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Originally Posted by raceroyce
(Post 21063713)
lad2- yah i read all that, but that doesnt answer my question. that is for a 1099k which was made because too much online retailers don't report all their earnings, so the irs is making the 3rd party companies like amazon report it. you are still supposed to file a 1099 misc. from my understanding you report any income coming in. if the income is more than $600 you get taxed. If the profits are more than $400 you get taxed. if it is less than that you dont get taxed but still have to report it.
so if the 1099k supersedes the 1099 misc for online income, i would be a very happy person. then i wouldn't have to pay taxes until i make $20,000 |
jartr4- what do you mean do i know what income is? when sending money to someone with amazon payments you have to choose goods or services to get the miles. that person is providing a good or service which is considered a business and therefore generating income from what ever they are providing. please explain your statement so i know exactly what your are asking or clarify what you think income is.
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Originally Posted by raceroyce
(Post 21064401)
jartr4- what do you mean do i know what income is? when sending money to someone with amazon payments you have to choose goods or services to get the miles. that person is providing a good or service which is considered a business and therefore generating income (or loss?) from what ever they are providing. please explain your statement so i know exactly what your are asking or clarify what you think income is.
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prasha11- hahaha i never thought of that, i was more so thinking along the lines of using your siblings, parents, or others who don't file jointly.
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Originally Posted by raceroyce
(Post 21065172)
prasha11- hahaha i never thought of that, i was more so thinking along the lines of using your siblings, parents, or others who don't file jointly.
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Originally Posted by ma91pmh
(Post 21063905)
My mistake above (which I have edited). If it's the same account, that is a known risk. But it really is very easy to just open a second account for draining the second AP account
Cheers, PedroNY |
what would be the safest way to have a 2nd AP account.. like most here, we are also doing Husband(A) to Wife (B) and Wife(B) withdraw to (AB) joint bank account.
Account (A) is just CC only Account (B) is just bank account no CC But now we need wife(B) to add CC to meet min spending. We only have a Joint account.. Went I try to open another AP account (C), I notice it request for SSN again., would they notice two AP account with the same SSN#, address, Name? Not adding bank info yet. damn recent Bold 60K sign up got both Husband and Wife.. now we need to meet $10k in 3 months.. lol husband (A) $3k to wife(B) np. but Wife(B) to ??? |
Originally Posted by tdrag97
(Post 21070158)
what would be the safest way to have a 2nd AP account.. like most here, we are also doing Husband(A) to Wife (B) and Wife(B) withdraw to (AB) joint bank account.
Account (A) is just CC only Account (B) is just bank account no CC But now we need wife(B) to add CC to meet min spending. We only have a Joint account.. Went I try to open another AP account (C), I notice it request for SSN again., would they notice two AP account with the same SSN#, address, Name? Not adding bank info yet. damn recent Bold 60K sign up got both Husband and Wife.. now we need to meet $10k in 3 months.. lol husband (A) $3k to wife(B) np. but Wife(B) to ??? No need to included family members. I literally take 3-5 minutes to send all 3 payments and 3 withdrawals to bank accounts on the 1st of each month. I thought about doing a wiki but do not want the info just copied, pasted, and blasted more by blogs. Good luck with things! |
see pm for quick clarifying question
Originally Posted by Astrophsx
(Post 21070922)
Do a search for my posts within this thread. I've detailed a set up that I've been running for 2+ years. I have no idea if anything new is in place to screen new accounts, but I have 3 accounts that I sent $1k payments to. All accounts have the exact same information except each has a unique email and bank account. YES, everything else that you may ask is the same on each account. I don't break up payments anymore. I do $3k a month.
No need to included family members. I literally take 3-5 minutes to send all 3 payments and 3 withdrawals to bank accounts on the 1st of each month. I thought about doing a wiki but do not want the info just copied, pasted, and blasted more by blogs. Good luck with things! |
Originally Posted by Astrophsx
(Post 20277734)
For future reference. If you are going to post about getting shut down, detail the method used. Posting that you got shut down for multiple accounts does very little to further the discussion or help other members.
