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  #1  
Old 12-09-2016
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Default Please submit TAX info question

I've received email from PayPal
Dear XXXXXXX
To comply with the Internal Revenue Service's (IRS) rules, we ask that you
submit your Tax ID number to us as soon as possible. Your Tax ID number is
one of these:

- Your Social Security Number (SSN)
- Your Individual Tax Identification Number (ITIN)
- Your Employer Identification Number (EIN)

We are required to obtain tax ID numbers from all online sellers who
receive payments for goods or services through PayPal. If you do not
provide us with your Tax ID number, your account access will be limited,
and you will be unable to request or receive money. After you provide us
your Tax ID number, your account will be fully functional.

Here's how to submit your Tax ID number:

1. Log in to your PayPal account.

2. A message will appear asking you to update your information.

3. Click Provide Now and follow the instructions.

If you have multiple PayPal accounts, repeat these steps for each account.

We'll use your Tax ID number to send tax Form 1099-K to you and the IRS
when the payments you receive meet the 1099-K reporting thresholds for the
calendar year. For more information, please see our FAQs on the IRS
reporting requirements: www.paypal.com/irs.

We appreciate your help in complying with these IRS rules.

Sincerely,
PayPal



It is the first I received that type of email
My sales are 150/ $5000 approx
Can I stop my sales in this year and start selling in the next 2017?
Will this reset this request?
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  #2  
Old 12-11-2016
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Default Re: Please submit TAX info question

guys and ladies what do u think?
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  #3  
Old 12-15-2016
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Default Re: Please submit TAX info question

Bump! 2short
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  #4  
Old 12-16-2016
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Default Re: Please submit TAX info question

Bump! none knows????
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Old 12-17-2016
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Default Re: Please submit TAX info question

Bump! 2short
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Old 12-21-2016
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Default Re: Please submit TAX info question

I don't know about all the stealth account stuff but if you do under 20,000 and 100 transactions ebay doesn't report it but that doesn't mean you shouldn't. I don't know how to get pass that stuff with stealth as I don't need a stealth account yet
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  #7  
Old 12-24-2016
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Default Re: Please submit TAX info question

so will be the request of the SSN be cancelled on the next year?
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  #8  
Old 12-24-2016
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Default Re: Please submit TAX info question

its $20,000 and 200 not 100

It will be cancelled but you will be scrutinized for it more often than not moving forward.
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Old 12-26-2016
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Default Re: Please submit TAX info question

They can request it if they feel you are on track to make the $20,000/200 based on your average monthly sales. That's what I was told anyway.
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  #10  
Old 12-31-2016
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Default Re: Please submit TAX info question

so what's my option if I'm not US citizen? I don't want to spread sales of diff. accs coz this acc is Top Rated (yeah that's so cool). I really want to stick with it.... So can I purchase EIN or anything like that?
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  #11  
Old 12-31-2016
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Default Re: Please submit TAX info question

Yes I believe you need to purchase an EIN and upgrade your account to a business account. Then the limits are removed on how much you can sell throughout the year.
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