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Old 12-24-2014
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Default Paypal Stealth and Taxes

New Here, just got kicked off ebay a week ago so I am formulating a game plan. I have a legit business with EIN that files a tax return every year. Luckily my ebay/paypal was in my personal name so hopefully I can create a stealth account using my real business name. I am planning to create a paypal business account with my business name. I assume they will need my business address, and my business ADDRESS is the same as my suspended ebay address. My old paypal account was never suspended but my ebay account was. Do paypal and ebay share info to link addresses? I file need the paypal info to appear pretty close to correct for tax purposes.
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Old 12-24-2014
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Default Re: Paypal Stealth and Taxes

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Originally Posted by PaMike View Post
New Here, just got kicked off ebay a week ago so I am formulating a game plan. I have a legit business with EIN that files a tax return every year. Luckily my ebay/paypal was in my personal name so hopefully I can create a stealth account using my real business name. I am planning to create a paypal business account with my business name. I assume they will need my business address, and my business ADDRESS is the same as my suspended ebay address. My old paypal account was never suspended but my ebay account was. Do paypal and ebay share info to link addresses? I file need the paypal info to appear pretty close to correct for tax purposes.
Yes...paypal and ebay DO share info :-)
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Old 12-24-2014
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Default Re: Paypal Stealth and Taxes

No you don't (at least in the U.S.you don't)....why are you using any real info making a stealth account.....so many people think this way...they are stuck "in the box" and can't fight their way out to true stealth.....Start with ALL new stealth info........
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Default Re: Paypal Stealth and Taxes

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Originally Posted by PaMike View Post
New Here, just got kicked off ebay a week ago so I am formulating a game plan. I have a legit business with EIN that files a tax return every year. Luckily my ebay/paypal was in my personal name so hopefully I can create a stealth account using my real business name. I am planning to create a paypal business account with my business name. I assume they will need my business address, and my business ADDRESS is the same as my suspended ebay address. My old paypal account was never suspended but my ebay account was. Do paypal and ebay share info to link addresses? I file need the paypal info to appear pretty close to correct for tax purposes.
Mike, Just change your business address on the file ( officially)to wher you can access it. and used it to create PP and Ebay account. You should be fine. business can change its location, right ?
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Old 12-24-2014
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Default Re: Paypal Stealth and Taxes

Welcome to the forums - explore po box options
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Old 12-24-2014
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Default Re: Paypal Stealth and Taxes

I was thinking Paypal wont take PO boxes....
I gotta get the stealth guide and read it just havent had the time.
Isnt it going to be a little odd to file taxes with paperwork that had names on it that has no tie in to you??? That looks a little fishy...
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Old 12-24-2014
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Default Re: Paypal Stealth and Taxes

Before you make any new account make sure you do a lot of readin.

Dont be in a rush to make that new account until you are aware of what to do.

Good Luck

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Default Re: Paypal Stealth and Taxes

Yeah, not in a rush. I want to get everything thought through. Gotta read the guide when I get a chance. I just gotta figure out the IRS issues. My wife is a CPA so shes a little fussy....
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Old 12-25-2014
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Default Re: Paypal Stealth and Taxes

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Originally Posted by PaMike View Post
Yeah, not in a rush. I want to get everything thought through. Gotta read the guide when I get a chance. I just gotta figure out the IRS issues. My wife is a CPA so shes a little fussy....
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Default Re: Paypal Stealth and Taxes

That picture says it all.... Accountants think different than everyone else in the world. She thinks you shouldnt "spend money on a businesss" you just put the money in a Vangaurd account and you make lots of money....
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