Tax ID
Guys, this is what they sent me. I only sell sports jerseys and in no way have I made even 2 thousand last year. I may have sold 200 jerseys but not this year. Also, the paypal account was purchased from this forum. Any help would be much appreciated..By the way, its a personal account.
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 and services
- 200 payments
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, please see our FAQs on the IRS reporting requirements: www.paypal.com/irs
Last edited by RRonald; 08-07-2011 at 12:27 AM.
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