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-   -   Which is best for tax info request for multiple stealth accounts? (https://www.aspkin.com/forums/subscriber-discussions/46796-best-tax-info-request-multiple-stealth-accounts.html)

unknown_user 05-25-2012 09:20 PM

Which is best for tax info request for multiple stealth accounts?
 
yes i know this has been talked about but I did in fact reach my 200 item / 20k limit on all my stealth accounts. sucks when I have tons and all are stealth but what is a suggestion to do BESIDES making new accounts. Due to it now being 10 items or $500.00 which ever comes first really blows when you sell an item valued at 150.00 each (car parts etc)

sooo... I have 1 EIN.. however that will link all 10 accounts if added to all I assume...

I am not saying anything about avoiding taxes etc etc.. I just want to be able to sell again. I worry about my own taxes and trust me...I pay a pretty penny. :(

Can anyone forward me a link on the site or provide the best suggestion for this matter without having a fear of getting linked or having to provide a SSN since this is for stealth accounts? Just looking for the best proven method without handing over SSN or same info to various accounts to just have them all linked / banned.
:pry:

GreenBean 05-25-2012 10:13 PM

My frank opinion is you need to see a TAX PROFESSIONAL.

He would have the expertize to show you how to make all of the stealth you acceptable.

Sincerely, this is the heavy end of the tax scale.

You should be looking to create companies within a parent company.

I'm not au fait with US legislation to even suggest a link.:shhh:

unknown_user 05-25-2012 11:04 PM

thats what I was thinking I had to do but was uncertain due to multiple accounts and not wanting to link them all.

Sandy D 05-26-2012 10:19 AM

What is wrong with having multiple accounts?

I am running 22 right now and will run them until they hit what I feel is comfy and move onto the next batch.

GB is correct, you need to talk to an accountant and set up a DBA etc.

But you can also run multiple accounts.


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