Forum

FIRST STEALTH ACC - paypal asking for tax info
 

please advise me step by step if u can


papyal also delayed my transfer of funds to my bank saying they need to review it

they said i need to update account info and then i got taken to here

https://i.imgur.com/zdZNvMj.png

this is my first stealth acc i dont know how to proceed

=

okok i think those are two separate things, but im gonna hit the limit really fast (of 200 transantions) and need to do something about tax info.

Re: FIRST STEALTH ACC - paypal asking for tax info
 

Did you make the accounts based on the stealth guide?

I always advise people to not come close to the treshold to not make things complicated.

If they need the tax info, then give it to them

Re: FIRST STEALTH ACC - paypal asking for tax info
 

hi, thanks for the reply.

i bought my stealth acc from here so i dont actually get how stealth works. it was a high limit 1k/25k one but i did read the guide to not get it suspended and work it up slowly to where im now selling a lot on it 6 weeks later.

i assumed these stealth accounts worked on the basis of identity theft so you're also buying a ssn. but thats not really true so then im not sure how we're supposed to use these stealth accounts if paypal starts wanting ur ssn after 200 transaction.

are you saying its possible to give them my personal tax info and ssn, even if i've already given that to paypal for another account (my main one connected to my personal ebay which is in good standing) and it wont trigger any red flags?

Re: FIRST STEALTH ACC - paypal asking for tax info
 

here's the other crazy thing,

i had 50k in sales on ebay last year but ive never filed taxes or had a real job so besides giving my ssn to paypal and banks i think im not in the system or something 0.o

i guess i had two options

1) set up a business (??) and get a tax identification number

or

2) give them my ssn on this new paypal account


but for option 2 im scared that could be bad since the paypal info isn't what my ssn corresponds to

Re: FIRST STEALTH ACC - paypal asking for tax info
 

So, you're saying you did 50k in sales but never filed taxes for that income?
Maybe I'm missing something here, but you really need to consult a Tax Professional (i.e. CPA or Attorney) for advise.

You're correct, you are going to have to either give your SSN or TIN/EIN when requested. That's really your only option at this point.

Also, as SaiJin suggests above, please get and read the Stealth Guide if you have not already done so. It's full of details that will greatly help you.

Re: FIRST STEALTH ACC - paypal asking for tax info
 

im just wondering what anyone knows about giving ur SSN to paypal on two separate paypal accounts. particularly when this second one is not in your name.



because i spend a huge amount of money on trading cards, i would just say my expenses was similar to sales so everything zeroes out. so thats why i didn't get why i needed to file taxes if everything just adds to 0. i am gonna get around to it, probs this year.

Re: FIRST STEALTH ACC - paypal asking for tax info
 

dude guys i got tired of reading aspkin threads so i just decided to try stuff

i fed my stealth paypal my brothers ssn number, gonna see what they come back to me with

(he used my ssn to open up credit cards in my name for him to use w/o telling me so this makes it even)

btw whats funny is since we're twins our numbers are just two in a row, so as soon i as i knew my ssn i knew his. and they wonder why identity theft between twins is so prolific.