1099-K -Tax Season-Advice Needed

elane · #1 01-28-2014

Helo Guys,

I was wondering if you can shed some light on the 1099K and Tax Issues:-

1) How would you deal with 1099K sent to stealth paypal account with no SSN,TIN or EIN attached and account already limited?
I got one with stealth name,address and xxxx-0000 as the SSN ,since i never gave them SSN,TIN or EIN.

Should i just ignore it?

jeffweico · #2 01-29-2014

The account sold over $20,000 and 200 transactions? This is the first I have heard of PayPal allowing an account to hit that mark without an SSN or EIN attached.

unkown5454 · #3 01-29-2014

Has been mentioned once or twice before, but a very long time ago and then I have never seen it mentioned on here again.

Futuremogul888 · #4 01-29-2014

Don't ignore it!!!! Report it in your total income. The IRS is amazing beyond your wildest fantasies of tracking income to you and they are equally as unforgiving.

elane · #5 01-29-2014

how can income be reported if using stealth name,address and no SSN on the 1099K?????????

GreenBean · #6 01-29-2014

Quote:

Originally Posted by elane

how can income be reported if using stealth name,address and no SSN on the 1099K?????????

Please do not tell me you have failed to do a single thing about your taxes?

It is widely stated on this forum to ensure taxes are sorted.

Go get professional help and deal with the issue.