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  #1  
Old 02-01-2019
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Default FEB. 1st & still tax limits haven't reset???

So I have been at this a few years and this is the longest it has taken for paypal to reset it's tax limitations at the beginning of the year. I have all 8 accounts that were tax limited last year still limited this year. Any idea whats taking so long on resetting this year or has paypal changed something?
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Word is something changed and they may not get unlimited unless you provide tax info.
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Well that would be a disaster
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Pretty sure that is the issue, getting harder and harder.
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

At this point I would not count on them resetting if you were Tax ID limited.

The accounts that just got the warning but no limitation have had their limits reset, as in you can sell on them as if you have had 0 transactions for the new year.

But the accounts that were limited seem to be stuck there, and the possibility of that going away like in previous years seems unlikely at this point.
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Quote:
Originally Posted by nodeal View Post
At this point I would not count on them resetting if you were Tax ID limited.

The accounts that just got the warning but no limitation have had their limits reset, as in you can sell on them as if you have had 0 transactions for the new year.

But the accounts that were limited seem to be stuck there, and the possibility of that going away like in previous years seems unlikely at this point.
Damn, I guess my OG PayPal is done then... Had it for 4 years and it was perfect until they hit me with the Tax ID limit...
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Old 02-01-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

I'm going to hold on to the accounts a while longer. These are 100% feedback accounts that all the fees paid and everything. They were just sitting there waiting for the reset. My accounts with high negative feedback or with large fees to pay I just abandon but these 8 are my little gems. Can't part with them just yet.
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Old 02-02-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Pretty sure tax id limited accounts are toast as of 2019. Paypal is evolving into an even douchier company.
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Old 02-02-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

They will not reset. I bit the dust and called about one and was told the Tax ID is now permanent and part of their new 2019 initiative. The accounts are toast.
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Old 02-02-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

PP sucks, IRS sucks, banks sucks. My w7 application was refused because the bank did not signed the verification letter. Hope the day Ayden starts to work with EB.
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Old 02-02-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

For the tax ID limit. Will they release the money after 180 days after the tax id limitation.
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Old 02-02-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Quote:
Originally Posted by bestvipz View Post
For the tax ID limit. Will they release the money after 180 days after the tax id limitation.
You can still withdraw money if you have the type of Tax ID limitation that is being discussed on the this thread. The one that happens based on the 200/20k threshold.
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Old 02-03-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

What sucks is that these 8 accounts I paid all my fees and refunded all my customers and kept bank accounts open. If I would have known I wouldn't have paid crap or refunded anyone and left ebay/paypal holding the bag.
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Old 02-03-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

This is horrible.

So the only way around this is a SSN TIN or EIN?? Correct??
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Old 02-05-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Why not create a LLC/ S corp apply for an EIN?
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Old 02-05-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Called PP today and I was told that limitation won't be reset this year.
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Old 02-06-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Quote:
Originally Posted by CAPH View Post
Called PP today and I was told that limitation won't be reset this year.
Wow thats horrible... RIP my 4 year old paypal :(
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Old 02-06-2019
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Default Re: FEB. 1st & still tax limits haven't reset???

Quote:
Originally Posted by Kajunrook View Post
Pretty sure that is the issue, getting harder and harder.
yub they just want to steal people money
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