How to Properly file EIN on IRS and PAYPAL for Stealth
Hello ALL
PLEASE if anyone can help with this information I would be truly grateful. Im not in need of tax advice, I simply am trying to clarify some information I need about Paypal and how to best register the EIN on IRS and Paypal so that there are no issues with Paypal accepting the EIN for the stealth account. I bought a 500/25K high limit aged account with 10 feedback on here. Everything going smoothly have up to 50 feedback,100% but Paypal is 'projecting 20,000 200 items' and has requested SSN or EIN. Right now I cant accept Paypal payments for Ebay items sold but I have been able to withdraw,etc. I want to ensure I do this properly-
Would I register the EIN on IRS & Paypal with my SSN of course but with the Business Name Im creating and the Stealth address thats on the Paypal account? (Then forward mail from IRS to my address?)
OR
Would I register with my SSN on IRS with business name MY address but register on Paypal with the Stealth address with business name?
Ive read on the forums both options but I also read that the business name,addresses MUST match on BOTH the IRS and PAYPAL .
FYI, Im in Calif and the stealth account address is in Mass.
ALSO, the EIN is usually given immediately online. BUT, will the information NOT be in the database for Paypal to confirm right away? If so how long?? Ive got to get this worked out so I can continue to accept Paypal payments on my Ebay account.
PLEASE someone with lots of experience with this PLEASE HELP a newbie. I had an Ebay account with 53K feedback that was suspended 2 years ago for being barely under acceptable DSRs for 1 month. Ive been struggling ever since and finally found this website.
Also I would register as an LLC and NOT a sole proprietorship on IRS correct for Paypal purposes so my name doesnt come up?
Thank you for your help with this . Greatly appreciated
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