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Stealth paypal asked me for tax id
 

Hello
paypal asked me to upload my tax id but it is a stealth account


Provide your tax reporting information
We'll use your tax ID number to send tax Form 1099-K to you and the IRS if the payments you receive in a calendar year go above both of these levels:

$20,000 USD in gross payment volume for goods or services
200 payments for goods or services


PS : i sold about 150 items total but for about 500$ total
what should i do ?

Re: Stealth paypal asked me for tax id
 

You either provide what they want or stop using the account. This is why you should spread your sales.

Re: Stealth paypal asked me for tax id
 

Yep Yep.. you need more accounts..

Re: Stealth paypal asked me for tax id
 

Apply for a Tax ID number and put it in. When you apply for a tax ID number, make sure its a business account. Rent a PO box in that state, to get the paperwork to that PO Box where ever you placed the address. or just place the Tax ID number into it. The IRS will know that Tax ID number belongs to you because its linked to your SS#. Just get a tax ID number and put it in. PayPal isnt going to do anything. Its just to check to see if its a valid number and then you wont be bothered with it. Just dont use your name or name on the PayPal account. Make sure its a company name.

Re: Stealth paypal asked me for tax id
 

you have to change your account :)

Re: Stealth paypal asked me for tax id
 

No way to avoid a tax id request, either give them tax information or use another account.

Re: Stealth paypal asked me for tax id
 

can i unlink it and link it with a new pp account?

Re: Stealth paypal asked me for tax id
 

Ebay and paypal are smart about this. They are always looking for anybody that simply adds a new paypal to an existing ebay account. Most of the time they will catch and suspend you.

Re: Stealth paypal asked me for tax id
 

It's easy to get a Tax ID number, But will cost you around $200-250 to register the LLC. So up to you if it's worth the trouble. Depending on what you sell, if high risk, it will get limited again eventually.

Re: Stealth paypal asked me for tax id
 

How do I set up Paypal without using a social security number or tax ID number?