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-   -   Irs 1099-k states to avoid! (https://www.aspkin.com/forums/paypal-talk/123330-irs-1099-k-states-avoid.html)

iamlmfao 01-20-2019 08:08 AM

Irs 1099-k states to avoid!
 
Well whatever you do dont make your stealths in VERMONT (VT). Just got a 1099-K for $600 sales (6 items for the year) LOL

Would love a list of good states with best tax laws. IRS is the reason why GAYPAL are pretty much almost DEMANDING ssn's now. FVCK THE IRS.

phaz0rz 01-20-2019 10:02 AM

Re: Irs 1099-k states to avoid!
 
VT and MA have been doing that for a couple years now. Some kind of state law.

Sunspot144 01-20-2019 11:40 AM

Re: Irs 1099-k states to avoid!
 
VT is super liberal. Banned sale of gift CCs even. Home of the great bum Bernie Sanders.

iamlmfao 01-20-2019 11:42 AM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by Sunspot144 (Post 972589)
VT is super liberal. Banned sale of gift CCs even. Home of the great bum Bernie Sanders.

If i change the address on the paypal, would that work?

Sunspot144 01-20-2019 11:52 AM

Re: Irs 1099-k states to avoid!
 
I dont see why not, people move all the time.

If you wanted to be really safe wait a few weeks or a month after your most recent sale to change the address.

My stealth knowledge is limited so if a veteran knows of a reason not to I'd listen to them.

phaz0rz 01-20-2019 12:25 PM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by iamlmfao (Post 972590)
If i change the address on the paypal, would that work?

Won't really matter since they've already sent the 1099, but I guess that may be a way to salvage your account and prevent the same thing next year.

Good news is they sent a 1099 for a MA stealth account I had for 2017 and nothing ever came of it.

Pnw507 01-20-2019 03:51 PM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by phaz0rz (Post 972597)
Won't really matter since they've already sent the 1099, but I guess that may be a way to salvage your account and prevent the same thing next year.

Good news is they sent a 1099 for a MA stealth account I had for 2017 and nothing ever came of it.

Did the 1099K you received have your TIN# on it? I just got one from a stealth account from the state of MA. Has my personal TIN#, not sure how Paypal got it it?

H4ck 01-21-2019 03:22 AM

Re: Irs 1099-k states to avoid!
 
Use PayPal stealth from other states......... Not that big of a deal

phaz0rz 01-21-2019 09:25 AM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by Pnw507 (Post 972632)
Did the 1099K you received have your TIN# on it? I just got one from a stealth account from the state of MA. Has my personal TIN#, not sure how Paypal got it it?

No, definitely not.

iamlmfao 01-21-2019 10:11 AM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by phaz0rz (Post 972783)
No, definitely not.

This is actually funny cause the ONLY BOTH states I got them from was VT & MA haha....what are the odds I just happened to have these stealths in these states. epic fail. I doubt anything will happen.....i dont see why anything would happen.

SaiJin 01-21-2019 11:33 AM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by phaz0rz (Post 972597)
Won't really matter since they've already sent the 1099, but I guess that may be a way to salvage your account and prevent the same thing next year.

Good news is they sent a 1099 for a MA stealth account I had for 2017 and nothing ever came of it.

You mean you didn't do anything with it and that's it?

SaiJin 01-21-2019 11:39 AM

Re: Irs 1099-k states to avoid!
 
Quote:

Originally Posted by phaz0rz (Post 972809)
Yup. So far so good. :s

But you don't have an EIN attached to your PP correct?

iamlmfao 01-21-2019 02:33 PM

Re: Irs 1099-k states to avoid!
 
Honestly, I don't think anything will happen to anyone. Hence thats why they say "The IRS will come after you" Doubt they are gonna pursue small amounts LOOOL

SaiJin 01-21-2019 02:51 PM

Re: Irs 1099-k states to avoid!
 
well, can't be too careful regardless.


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