Paypal Tax ID request question - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Closed Thread
 
Thread Tools
  #1  
Old 08-22-2011
Junior Member
 
Join Date: Aug 2011
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 73%
iTrader: (0)
Cool Paypal Tax ID request question

Hey guys,

I do not do any selling on ebay...only on my personal site....

I had a paypal account in my real name shut down indefinately about 3 years ago or so...

So about a year and a half ago I made a paypal account using a ****name, but with the same address(and by a stroke of luck got them to remove the limitation when a flag came up about my address being the same as before) and then did the whole business verified thing...so I have a business verified account with a ⊗⊗⊗⊗ personal name...

I recently got the request for a TAX ID because the new IRS rules and such and here's the dilemma...

I have a EIN number as a Sole Prop that is in the Same Business name and address that match my business name and address on my paypal business verified account...

Problem is my personal name on paypal is ****....

So my question is this....THE IRS told me that they do not release my personal name attached to that EIN to anybody including paypal...

So would I just be ok entering my EIN into Paypal and since the business names and addresses between the IRS and paypal match up that it would be ok?

Or will having that ⊗⊗⊗⊗ name on my paypal account cause problems when paypal reports income to the IRS? Will they send my F*** personal name to the IRS instead of just filing it under my business name and EIN which match up?

Any ideas on what to do?
The Following User Says Thank You to mikey432 For This Useful Post:
madmuppet303 (08-22-2011)
The complete step-by-step guide to get back to selling today!

  #2  
Old 08-22-2011
Senior Member
 
Join Date: Feb 2011
Posts: 560
Thanks: 1
Thanked 7 Times in 4 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Default

entering your EIN is your only option (as was for me), so you need to do this if you want to keep your current paypal. if not then you will create another paypal and keep going through this hassle. Whatever name/address/ss# you used to create your EIN, will be where they send the paperwork, etc., so that is what you will use to file your taxes. I just did this about a month ago, so I am kinda new at this as well.
  #3  
Old 08-22-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2011
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Anyone with any knowledge on this?
  #4  
Old 08-22-2011
KingRay's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 1,484
Thanks: 173
Thanked 264 Times in 203 Posts
Activity: 0%
Longevity: 91%
iTrader: (0)
Default

All paypal will report is your sales under your EIN # and business name. The name of the user means nothing to the IRS> THey have the SSN of who obtained the EIN in their system. You are fine. That is how its done on all my accounts
__________________
KingRay
The Following 2 Users Say Thank You to KingRay For This Useful Post:
madmuppet303 (08-22-2011), secret storm (01-11-2014)
  #5  
Old 08-22-2011
Senior Member
 
Join Date: Feb 2011
Posts: 560
Thanks: 1
Thanked 7 Times in 4 Posts
Activity: 0%
Longevity: 76%
iTrader: (0)
Default

Quote:
Originally Posted by KingRay View Post
All paypal will report is your sales under your EIN # and business name. The name of the user means nothing to the IRS> THey have the SSN of who obtained the EIN in their system. You are fine. That is how its done on all my accounts
Exactly. SS# is the key here for paypal to comply with the IRS.
  #6  
Old 08-22-2011
Junior Member
 
Join Date: Aug 2011
Posts: 49
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Question

Quote:
Originally Posted by KingRay View Post
All paypal will report is your sales under your EIN # and business name. The name of the user means nothing to the IRS> THey have the SSN of who obtained the EIN in their system. You are fine. That is how its done on all my accounts
But they will match the EIN address with your address on PP & bay right? Mine are 2 different ones, that's why I signed up with pro py. I was afraid that the EIN name wouldn't match what the IRS has nor the address.
  #7  
Old 08-22-2011
Junior Member
 
Join Date: Mar 2011
Posts: 36
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 75%
iTrader: (1)
Default

Will adding the same EIN to multiple paypal accounts with different names link the eBay accounts attached to the paypal accounts? Thanks
  #8  
Old 08-22-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2011
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Quote:
Originally Posted by KingRay View Post
All paypal will report is your sales under your EIN # and business name. The name of the user means nothing to the IRS> THey have the SSN of who obtained the EIN in their system. You are fine. That is how its done on all my accounts
So what your saying is that IF my addresses with the IRS and Paypal Business Verified account are the Same and the Business Names are the same if my unreal name on Paypal is Bob Jones and my real name with the IRS is Joe Smith....then it will not cause any issues? (also not my EIN is listed as a Sole Prop)
  #9  
Old 08-22-2011
Senior Member
 
Join Date: Jul 2011
Posts: 252
Thanks: 14
Thanked 31 Times in 29 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Quote:
Originally Posted by mikey432 View Post
Hey guys,

I do not do any selling on ebay...only on my personal site....

I had a paypal account in my real name shut down indefinately about 3 years ago or so...

So about a year and a half ago I made a paypal account using a ****name, but with the same address(and by a stroke of luck got them to remove the limitation when a flag came up about my address being the same as before) and then did the whole business verified thing...so I have a business verified account with a ⊗⊗⊗⊗ personal name...

I recently got the request for a TAX ID because the new IRS rules and such and here's the dilemma...

I have a EIN number as a Sole Prop that is in the Same Business name and address that match my business name and address on my paypal business verified account...

Problem is my personal name on paypal is ****....

So my question is this....THE IRS told me that they do not release my personal name attached to that EIN to anybody including paypal...

So would I just be ok entering my EIN into Paypal and since the business names and addresses between the IRS and paypal match up that it would be ok?

