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PayPal reporting issue/bug
 

Hi friends,

PayPal’s tax reporting has a big issue.

I used an ein for reporting purpose but now I went back into the account to update the ein but the Ssn was shown as being used for reporting and even after I select ein for reporting purposes the ssn box is highlighted and display as used for reporting when I got back and update the ein to verify.

Re: PayPal reporting issue/bug
 

Try using the EIN number in the SSN field and see if that accepted it.

Did you btw go over the $20k treshold?

Re: PayPal reporting issue/bug
 

Hi SaiJin,

Thank you for your quick response.

These are business accounts, I have not tried that method which you mentioned.

So before PayPal would give you an option on which tax id number you would like to use for reporting. But now they only way to see which number is being used for reporting is by changing your ein which will then lead you to the reporting page. Once it takes me to the reporting I select my ein and click save and return to profile.

What I believe could be causing this bug is that when I re enter my ein the ssn is getting picked by default. So hopefully that is the case.

I passed twenty on two PayPal’s.

Re: PayPal reporting issue/bug
 

That's the thing... going over the 20k and 200 can cause some complications. Thus why I never go over them or even come close to them.

Re: PayPal reporting issue/bug
 

This makes zero sense and is outright fear mongering. This type of unsupported assumption should not be publicly posted - as you're turning off potential customers to the idea of purchasing the stealth book you so adamantly push. You are limiting yourself to a part-time hobby if you're scared to sell more than $20k in a year.

@nyc - Can you take a screenshot of the page you're stuck on? Haven't had this problem on any of my business accounts. All of my accounts always have the EIN on their 1099's since they are business accounts with LLC names. If PP were to put my business name + SSN it wouldn't match IRS records.

If you already have an SSN on file, I doubt they'll let you remove it. But this issue could be easily solved by putting the same tax ID (EIN) in both fields.

Re: PayPal reporting issue/bug
 

I see that a lot on here!

Re: PayPal reporting issue/bug
 

I will update tonight when I get off of work

Re: PayPal reporting issue/bug
 

Maybe to you it makes zero sense and your big mouth likes to spout out nonsense as well as garbage assumptions from the a lot of the threads I've seen you post.

I'm getting really sick and tired of your attitude, Phaz0rs and this is the last straw.

Re: PayPal reporting issue/bug
 

lol.... :noidea:

In the few years I've been lurking on here, he comes across as one of, IF NOT THE MOST, helpful and knowledgeable members on here.

Way more so than the typical...

Random member: ebay sales are slow...what gives?
SuperModerator: have you read the steeaalth boook??

:lol:

Re: PayPal reporting issue/bug
 

Disagreeing with comments is perfectly fine, however being rude with an attitude while not knowing what people are thinking is a whole different story. There's always better ways than point and assume.

And it's great that he has a fan backing him up, even though the comment made above sounds a little ignorant and condescending. :pop2:

Now that this is out of the way, let's focus on the OP's issue and not clutter the thread. If you have more to say, you can say it straight to my PM, so you don't have to edit my name out.

Re: PayPal reporting issue/bug
 

If you were to verify which number is being used for tax reporting as of today, how would you do it?

Re: PayPal reporting issue/bug
 

@ phaz0rz I found your post always helpful
Specially against those who just push to buy ebook