epimetheus039 | 10-12-2015 07:20 PM | Re: Use a new paypal account to avoid tax When you reach that 200/20k mark you will start getting messages to update your Paypal account with SSN/EIN and on a 3rd notice, your account will get limited (if you stop selling or even prior to all notices). Even if you reattach a new Paypal, it will only be a matter of time before they do a verification on both Paypals (safety mesaures since you switched your PP to another but left eBay the same); it could be considered as avoiding the taxation hence the verification will be done and during that process you may get permanently limited REGARDLESS if you provide all the necessary documents and what not.
So, what you are suggesting is in long-term will be a failure. Also Paypal may start requesting SSN/EIN based on projected sales, so if you hit over 200 transactions OR start hitting high sales in 2 months, you will receive a request for those documents. |