nodeal | 01-20-2019 11:31 PM | Re: 1099-k stealth + legit main Paypal income You should get advice from an accountant.
I think one relevant detail is what bank the legit account that didn't receive a 1099 are the funds being transferred into? From what I know, if they are being transferred into a bank account opened under the same business name as what is on your 1099, then You can report all the income under the one business that is on your 1099. It is fine if a portion of your sales is not listed on the 1099 and you file something higher as long as it is money that actually is going into your business bank account.
If the bank attached to your legit account is a personal bank and not under the company name, maybe an accountant would tell you it is better to have it separated.
Depending on the amount of money, it might not matter too much either way though. Talk to a professional. |