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  #1  
Old 12-21-2016
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Default 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!
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Old 12-21-2016
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Default Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT

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

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Originally Posted by slokor View Post
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?
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Default 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?
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Default Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT

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Originally Posted by taonola View Post
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.
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Old 12-21-2016
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Default Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT

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Originally Posted by jack702 View Post
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.
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Default 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?
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Old 12-21-2016
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Default Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT

Quote:
Originally Posted by norbi2010 View Post
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?
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Old 12-22-2016
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Default 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?
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Old 12-26-2016
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Default 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.
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Default Re: PAYPAL TAX INFORMATION NEEDED 2nd ATTEMPT

Quote:
Originally Posted by taonola View Post
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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