I opened a IRS TAX ID and now I want to close
Hey guys! Last year I was still in good eBay standing and read all about the new IRS report by paypal. So I decided to open a business name and tax ID with the IRS in january but but my paypal account was banned and limited in end of JUNE 2011. I did not hit the requirement (20K&200sales) so my question is, should I still report or just close down my TAX ID with the IRS? If I should cancel, how do I go about doing it? Would appreciate your feedback guys ! thanks!
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