phaz0rz | 03-09-2016 08:29 AM | Re: How to deal with taxes when using family member paypal or info? ^^ Agreed, it's just reckless (and identity theft) to use someone else's info. But if you've already done this, then yes they will have to include your 1099 when they file their taxes and pay taxes on your profits.
I recommend you stop using other's identity's and form some LLC's if you need tax ID's. I just filed my taxes for everything yesterday and it was wayyy easier than I ever imagined it would be. Taxes for my SSN + 2x EIN's were done in about 30 minutes and I only owe a little under a grand (including insurance penalty).. |