![]() |
|
|||||||
|
![]() |
|
|
LinkBack | Thread Tools | Display Modes |
|
|||
|
Paypal is Asking for a Tax ID Number.
Is it required? Message We're asking for your tax ID number due to new IRS rules. Your tax ID number is one of these: - Your Social Security number - Your Individual Tax Identification Number - Your Employer Identification Number We'll use your tax ID number to send tax Form 1099-K to you and the IRS when the payments you receive exceed both of these milestones in a calendar year: - $20,000 in gross payment volume for goods or services - 200 payments for goods or services We want to help you continue to sell with PayPal and to avoid any interruption to your account. It's easy — here's how: 1. Log in to your PayPal account. 2. A message will appear asking you to update your information. 3. Click Provide Now. If you have multiple PayPal accounts, repeat these steps for each account. We appreciate your help in complying with these IRS rules. For more information, see our FAQs on the IRS reporting requirements: www.paypal.com/irs Sincerely, PayPal |
|
|||
|
you need to provide that stuff to everyone nowadays
|
|
|||
|
Recently, PayPal has been doing a big push to get many small time sellers who are well under these limits to hand over their SSN or TIN number. I've received these on various accounts within the past year, just as long as you don't hit 20K in sales and 200 transactions per year, you should be able to safely ignore this warning.
|
![]() |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|