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-   -   PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT (https://www.aspkin.com/forums/paypal-talk/102033-paypal-tax-information-needed-2nd-attempt.html)

taonola 12-21-2016 10:37 AM

PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
If you carry on selling with out adding a tax ID or SSN on the first notice. and then you get a 2nd notice saying paypal limited. Is it limited forever, or just until the new year and the taxes reset? Thanks!

slokor 12-21-2016 03:55 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
It is limited forever.

taonola 12-21-2016 04:19 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Quote:

Originally Posted by slokor (Post 819361)
It is limited forever.

Damn, So I have no way of adding a SSN to it, so is it otherwise no longer usable? I can't make a new paypal account for the Ebay account can I?

jack702 12-21-2016 04:31 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
but do taxes reset on the 1st of the year???

So if I had an account nearing 8-10k in sales, would the sales reset Jan 1st?

jack702 12-21-2016 04:32 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Quote:

Originally Posted by taonola (Post 819368)
Damn, So I have no way of adding a SSN to it, so is it otherwise no longer usable? I can't make a new paypal account for the Ebay account can I?

from what I've heard you can, BUT, that it isn't a good long term solution. Eventually they will link it. Could last days or could last months.

taonola 12-21-2016 04:46 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Quote:

Originally Posted by jack702 (Post 819371)
but do taxes reset on the 1st of the year???

So if I had an account nearing 8-10k in sales, would the sales reset Jan 1st?

From my understanding yes, it resets mid -late January.

norbi2010 12-21-2016 05:12 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Can't answer your question, but I want to ask something. Do you get a second notice if you stop selling after the first one? Or you only get it if you continue selling?

taonola 12-21-2016 05:21 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Quote:

Originally Posted by norbi2010 (Post 819383)
Can't answer your question, but I want to ask something. Do you get a second notice if you stop selling after the first one? Or you only get it if you continue selling?

I am at the point where paypal has limited me from accepting payments. Where does that put me?

loricas 12-22-2016 02:09 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
I am in the exact same situation. It won't let me accept payments until I add my tax info. What can we do?

bjc104 12-26-2016 05:43 PM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Time to set up an LLC and EIN if you want to keep the account, which has been my experience. There are numerous posts about it.

outofluck 01-05-2017 01:38 AM

Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT
 
Quote:

Originally Posted by taonola (Post 819387)
I am at the point where paypal has limited me from accepting payments. Where does that put me?

Any luck taonola?
Any update on your progress would be appreciated!
Thank you


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