Re: Paypal 20k Limit Quote:
Originally Posted by narnarnar Ok thank you! I didn't know it was by years, does it go by a calendar year of making 20k or within any 12 months worth of time making 20k? | If you have a fa/ke EIN on file and you've passed 200 sales AND $20,000 in 2016 then your account will be dead by the end of 2017. If you ever pass both thresholds, for the life of this account, it will be dead the next year.
If you ever pass $20,000 and 200 sales Paypal will attempt to submit a 1099 for your made up tax ID. Then the IRS would notify Paypal the Tax ID doesn't exist and your account would be limited. Note: post has been modified to remove erroneous information. Thanks bjammin.
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Last edited by phaz0rz; 04-20-2017 at 02:39 PM.
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