PAYPAL asking for SS#, need to add funds

[korina]

So how they will report you to IRS without your SS?

[MM78]

Originally Posted by korina

But they have to send you and IRS a form to pay taxes ?

Only if you plan to reach or reach the 200/$20,000 threshold.

[korina]

What about Skrill?

[MM78]

Originally Posted by korina

What about Skrill?

Most likely the same situation, Ebay will most likely track your sales with Skrill and "MAY" want you to report taxes.

If you use PayPal you can sign up for an EIN and provide that to PayPal for tax purposes...OR you can spread your sales across many accounts so you don't ever hit the 200/$20K mark.

[korina]

So, I should open few PP accounts with a different names and no SS attached?

[MM78]

Originally Posted by korina

So, I should open few PP accounts with a different names and no SS attached?

1 Ebay to 1 PayPal...1:1 ratio always. Please remember that your not forced to enter an SSN on PayPal...it's not mandatory.

[korina]

Was mandatory for me, when PP stop accepting eBay payments and requested SS.

[MM78]

Originally Posted by korina

Was mandatory for me, when PP stop accepting eBay payments and requested SS.

What I meant is that it isn't mandatory when you open the account.....The idea for you now is to stay under the radar if possible. Like I said, you can go the EIN route as well but it's a bit more complicated BUT do-able and it's worked for a lot of sellers on this forum.

[korina]

Thank you.

[MM78]

Your Welcome and Good Luck!

[hodgesdavid684]

Originally Posted by vogeltron

If the bank account has mismatched names and you try to add funds to PayPal from the bank account they will see and immediately limit the account.

Then reloadable VCC is our best bet.