Forum Moderators: buckworks
I am living in a country which is not covered by papal. I am losing sales having paypal account as many of my prospective clients do not like pay using credit card in my site. I have a 2cehckout.com account there.
Presently I have uesd one of my relative's paypal account to receive payment . He has said to me not to use his account any more as he may face serious problem if he is audited for tax related issue.
Could you suggest me what should I do?
What are the rules for tax in situation like that?
What my relative should do to help me in this regards
Please advise me.
best regards
What are the rules for tax in situation like that?
Pretty complex issues involved, and you didn't state what country you live in. If your relative is acting solely to accept payments for you, I doubt he could get into tax problems. But he 1) might be more likley to be audited; 2) might lose his PP account.
Not a very tidy arrangement all around. Might red flag you for an audit as well.
Could you help you giving some advice opening bank account at other countries where paypal works.
While searching a lot of company helps to open bank account in USA, they charge very high. It does not matter if I have good sales against it.
Are you sure If I have an account not residing there I can get a paypal account.
I will definetly go for opening a bank account to have a paypal account.