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Old 07-25-2015
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Default 200 item limit? SNN..EIN?

Ok I am super close to the 200 limit on ebay. What will happen to me? I do not have an SSN but I can get EIN. Please let me know so I am prepared when it happens thanks!
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Old 07-25-2015
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Default Re: 200 item limit? SNN..EIN?

Well you have 2 options:
1. Stop Selling
2. Convert your PayPal to Business and upload an EIN
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Default Re: 200 item limit? SNN..EIN?

Quote:
Originally Posted by MM78 View Post
Well you have 2 options:
1. Stop Selling
2. Convert your PayPal to Business and upload an EIN
They sent me the email at around 130 transactions. They usually send it way before 200. They haven't sent you one yet?

When you register for a EIN, do you just pay the flat fee and thats it? Lets say you send up making 30k, how would you pay taxes on that amount with a EIN?
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Old 07-25-2015
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Default Re: 200 item limit? SNN..EIN?

Quote:
Originally Posted by nohnoh View Post
They sent me the email at around 130 transactions. They usually send it way before 200. They haven't sent you one yet?
No, I never allow any of my accounts to even reach those limits....hence why I have a lot of accounts.
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Old 07-25-2015
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Default Re: 200 item limit? SNN..EIN?

You need to seek professional help from your accountant.

As for fees, every state has different rules, procedures and fees.

Each company type has a different tax structure. Some are pass through directly to you, some have there own tax rates and some have options.
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Old 07-26-2015
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Default Re: 200 item limit? SNN..EIN?

EIN = taxes, make sure you want to do this route
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Old 07-26-2015
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Default Re: 200 item limit? SNN..EIN?

Quote:
Originally Posted by MM78 View Post
No, I never allow any of my accounts to even reach those limits....hence why I have a lot of accounts.
Listen to MM78 OP - make multiple accounts and spread sales
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Old 07-29-2015
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Default Re: 200 item limit? SNN..EIN?

Quote:
Originally Posted by nohnoh View Post
They sent me the email at around 130 transactions. They usually send it way before 200. They haven't sent you one yet?

When you register for a EIN, do you just pay the flat fee and thats it? Lets say you send up making 30k, how would you pay taxes on that amount with a EIN?
wait do they send you the email for reaching that amount (200/$20,000) in a year or a month?
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