fine for while, but when it hits you, you suddenly realize that you were dancing with TWO felonies, federal as well as state laws..

Peace~

[agent006140]

You should go back and ask the seller where did he get the SSN and who is the person,he could be a prior US resident who returned home and have no intention of coming back or deceased overseas and not reported.

[rsot]

Originally Posted by agent006140

You should go back and ask the seller where did he get the SSN and who is the person,he could be a prior US resident who returned home and have no intention of coming back or deceased overseas and not reported.

if the seller is still around...

[devinefallen]

is etsy dropshipping picking up?

[agent006140]

He is in China,why does he need a US account ?

[rsot]

Originally Posted by agent006140

He is in China,why does he need a US account ?

likely to appear to buyers that he is selling from uSA...

[agent006140]

plenty of Chinese Ebay sellers selling from China,buyers dont mind waiting 30 days to receive their goods.

[longr2512]

For Etsy Stealth, you're supposed to change to a business entity after warming up. All tax liabilities pass on to the inputted EIN instead of original SSN.

[rsot]

Originally Posted by agent006140

plenty of Chinese Ebay sellers selling from China,buyers dont mind waiting 30 days to receive their goods.

right, but also depends on what is being sold

[Minikim514]

Stealth is still possible on etsy?