Donate to your paypal through twitch

[Izumikazekage]

So I had an issue with having too many bank accounts linked to my name (having different bank accounts linked to different stealth accounts) so now ive decided to donate through my stealth accounts to my new made twitch account which has my official paypal account with my real info so i can gather all the money to 1 account and withdraw all from there.

My question is, when i account this for taxes, will this give me issues? can they see where the money comes from to my paypal or can they only see the total amounts of money i withdraw to my bank account?

Is this even a good strat? i lose close to nothing to donate to my own account so thats not the issue, just tryin to understand if this can cause issues when i pay my taxes

[slokor]

Keep doing these 'donations' and a pattern will emerge. All related accounts will get linked and limited.
Never treat paypal as if theyre stupid. Theyre not.

[Izumikazekage]

Originally Posted by slokor

Keep doing these 'donations' and a pattern will emerge. All related accounts will get linked and limited.
Never treat paypal as if theyre stupid. Theyre not.

What is ur suggestions? what would be better

Originally Posted by Izumikazekage

What is ur suggestions? what would be better

unfortunately there is no easy solution to stealthily getting funds out without creating a pattern. the oldest way is still the best way, using bank accounts

is there a reason you cant make more accounts?

[rsot]

@OP, slokor and Speeder33 have stated the truths about linking and donation issues.

"So I had an issue with having too many bank accounts linked to my name (having different bank accounts linked to different stealth accounts)" - is this issue at the bank level? Have you been causing troubles with your banks?

[sax4]

Recipe for disaster, one day you may wake up and all are limited.

[Izumikazekage]

Originally Posted by rsot

@OP, slokor and Speeder33 have stated the truths about linking and donation issues.

"So I had an issue with having too many bank accounts linked to my name (having different bank accounts linked to different stealth accounts)" - is this issue at the bank level? Have you been causing troubles with your banks?

No i dont have any issues but i just thought having 10 different bank accounts for 10 different paypals would raise concerns and maybe tax issues. But i guess thats what ill do since ill have to register a company and pay my taxes soon enough since im startin to earn quite a bit

[rsot]

Originally Posted by Izumikazekage

No i dont have any issues but i just thought having 10 different bank accounts for 10 different paypals would raise concerns and maybe tax issues. But i guess thats what ill do since ill have to register a company and pay my taxes soon enough since im startin to earn quite a bit

If you spread the accounts out, it's not really an issue. If you are making quite a bit, it's probably worth getting business accounts at the bank and paying a bit of fees (if applicable) since that's what those accounts are for

[Izumikazekage]

Originally Posted by rsot

If you spread the accounts out, it's not really an issue. If you are making quite a bit, it's probably worth getting business accounts at the bank and paying a bit of fees (if applicable) since that's what those accounts are for

You mean having different banks with multiple accounts?

Like Bank A has 4 accoutns bank B has 4 accounts etc?

[raAlfa]

That is actual a nice idea, I think you can even use 3rd party "donation" sites, which dont use your own Paypal.

[Izumikazekage]

Originally Posted by raAlfa

That is actual a nice idea, I think you can even use 3rd party "donation" sites, which dont use your own Paypal.

Yeah! it doesnt have to be paypal. Isnt that smart?

[rsot]

Originally Posted by raAlfa

That is actual a nice idea, I think you can even use 3rd party "donation" sites, which dont use your own Paypal.

3rd party "donation" sites - doesn't seem like a viable longterm plan though