http://www.bidawiz.com/blog/small-business/tax-reporting/what-do-ebay-sellers-need-to-know-about-the-new-1099-k-form/ Trusted Answers From Licensed Business Professionals Tue, 07 Apr 2015 00:38:25 +0000 http://wordpress.org/?v=2.8.5 hourly 1 http://www.bidawiz.com/blog/small-business/tax-reporting/what-do-ebay-sellers-need-to-know-about-the-new-1099-k-form/comment-page-1/#comment-14420 The BIDaWIZ Team Thu, 29 Sep 2011 12:23:54 +0000 http://www.bidawiz.com/blog/?p=3711#comment-14420 Hi Joe - The type of business entity you may form will depend on many factors and to make a recommendation we would need much more information about your business. Typically, it is better to use an EIN but what identification number you can provide on the new Form 1099-K will depend on your entity (i.e. disregarded, partnership, corp). If you go to page 4 of the W-9 form instructions you will see the guidelines for which identification number (social security or EIN) you can provide based on your entity type. We hope this information helps. If you have more specific questions, please submit your question to our tax professionals - http://www.bidawiz.com/ Hi Joe – The type of business entity you may form will depend on many factors and to make a recommendation we would need much more information about your business. Typically, it is better to use an EIN but what identification number you can provide on the new Form 1099-K will depend on your entity (i.e. disregarded, partnership, corp). If you go to page 4 of the W-9 form instructions you will see the guidelines for which identification number (social security or EIN) you can provide based on your entity type. We hope this information helps. If you have more specific questions, please submit your question to our tax professionals – http://www.bidawiz.com/

]]> http://www.bidawiz.com/blog/small-business/tax-reporting/what-do-ebay-sellers-need-to-know-about-the-new-1099-k-form/comment-page-1/#comment-14406 JOE Thu, 29 Sep 2011 02:57:58 +0000 http://www.bidawiz.com/blog/?p=3711#comment-14406 What type of business do i need to get if i receive a 1099-k,is it better if i use an EIN or my social security number? What type of business do i need to get if i receive a 1099-k,is it better if i use an EIN or my social security number?

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