 Emial from “Confirm your taxpayer status” bulgarian paypal
i have bulgarian paypal and today i received this email when i receive payment
What should i do ?
“Action required
Confirm your taxpayer status
Because you receive payment for goods or services through PayPal, we need to confirm your taxpayer status. This verification is required to comply with US. Internal Revenue Service (IRS) as well as State tax reporting requirements.
If your taxpayer status isn't confirmed, your PayPal account will be limited, and you won’t be able to request or receive money.
If you’re subject to U.S. tax reporting requirements, we’ll also need to collect your tax identification number and also ensure that your business type is correct within your Profile (Business Information section) to prevent reporting issues in the future.
The identification number you provide will be used to submit Form 1099-K to the IRS when the payments you receive in a calendar year meet the income reporting thresholds set by the IRS or the applicable state. You can learn more about your state and IRS reporting requirements at www.paypal.com/irs.
If you have multiple PayPal accounts, you’ll need to verify your taxpayer status for each account.
If you have already provided your tax identification number, it’s possible that you are receiving this message because the combination of your Name/TIN didn’t match IRS records.
Thanks for being a valued customer”
 | 
