Hey guys,
So had questions about this, (*BEFORE* I Learned about stealth...)
Back in 2017 I had 7+ accounts with my Social because went over 200 sold but I had my real address, so I received 7 1099's from Paypal.. all went smoothly paid my taxes..
Now that ive learned about Stealth.. Say you have solid accounts and time comes PP asks you to add your social,
Account 1 Paypal hits 200 Sold you Add your SSN to the account,
Account 2 - comes time to add a Social/EIN number, you add the social,
Acc 3 Etc...
Acc 4 Etc...
Will Accounts become linked by the Social?
Whats the Downfall of Adding SSN instead of Doing an LLC?
As Stealthbook says should turn into a Business acc *Before PP asks @ 180/200,
-Can only get one EIN # if do Sole proprietor,
and LLC can make multiple,
So Question is, Since their stealth accounts with total different addresses (Around) the
VPN im using, if they do mail the 1099 then that random address.. will recieve the 1099 to their house but itll have my name on it so theyll have my info... or if theres a paperless can choose on Paypal because last year I just downloaded the 1099 off paypal and printed it out.
Any Input helps! thank you guys