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Paypal requests SS# or Tax ID #
 

Paypal just asked for ss or tax ID#. Can I "quickly" get a tax Id# and submit that instead. Do you need SS# to apply for Tax ID#? Will Paypal figure out what I am doing being as it is taking me time to get Tax ID# to them? Thanks

You can do this, but of course a tax ID requires a real SSN. Cannnot play games with government.

Did you hit the 20k mark or are they asking for registration purposes?

You can easily get one but it will commit you to paying taxes on your profits and I dont mean just the 20k issue either. ANY profits.

You can file for this online with your real details and you can use it immediately according to the .gov site I did mine on.

According to people on this forum, Paypal CANNOT see the real name on the EIN number. You will have to choose a business name you plan on keeping and that name would probably need to be the new name on your upgraded paypal business account.

Before you do all that though we need to know if it is for the 20K irs reporting issue or just registration/limitation lifting.

Paypal just asked me for mine as well . Although I can still ship and withdraw money to my bank account. I'm only at 14-15k , Ive been keeping a close eye on it. I think im just going to get my EIN and form an llc. Has anyone else decided to just bit the bullet and go legit? =}

I mean legit with stealth :ninja:

paypal ss# request
 

A/c is 9 months old. Nowhere near 20k mark.

as kingray said...

is it the irs reporting issue or just registration/limitation lifting.

Legit is the way to go man. Its really easy to open everything up the right way, build up slow and be patient. The reward is months and months down the road when you have great account, great feedback and steady sales.

thanks for staying with me. My concern is Paypal. Right now they have not done anything.
It's been 4 days since they asked for SS#.
Someone responded with using "legit stealth"... How can stealth really be legit? My true name was kicked off Ebay years ago, Leaving me to not able use my name & SS# again.

You better believe it. .:thumb: (different country I know but same principles)
:pop2:

I think that what the post by "legit stealth" means is that you are legit with the government for tax purposes but still stealth with Ebay and Paypal. The IRS can not share any taxpayer information. If you get a EIN# from the IRS the only thing that Paypal can do is they will submit your business name and EIN# to the IRS to see if everything matches. It will be a simple yes or no answer. Once the IRS says everything matches to Paypal then they have satisfied the requirement from the government for gathering tax reporting information.

Thanks, I certainly would use correct info for EIN, but can only use "stealth" with ebay/paypal. How could the info possibly match? Or do they just compare new"business name" that I select when applying for EIN? Will Paypal allow me to update my account info with this new business EIN etc from the original personal account that I have now? Can I use same EIN for several stealth accounts.. (I imagine that will link in time) Remember that
Paypal has requested my SS# and I have not responded yet. How long can I go without responding?
Thanks all!

No dont use the same EIN for several accounts, that'll get you closed faster.

Just a recommendation, get a po box/ups or something of that effect, use your middle name for your last name. Get a prepaid VCC in your name. Get a d.b.a from your state, file for an EIN under that name.

Open up an eBay business account, then through eBay open up a PayPal account and then after verifying everything upgrade to a business account(after bank deposit etc) and then just have documents ready.

Build up really slow and you'll have a "legit" top rated account after 3-6 months, play it safe and start out buying random things you actually need, do searches for what you will sell, and once it does come time to sell make sure you sell in a very steady pace.

Also, if PayPal has requested SS for a non business account then your probably going down already. If its a business account, just call in and hope you get someone that woke up on the right side of the bed and let them know that you arent comfortable giving your SSN and would prefer to provide your EIN at moments notice. Just be reasonable and dont act suspicious(you shouldn't be doing anything wrong anyways, if you are then you will get whats coming)

If I get EIN and use it for Paypal, then how do I open up more than 1 Ebay/Paypal account (Can't use EIN more than once)

I guess one couldn't switch midway to another payment getaway other than
paypal?

I am pretty sure you can use whatever you want. Hell, Paymate or ProPay REQUIRE you to be a PowerSeller to even use their service.

No brand new account just lights right up as a PowerSeller.

how do I open more than one stealth Ebay/PP with EIN?
Or..
How do I open more than one Stealth Ebay/PP??

Would have to be multiple EIN I presume. It acts just like SSN. Can't have the same one on tons of accounts.

Doesn't the IRS only issue one EIN per person.

