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-   -   Is it possible to form a DBA then get an EIN and reamin PayPal stealth? (https://www.aspkin.com/forums/subscriber-discussions/43218-possible-form-dba-then-get-ein-reamin-paypal-stealth.html)

JJGold 02-28-2012 09:43 AM

Is it possible to form a DBA then get an EIN and reamin PayPal stealth?
 
I miscalculated my YTD gross sales ($27,000 vs my target of < $20,000) on a stealth account and PayPal has limited the account until I supply them with a SS# or EIN. Is it possible to form a DBA in the name of the account and then apply for a EIN to give to PayPal and still remain stealth? PayPal's happy and the IRS is happy, sounds like a win win.

Why I make things so difficult for myself I'll never know.

Any help or input would be appreciated.

accutinting 02-29-2012 04:04 AM

yes you can apply for the dba name thats on the account but that requires your real information. I personally wouldnt mess with this because your paypal name will not match the name that created the dba. I believe thats the main problem here but wait to see what others say


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