Or will having that ⊗⊗⊗⊗ name on my paypal account cause problems when paypal reports income to the IRS? Will they send my F*** personal name to the IRS instead of just filing it under my business name and EIN which match up?

Any ideas on what to do?
IRS will not release ANY personal information pertaining to the EIN number. It is a felony. They cannot reveal names, addresses, etc...
  #10  
Old 08-22-2011
Senior Member
 
Join Date: Jul 2011
Posts: 252
Thanks: 14
Thanked 31 Times in 29 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Quote:
Originally Posted by jarmiz View Post
Will adding the same EIN to multiple paypal accounts with different names link the eBay accounts attached to the paypal accounts? Thanks
PP will link the accounts together if using the same EIN number. All the accounts will become linked at that point. An EIN is not just like a name or address. People can change names, addresses, etc. You cannot change your EIN number. You get one per life.
The Following 2 Users Say Thank You to SweetPea For This Useful Post:
KingRay (08-22-2011), secret storm (01-11-2014)
  #11  
Old 08-22-2011
KingRay's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 1,484
Thanks: 173
Thanked 264 Times in 203 Posts
Activity: 0%
Longevity: 91%
iTrader: (0)
Default

COrrect, you cant use the same EIN for each account. That will link them all and besides they probbaly wont accept it for multiple accounts anyway.

SInce you have multiple account have you spoken to a business attorney or business accountant that specializes in online sales? if not you need to.
__________________
KingRay
  #12  
Old 08-23-2011
Junior Member
 
Join Date: Aug 2011
Posts: 49
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default One EIN per life? Then how do people here have multiple?

Quote:
Originally Posted by SweetPea View Post
PP will link the accounts together if using the same EIN number. All the accounts will become linked at that point. An EIN is not just like a name or address. People can change names, addresses, etc. You cannot change your EIN number. You get one per life.
How is it that people on here say they have multiple EINs?
  #13  
Old 08-23-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2011
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

@Kingray:

So what your saying is that IF my addresses with the IRS and Paypal Business Verified account are the Same and the Business Names are the same if my f@ke name on Paypal is Bob Jones and my real name with the IRS is Joe Smith....then it will not cause any issues? (also not my EIN is listed as a Sole Prop)
  #14  
Old 08-23-2011
Junior Member
 
Join Date: Aug 2011
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Quote:
Originally Posted by SweetPea View Post
PP will link the accounts together if using the same EIN number. All the accounts will become linked at that point. An EIN is not just like a name or address. People can change names, addresses, etc. You cannot change your EIN number. You get one per life.
That is not entirely correct... I have numerous EIN's. All it requires is a change in business status or you're *starting* a new business as an addition from an existing business.
  #15  
Old 08-24-2011
Senior Member
 
Join Date: Jul 2011
Posts: 252
Thanks: 14
Thanked 31 Times in 29 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

That might be true but the point I was trying to make is that you can't change an EIN number. It is like a SSN. Once you have a SSN, you can't change it. It is yours for life. That is true for EIN numbers.
  #16  
Old 08-24-2011
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Quote:
Originally Posted by sickofbaypowertrip View Post
How is it that people on here say they have multiple EINs?
That's what they have more than ONE of the EINs. In other words each account has an EIN, ergo multiple EINs
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
  #17  
Old 08-24-2011
KingRay's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 1,484
Thanks: 173
Thanked 264 Times in 203 Posts
Activity: 0%
Longevity: 91%
iTrader: (0)
Default

Quote:
Originally Posted by billups View Post
That is not entirely correct... I have numerous EIN's. All it requires is a change in business status or you're *starting* a new business as an addition from an existing business.
If you have numerous EIN's then you need to speak with a professional. I would love to hear what all you have to say on these forums around april next year. It wont be pretty. You can say BS all you want but we will see.
__________________
KingRay
  #18  
Old 08-25-2011
Junior Member
Threadstarter  
 
Join Date: Aug 2011
Posts: 5
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

When I submit my EIN to paypal considering my EIN is a sole prop. Can I put the DBA of my EIN number in there instead of my name?

As stated above I have a paypal and EIN info that matches in every respect except for my my real name and the ⊗⊗⊗⊗ one that's on my PP account...

Since mine is a Sole prop can I get away with putting my DBA into paypal along with my EIN number instead of my real name?(which doesn't match my paypal name btw)
  #19  
Old 08-25-2011
KingRay's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 1,484
Thanks: 173
Thanked 264 Times in 203 Posts
Activity: 0%
Longevity: 91%
iTrader: (0)
Default

Just put your real name in. You have to or it will not accept it. It must match your SSN. What will happen is you will get letter later denying it. YOu may pass the online setup but it will fail later. Tried it already.
__________________
KingRay
  #20  
Old 08-25-2011
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Quote:
Originally Posted by mikey432 View Post
Anyone with any knowledge on this?

To ensure you make the correct choices regarding IRS & taxes & the usage of EINs see a tax accountant. thanks
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Closed Thread



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Request a Check from paypal methodword1 PayPal Talk 4 01-03-2015 12:30 PM
PayPal ID Request ryanba Subscriber Discussions 7 05-29-2011 12:44 PM
A question about texting. Can you request a copy of text from phone Co.? waterproof Everything Else 16 12-18-2010 12:32 AM
paypal request invoice dzill Paypal Limited 4 08-10-2010 05:39 PM
paypal request documents pandasthumb9 eBay Suspensions 7 07-02-2010 05:22 AM


Aspkin Group

All times are GMT -5. The time now is 05:32 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58