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EIN vs SSN and Tax Returns

July 23, 2014 08:14PM
Hi All -

I have one MSC that I regularly shop for. They are one of my favorites. But they will not accept an EIN.

I have recently done my first shop for TS. Although their sign up procedure says you just don't get to self-assign without an EIN, their inital quiz has a question that suggests that you won't get paid without an EIN. Nice of them not to disclose any of this up front - NOT!

I can probably do a lot of business with TS as they seem to have a lot of projects that come up in my area - like 15 shops less than a mile away in the past week. So it is worth considering getting the EIN.

BUT - what happens at tax time if you have income under both the EIN and your SSN? Do you have to file two separate returns?


Thanks!
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More About Mystery Shopping Taxes
July 23, 2014 09:10PM
You do not have to file 2 seperate returns.

Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel

Poor customer service? Don't get mad; get video.
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July 24, 2014 03:40AM
You file a schedule C and use the EIN on the form. You put down all your IC income, does not matter if your 1099s come with EIN or SSN.

Not my circus - Not my monkeys @(*.*)@

~Polish Proverb~
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July 28, 2014 07:00AM
EIN is five minutes to get. And you file it on your regular return under a schedule C. With the fact that companies get breached in the data department it is one more level of safety for you.
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