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Old 09-26-2014
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Default Paying taxes if signing up for EIN?

I was wondering if i sign up for an EIN would i need to pay taxes? It's for my stealth paypal account that's requiring an EIN or SSN since i've reached 200 sales but not even close to 20k
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Old 09-26-2014
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Default Re: Paying taxes if signing up for EIN?

You need to pay any taxes on any earnings you make.

Talk to an accountant for the specifics.
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Old 09-26-2014
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Default Re: Paying taxes if signing up for EIN?

Nothing exempts you from paying taxes...EIN is a workable substitute for SSN request but never think you can avoid taxes...
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