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-   -   Using an acquaintances' PayPal account and taxes. (https://www.aspkin.com/forums/paypal-talk/79228-using-acquaintances-paypal-account-taxes.html)

blue.ship 11-06-2014 02:29 PM

Using an acquaintances' PayPal account and taxes.
 
I am planning on making more than $20,000 in transactions through a PayPal on an account that is SSN verified by another person. Will this affect the taxes that that person will have to pay?

dhunter0294 11-06-2014 02:45 PM

Re: Using an acquaintances' PayPal account and taxes.
 
Yes absolutely

vogeltron 11-09-2014 05:04 AM

Re: Using an acquaintances' PayPal account and taxes.
 

natbabes 11-09-2014 07:45 AM

Re: Using an acquaintances' PayPal account and taxes.
 
Quote:

Originally Posted by vogeltron (Post 606452)

:lol: :pound:

elipse 11-09-2014 07:49 AM

Re: Using an acquaintances' PayPal account and taxes.
 
irs will be coming after the guy who has the SS number on the account wtf..

JamesNorth101 11-09-2014 07:51 AM

Re: Using an acquaintances' PayPal account and taxes.
 
This is a really bad idea.....

rsot 11-09-2014 09:14 AM

Re: Using an acquaintances' PayPal account and taxes.
 
Playing with fire OP...and someone else's financial status - not a good move

pokerpro 11-09-2014 10:41 AM

Re: Using an acquaintances' PayPal account and taxes.
 
It's hard to believe you even have to ask that, and yet are smart enough to turn on a computer?

That SSN number is going to get over $20K of income reported to the IRS..what do you think the IRS does?

BigCJ 11-09-2014 10:48 AM

Re: Using an acquaintances' PayPal account and taxes.
 
You picked the perfect name...Because if you proceed, your ship will be sinking FAST.

blue.ship 11-09-2014 05:11 PM

Re: Using an acquaintances' PayPal account and taxes.
 
Wow thanks guys, I see you all are very kind.

BigCJ 11-09-2014 07:00 PM

Re: Using an acquaintances' PayPal account and taxes.
 
You are risking someones financial information and possibly their livelihood if something goes wrong.

There are many horror stories of people who use families/friends/cousins/dogs legal information and it winds up a mess. sometimes even LARGER than having a tax issue with the IRS. :ballchain:

shani1212 11-09-2014 07:49 PM

Re: Using an acquaintances' PayPal account and taxes.
 
Blueship, Uncle Sam (IRS) will be after the person's income tax. If you make money, you have to pay the tax. Just pay the tax for 20,000. It should not be that much anyway....

elipse 11-09-2014 09:27 PM

Re: Using an acquaintances' PayPal account and taxes.
 
it's not that the $20k will be taxed, just the profit of that $20k will be taxed.


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