using childs ss and name?

[Cuteynene]

I bought the Stealth Book and am following but I was wondering about taxes when etsy send out tax forms at the end of the year. I plan on using my kids ss. How does that work? or better yet will it work?

[GreenBean]

It most certainly will not be SENSIBLE to use a child's name or SSN. You have other options such as EIN for taxes.

Before making accounts, you also need to read the forum to get the current trends. The stealth principles of ebay/paypal apply very well to etsy as well.

[Cuteynene]

ok How do I get an EIN? Sorry I'm so new to this stuff and I dont want to be kicked off again.

[Dmshark25]

Never use friends or family for this, it's your business so you need to be fully responsible and financially accountable

You need to go the route of creating a business, could be an LLC and use a DBA and get an EIN , which will be accepted instead of a SS#

[Dmshark25]

Originally Posted by Cuteynene

ok How do I get an EIN? Sorry I'm so new to this stuff and I dont want to be kicked off again.

IRS.GOV is a good place to start

[Cuteynene]

Thank you!

[GreenBean]

Here's their site


Internal Revenue Service

It's user friendly and FREE to use.

[rsot]

Searching forums for a lot of the EIN and LLC discussion terms also helps to learn

[Sandy D]

Never use your childs info for yourself.

Taking a chance to ruin their fresh start for your current needs is not a good idea at all.

[newjerseymax]

Poor kid is banned before even started :(

[aspkin]

Yeah.. I don't remember this being in the stealth guide.. maybe you misinterpreted what was said.. go with what others have said however. EIN is preferable.

[GreenBean]

Originally Posted by rsot

Searching forums for a lot of the EIN and LLC discussion terms also helps to learn

Adding maybe one or two threads with a suggestion like this is a nice method to encourage the learning.

Helps newbies get better understanding.

[rsot]

Originally Posted by GreenBean

Adding maybe one or two threads with a suggestion like this is a nice method to encourage the learning.

Helps newbies get better understanding.

I have a few nominations in the pocket for potential creators of such threads

[Sandy D]

Originally Posted by rsot

I have a few nominations in the pocket for potential creators of such threads

Thanks rsot!!!!

[rsot]

Welcome

Wonder ever happened to Cuteynene's decision...