The "safe" number has always been three accounts with unique email addresses and unique bank accounts. At one point in time in the very beginning there was an email sent out stating that there could only be three accounts per household. YES, there may be people doing more than this... I don't work for Amazon so I have no idea what they do to flag accounts or if signing up for three accounts in one day will raise red flags. This is anecdotal evidence from someone who has worked this deal from day one. Splitting up payments, changing credit cards, etc... has done nothing but add time. There is no evidence that it helps prevent you getting flagged. I use the same credit card and max out all three account (that all have the same SS#) each month. Playing it "safe" would be to stick in line with that, anything beyond that... or people trying to get back in the game after being frozen out is YMMV. Hope this helps anyone out there thinking about doing this or is currently doing it. Don't over complicate things, don't get your brother's dog involved, I spend 5 minutes the 1st of each month on AZ payments, wait a few days.. pay off my credit card. Easy as that. Feel free to PM me any questions if you have any "basic" questions. I will not be able to tell you how to go beyond 3 accounts. I only know from my own experience. I want to help other members so that they do not make mistakes making this more complicated than it should be. I also am a strong believer that you should not pull anyone into this deal as it is not necessary from my experience. I've also had no experience having my account frozen or "fanged" so I can't help you there. Hi Astrophsx, this is the close to any detail i can find from your older post. So you have 3 account A, B , and C all with same SSN#, same address, same data, but different email, different bank account. Can you give detail as to which is transfer to which and which is being transfer to bank? and are you still able to keep it under $20k/year to avoid the amazon 1099? and is these the only transaction you are doing in AP? I'm guess you are doing??? - A (CC) to B = B transfer to bank2 - B (CC) to C = C transfer to bank3 - C (CC) to A = A transfer to Bank1 right now I only have two account -A (my CC) to B (wife) = B transfer to bank1 (AB joint checking account) want to also do - B (wife CC) to A = A transfer to bank2 ( AB joint saving account) - C (my CC) to B(wife) - B transfer to bank3 (B different checking account) ---- would this be flag? would this also cause B(wife) AP account to be over $20k/year. or would wife have to open a different AP account ( D (wife)) |
Originally Posted by tdrag97
(Post 21072866)
Hi Astrophsx, this is the close to any detail i can find from your older post.
So you have 3 account A, B , and C all with same SSN#, same address, same data, but different email, different bank account. Can you give detail as to which is transfer to which and which is being transfer to bank? and are you still able to keep it under $20k/year to avoid the amazon 1099? and is these the only transaction you are doing in AP? I'm guess you are doing??? - A (CC) to B = B transfer to bank2 - B (CC) to C = C transfer to bank3 - C (CC) to A = A transfer to Bank1 right now I only have two account -A (my CC) to B (wife) = B transfer to bank1 (AB joint checking account) want to also do - B (wife CC) to A = A transfer to bank2 ( AB joint saving account) - C (my CC) to B(wife) - B transfer to bank3 (B different checking account) ---- would this be flag? would this also cause B(wife) AP account to be over $20k/year. or would wife have to open a different AP account ( D (wife)) Each account has a unique bank account (which stems from back in the mint days when I needed multiple chains of banks to unload coins). I believe the 1099 also needs a minimum of 200 transactions, but I'm not an expert on this. I've been doing AZ payments since the days of the mint and have had no trouble with a 1099. |
Ah, the good old days when heavy metal was music to our ears.:p My hundreds of email accounts and dozens of bank accounts served me well then and continue to serve me well to this day. Infrastructure planning is a good thing to practice.:cool:
Be aware that in the jungle there are no hard and fast rules. At one time I operated 37 accounts, each with its own address but many sharing cards via discrete AMEX or Citi Virtual numbers. Many fed the same bank accounts. Then the Bezos tribe of headhunters came and made off with the money of one account claiming their forest god had declared I had opened a duplicate account. From that day forward some accounts would work, some would not, leaving the distinct impression that internal controls were all honked up in the jungle and that account reviews were manual. Throughout multiple account suspensions money was still being processed but it became an everyday guessing game of what accounts would work and what accounts would not. In the end I wound down the operation to a more manageable number of accounts. So I have lived in the jungle, died in the jungle and returned as the undead. I am really not sure that the Bezos tribe knows what to make of me, but they have given up on trying to shut me down and have returned my cash. Should they erect a statue of me and start bowing to it and presenting offerings, I'll let you know.
Originally Posted by Astrophsx
(Post 21072917)
Each account has a unique bank account (which stems from back in the mint days when I needed multiple chains of banks to unload coins).
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guess not much are giving details?
another question is if you have 3 AP, do you use 3 different CC to do 1k on ea.. or One CC for 3K total on it.? 2nd is can i use my wife CC under her name to add to my AP to pay to her AP? |
Originally Posted by tdrag97
(Post 21081661)
guess not much are giving details?
another question is if you have 3 AP, do you use 3 different CC to do 1k on ea.. or One CC for 3K total on it.? 2nd is can i use my wife CC under her name to add to my AP to pay to her AP? This has been answered by Astrophsx not long ago but let me state one more time. Stick to different credit cards for different accounts. Answer to your 2nd question is that you can try it and it might work but why take a chance. Keep each account unique as has been suggested by Astrophsx, ADK and others. |
Originally Posted by takhliq1
(Post 21081882)
Stick to different credit cards for different accounts.
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