IRS Reporting
almaribeats
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Posted on
Jul-01-2019
11:08 PM
I have two businesses that I operate and each of them has their individual business accounts both linked to my ssn but different emails.
My question is that with the 20k/200 transaction threshold for IRS reporting is would my transactions combined under my ssn or are both accounts income/transactions hold separate from each other?
Example; business account #1 makes 10k in sales 100 transactions and so does business account #2. These accounts under my SSN (different emails|banks) total 20k and 200 transactions which is the threshold to receive a 1099. Would I receive a 1099 or no because the accounts are separate?
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PayPal_Randy
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Jul-03-2019
03:25 PM
Teslafan101
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Jul-24-2019
03:41 PM
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