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Search: Posts Made By: Jingling2017
Forum: PayPal Talk 12-28-2017
Replies: 3
Views: 363
Posted By Jingling2017
Using the same Tax ID # for two paypals

Ok, first off I KNOW this is the last thing you want to do.

I have no choice.

I accidentally went over 20K received by a few hundred dollars. I can't have the tax ID on file get a 1099 since it...
The complete step-by-step guide to get back to selling today!

Forum: PayPal Talk 12-28-2017
Replies: 4
Views: 684
Posted By Jingling2017
Re: When is it okay to upgrade from personal to business account?

This....plus get your feet wet, there is a trial and error period and nothing runs as smoothly as you think all the time.

good luck
Forum: PayPal Talk 12-28-2017
Replies: 28
Views: 988
Posted By Jingling2017
Re: How do returns/refund work with 20K annually?

OK, so I am probably screwed. Cheap stuff usually use an atm card tied to a bank or credit.

I didn't get any echecks so I know that won't help.

What are instant bank payments? Never heard...
Forum: PayPal Talk 12-28-2017
Replies: 28
Views: 988
Posted By Jingling2017
Re: How do returns/refund work with 20K annually?

With 400+ transactions and only 500 over the 20K, there might be a good chance I don't get a 1099 if what you say is true.

What about VISA debit cards that are linked to a bank, are they treated...
Forum: PayPal Talk 12-28-2017
Replies: 28
Views: 988
Posted By Jingling2017
Re: How do returns/refund work with 20K annually?

So it is too late, if I refund the customers from today for example.....to keep it under 20,000?

A 1099 will already be generated?

Not worried about paying taxes on it, I do not want a 1099...
Forum: PayPal Talk 12-28-2017
Replies: 28
Views: 988
Posted By Jingling2017
How do returns/refund work with 20K annually?

So my question:

If it says you received $20,000 for 2017

and you have $2,000 in refunds.

Will a 1099 be generated since you have only received 18,000 total?

Thanks,
Eric
Forum: PayPal Talk 12-03-2017
Replies: 2
Views: 486
Posted By Jingling2017
Re: entering in 4 digit social security

Thanks for the response.

Problem is every time I add an EIN they want all sorts of docs.

products sold in 2016 with zero issues for 10 years now are banned in 2017.
Forum: PayPal Talk 12-03-2017
Replies: 2
Views: 486
Posted By Jingling2017
entering in 4 digit social security

I read that some people just enter in any 4 digit code and don't have any problem.

I am not close to 20K and the year is almost up, I just want to know experience of entering any number and...
Forum: Paypal Limited 12-01-2017
Replies: 3
Views: 477
Posted By Jingling2017
Re: Limited when upgrade personal to business pp

Guys thanks for the advice!

Do you know how long before I won't be able to transfer money and forced to add an EIN or SS?
Forum: Paypal Limited 12-01-2017
Replies: 3
Views: 477
Posted By Jingling2017
Limited when upgrade personal to business pp

So I have a stealth account with $6K in sales for the year.

I received a message today for me to add ss or upgrade to business, so the account is not limited yet.

I can get a new LLC tax ID and...
Forum: PayPal Talk 11-30-2017
Replies: 2
Views: 367
Posted By Jingling2017
Re: help the dummy Personal >> Business acct

Yes, I meant not anywhere close to 20K.

Thanks for you help.
Forum: PayPal Talk 11-30-2017
Replies: 2
Views: 367
Posted By Jingling2017
help the dummy Personal >> Business acct

So I have a stealth account with $6K in sales for the year.

I received a message today for me to add ss or upgrade to business, so the account is not limited yet.

I can get a new LLC tax ID and...
Forum: PayPal Talk 07-24-2017
Replies: 26
Views: 1,439
Posted By Jingling2017
Re: Need to eliminate or speed up PayPal funds release

Any way to pin this thread as a sticky for the valued info within?
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

I checked the last 3 years on the paypal account and it only received $7K total. Yes, I agree you can't recycle an EIN number on another account so the LLC would have to be new and change the...
Forum: PayPal Talk 07-21-2017
Replies: 32
Views: 1,138
Posted By Jingling2017
Re: What Items Can I Buy?

I think he is asking the condition of the product as new
Forum: PayPal Talk 07-21-2017
Replies: 27
Views: 1,562
Posted By Jingling2017
Re: Urgent INFORMATION About PayPal Limition

I am still looking for the earth shattering urgent info?
Forum: PayPal Talk 07-21-2017
Replies: 32
Views: 1,138
Posted By Jingling2017
Re: What Items Can I Buy?

Having 20+ stealth accounts this year, I can tell you something is very wrong. I have a dedicated IP address for each one and real banks.
Forum: PayPal Talk 07-21-2017
Replies: 32
Views: 1,138
Posted By Jingling2017
Re: What Items Can I Buy?

Hey buddy I wish you the best!

However I am very confused on what is going on here....you transfer $30 to a real bank in the USA and they ask for docs?
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

Yes, they want to see your schedule C and probably could care less about your 1099 most of the time, some lenders for commercial want to tie the sales to the income statement is my understanding so...
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

This is my first year not getting a 1099.

Commercial loan will most likely require it.


When I put the LLC name in paypal, include the LLC at the end or it doesnt matter that specific?
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

I agree 100%. I won't wait until tomorrow to remove the one EIN and get a new one up there.

1) Get an new LLC under my SS# and my business name.

2) Update the paypal to have the new LLC EIN....
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

OK....So I get a new EIN for an LLC under my SS in a business name then update that name in paypal then update the EIN in paypal?

Wouldn't make any sense waiting another day since if it was...
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

I have no problem making this as legal and under the radar as humanly possible. So I understand if I add an LLC under my name, update and put the business name on the paypal and LLC the same I...
Forum: PayPal Talk 07-21-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

Ok thanks for the responses......what if I removed the EIN and added another in the same name the business is under the stealth account?

Also, if I am under 20K, which the account currently is...
Forum: PayPal Talk 07-20-2017
Replies: 29
Views: 1,978
Posted By Jingling2017
Re: Going over 20K on a stealth acct w/ stealth EIN

How is it different from what people do with adding a tax ID and running 50K through it and then getting a letter from the IRS that the name on the account and paypal don't match?
Showing results 1 to 25 of 122

 

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