Forum

social security number and paypal tax report
 

so i remember getting a tax report from paypal that i reported to my tax return... and if i'm doing stealth and getting a family ss number... so if i start selling well they have to report the tax slip paypal sends them in there tax return??? using one of my parents who owns a restaurant so if im selling my goods it seems there tax payment will be higher cause of me.. in that case.. i don't know how much i have to give my folks? oh yeah coming off a suspesnion from selling legit items but poor dsr with close to 10000 feedback since 2000 ebay sucks but can't find any other site better :mad2:

just get a stealth that doesnt have a ssn linked. A ssn is not required if you have a canadian paypal.

lucky canadians... well im in usa.... i've read though that when sales and volume increases in business paypal will require ss... so i know thats something that will be bit stressful.. later run there were options on how to combat that in the book which some were bit funny ... i do miss my account. :mad2:.

Yes you have to report everything to IRS

It's easy like 123.Find a good CPA then calculate your gross income then subtract your expenses and how much you spent for goods and here is your net income....Again find a good CPA

Good luck

First the sister's SSN

Now a parent's SSN.

Not the way to do business.

You can do all this correctly for paypal by considering making an EIN. You need to take professional tax advice to do everything correctly.
:peace:

just doing what the book said.. getting family members ss number... they don't use ebay at all too.. rather do that then some bogus name the book recomended even some odd address like using mcdonalds or burger king that portion was quite hilarious

http://www.aspkin.com/forums/ebay-su...s-account.html


Hopefully I explain the reasons in this thread

:peace:

OP, you would do best to get the guide ASAP and set up stealth properly - none of this family stuff