AmazonStealth | 11-19-2012 01:36 AM | Quote:
Originally Posted by chavar
(Post 394305)
I opened 5 accounts and doing great. 2 Days ago I received I notice from paypal saying that I was getting close to 200 transactions and I had to provide EIN for my paypal account. I am confuse because I didn't know paypal request this information. The EIN they are asking is for a account I created under a friends name but I know he won't give me his social or personal information to give to paypal. I read in the blog the I should open a Corp. and provide them with the Corp EIN number . If I register cooperation under my name won't paypal cross match my information and close my account | Flaws:
-Account is not your information
-You need to provide EIN/SSN, but the account in not in your name.
-This means you need your family/friends EIN.
-If they were to give you their EIN, they would be responsible for tax info.
-All income would fall on their tax income.
-You would need to pay their taxes for the income you made.
It is just a huge cluster fu!k, and wont be a long term solution. Just create a new account with your information for long term stability, get an llc or sol pro EIN, new address, and do it right. |