There are enough threads stating the situation.
paypal needs to ask for tax ID from sellers to conform with IRS demands.
Below thread outlines the basis of this http://www.aspkin.com/forums/paypal-...-usa-only.html
What is actively happening now is paypal may ask for ID at ANY point of selling.
Where paypal projects sales may exceed the stated limits it may ask for ID at a low amount of $5000.
Sellers need to operate with the understanding a request will be generated. They need to pick the best manner to deal with this.
Spread sales over many accounts if needed.
Bear in mind you are earning money so you must fulfil your tax obligations.
to recap, you may get a request for ID at any point of your selling during the financial year. |