Re: PP Wants Tax Info On 2 Stealth Accts Need Help
That's the biggest downside of all US Paypal accounts. At this point you guys need to either let the accounts "cool down" or upgrade your accounts to business ones. You need to attach EIN, which is going to be most likely under LLC.
Your LLC name has to match your Paypal Business Name, which you will create. When you apply for EIN (LLC) you register your real address that you have access to, and you can include your Paypal's business address as your secondary address on EIN application. Paypal will only check if the EIN # and Business Name match, the rest is irrelevant.
If your PP was limited with 3 tax notices, then you will have to call Paypal and ask them to manually attach EIN (LLC); some reps may not even know how to do it or refuse but you gotta be persistent. Now, you will have EIN attached to your Paypal but it will still ask you for SSN and to that I know few solutions, which had worked for some and hadnt for the others:
1) You will enter SSN as last 4 digits of your EIN
2) You would need to find someone (or yourself) who can generate a random SSN, which will be based on DOB and location of the person registered on the account (regardless if it is fictional). And yes SSN number algorithms are known and this info can be found on the internet.
Now, steps with SSN may be considered as felony by some and not by others, so do it at your own risk but those are the only solutions that are working currently.
Those issues never arise on Canadian accounts.
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