Hello! A newbie and looking for some guidance here.
I have a LLC with a EIN registered in GA. Moved to MA last year and updated my address on PayPal. PayPal sent the 1099K with the EIN to MA instead of GA. The issue is that the LLC / EIN isn’t registered in MA and I plan to here only for a year or so, so trying to avoid the headache of registering the LLC temporarily.
I’m trying to understand the impact of this situation.
- Would MA have a problem receiving a 1099k for an EIN and LLC not registered in the state ?
- Is there any problem in showing the 1099K income in my MA tax returns ?
- What is the impact of not registering the LLC and EIN with the state ?
- If the above is a problem, is it safer to have PayPal issue the 1099k against my SSN in MA instead of the EIN?
thank you in advance!