Yes exactly.

planes - Well there is ways to get more than one. But you have to have an LLC I believe, I'm not too sure. You should just do everything the right way and you shouldnt need another EIN.

Will paypal actually accept an EIN or will they later on require a SSN as well?

Then BOOM! Your limited for no reason. Some a-hole reported your listing for no good reason or something to that effect and ebay doesnt care cause you dont mean anything to them. Pipe dream man. So many legit sellers here did the right thing, followed all the rules and still got screwed over. If you think your invincible then you already made mistake #1

From this message on the IRS EIN page:

And this IRS definition of a "responsible party:"

It looks like you can get 5 EIN's a day if you wanted.

I don't know if there are limits to how many EIN's a Sole Proprietorship can have. I did find on the IRS website that you don't need a new EIN for every business you own as a sole proprietorship, but it didn't say if you can't get one. This was also on the IRS webpage about LLC's:

Note: All I know about small business tax law is what I've read on the IRS website the past few days. Don't hold any of this info as infallible!

Ss# ein
 

I've read and read both forums and stealth guide.
Other than using family/friends SS#'s, I don't see how one could have multiple accounts if going the EIN way. I don't want to tamper with other's SS#'s.

Bottom line..How can I have mulitiple ebay/paypal accounts and be able to back them up when asked for EIN#'s?

Thanks to ALL

You cant. These guys are using EIN's as an easy way to get by. They have no idea of what all is involved with getting one and using it correctly.

Getting on is very easy but I can assure you that you will be reporting taxes from that day on. Regardless of the paypal 20k issue.

dont play around with the EIN's as some of yoiu seem to think you can do. Its not for games. once you get an ein you are a business and have to act like one.

Be prepared folks

Ein
 

thanks! Very helpful!
What do you suggest?
I have 3 established stealth accounts, One account has my
daughter's SS# attached to Paypal. (after they requested SS#)
I have 2 other accounts..I can't give them my SS# because it will link to suspended account.
Secondly, I STILL am not sure how to continue opening other accounts...
Thanks again for whatever you can offer.

- Is this a full time venture of just on the side?

- I would dump the account with the daughters SSN for selling so you dont hit 20k on it. That will cause a mess you dont want to deal with. I would just buy with that account. There is just too much that can go wrong doing that with a kids number. You can do it with no problems but problems find you sometimes.

- did the 2 other accounts ask for ssn yet? if so decide how serious you want to make selling on ebay and if so get the EIN and post that. once you do, as said above you are a business and will have to treat it as one. The IRS will be.

- Opening more accounts is easy to do but depending on what you are using for information to paypal/ebay it will trigger the SSN request. Me personally have NEVER been asked for that info so look deeper into what and how you are using the information given to them. Is it too similar to what you have used before, etc?

Why would you use your daughter's SSN? That's pretty irresponsible and illegal.
If you care at all about her, drop it immediately. What if she wants to be on Paypal one day. Or what if you screw up which is highly likely by the way you are doing things and she has a Paypal bill on her record when she goes to buy her first car or wants a student loan or a credit card to help get her through school.
You shouldn't even be on eBay if that's how you do things.

Sorry for the rant but this type of moronic action deserves it.

they did this becase it says you can in the stealth guide :doh:

Just relax. You are getting off topic anyway. He is aware of its now and its up to him what he wants to do. Our opinion isnt his problem. Just going on and on isnt going anywhere.

What KingRay said... It is NONE OF YOUR BUSINESS!!

If he/she wants to do that, it is perfectly fine.

Do us a favor and as said above, CALM DOWN, and KEEP OUT OF OTHER PEOPLES BUSINESS!!!

How is having an EIN unethical and illegal? :suspicious: :doh:

Dont worry about it, They know Nothing about LLC's and EIN's or they would not have said that. They are just whining about the use of a childs SSN.

Not recommended but if you want to put food on the table you have to do what you have to do.

Try to avoid at all costs though.

:) I'm sorry I prolonged the madness!

Is it true that Paypal/Ebay will not report to IRS if sales are less than 20K? Or am I dreaming?

It's true :).

I had aprox. 60k sales this year, but under 200 transactions :)

You are required report it all. over 20k/200 transactions they are required to. The just sent the irs the same information as if you were getting interested on a bank account. Either way you have to report it.