TIN filled out by paypal on 1099-K but i never gave any info - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 01-26-2021
Junior Member
 
Join Date: Jun 2011
Posts: 304
Thanks: 70
Thanked 53 Times in 32 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)
Default TIN filled out by paypal on 1099-K but i never gave any info

HEY everyone I am not sure what happened, as I never had this issue before. I received a notice that I have a 1099-k waiting for me in a paypal account I barely used. I only had $3,355.34 in sales on the account for the whole year of 2020. However I downloaded the 1099-k and they have all the stealth info on it, the name and address. But they also have the TIN section filled out. It has an actual number entered in that field. THAT I DID NOT PROVIDE.

I have no idea what to do. I have no problem whatsoever claiming the income and paying the taxes but how do I go about this if its in all stealth information and with paypal having taken it upon themselves to fill out the TIN section???

Form 1099-K

I dont want the IRS coming after a fictitious person or headaches with stealth over less then $4k. Any help or advice would be greatly appreciated.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-26-2021
Junior Member
Threadstarter  
 
Join Date: Jun 2011
Posts: 304
Thanks: 70
Thanked 53 Times in 32 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Do I go back to that paypal and change all the information to my real info and claim the 1099-k as my own, or request them to reissue? Or what? I am really freaking out here. ANY HELP IS MUCH APPRECIATED!
Reply With Quote
  #3  
Old 01-26-2021
Junior Member
Threadstarter  
 
Join Date: Jun 2011
Posts: 304
Thanks: 70
Thanked 53 Times in 32 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Okay quick correction, I made a mistake the TIN is not filled out for me there is a FILER'S TIN (which is filled out obvious now its paypals info lol)
and
PAYEE’S TIN which is blank.

So since the payee's tin is blank and it still is technically under $20k, do I still report it or try to claim this 1099-k as mine? It was for the state of VA, and I am in NY. So I dont know how to go about making this right? please help
Reply With Quote
  #4  
Old 01-26-2021
Junior Member
Threadstarter  
 
Join Date: Jun 2011
Posts: 304
Thanks: 70
Thanked 53 Times in 32 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Okay one more thing lol I think I may have answered my own questions, but just want confirmation from the vets on here. Obviously I panicked ha.
But since its under $20k it wont be an issue with irs, it would then be an issue of sales tax to the state, in this case VA. However since all the sales on the 1099-k from paypal were thru ebay, wouldnt ebay have already done the sales tax collection on their end? I mean ebay handles sales tax on their end so.. Then I should be perfectly okay in just ignoring the 1099-k and not having to do anything with it? is this correct? thanks
Reply With Quote
  #5  
Old 01-26-2021
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 9,898
Thanks: 1,345
Thanked 905 Times in 853 Posts
Activity: 45%
Longevity: 25%
iTrader: (0)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

ebay started collecting sales tax for the sellers so we dont have to,it started sometime last year,cant recall which month.
One copy of the 1099k goes to IRS and IRS will post your sales number to your TIN account.
Just because one has sales does not mean he owes taxes,you could have a loss,for all we know.
I would do nothing but I wont use that TIN anymore,as IRS gathers more sales $ from your 1099k each year,it will eventually ask you if you have forgotten to file a return.
Reply With Quote
The Following User Says Thank You to agent006140 For This Useful Post:
livelifewild (01-27-2021)
  #6  
Old 01-27-2021
Junior Member
Threadstarter  
 
Join Date: Jun 2011
Posts: 304
Thanks: 70
Thanked 53 Times in 32 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Just a little more info the tin on the 1099k was the senders information the receivers tin was blank because I never supplied any of that kind of information so without them having any kind of social or TIN number and the fact that it was low sales and eBay already did the sales tax I should just leave it alone and not do anything with it is that correct
Reply With Quote
  #7  
Old 01-27-2021
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,815
Thanks: 2,700
Thanked 3,045 Times in 2,235 Posts
Activity: 44%
Longevity: 55%
iTrader: (2)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

It is because VA has a low threshold. Such as MA where is it $300

I would not worry about it at all but I would stop making accounts in liberal states altogether. Pick better states is my suggestion. Stay away from MA, VT, NY, IL, CA at the very least if these issues are worrisome.
Reply With Quote
The Following 2 Users Say Thank You to yankee For This Useful Post:
GreenBean (02-01-2021), livelifewild (01-27-2021)
  #8  
Old 02-01-2021
Junior Member
 
Join Date: Mar 2017
Posts: 227
Thanks: 62
Thanked 45 Times in 31 Posts
Activity: 10%
Longevity: 33%
iTrader: (0)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Quote:
Originally Posted by yankee View Post
............ Stay away from MA, VT, NY, IL, CA at the very least if these issues are worrisome.

I think I read in another post that Virginia is another state that should be in that list...? Are there others that I don't know of, or do the experienced here think that makes a pretty complete list of states (for now)?
Reply With Quote
  #9  
Old 02-01-2021
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 69,428
Thanks: 5,509
Thanked 8,335 Times in 7,640 Posts
Activity: 100%
Longevity: 81%
iTrader: (7)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Quote:
Originally Posted by livelifewild View Post
Do I go back to that paypal and change all the information to my real info...
Just as a side, don't do this - you can't simply change registration info without expecting issues
Reply With Quote
  #10  
Old 02-02-2021
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,815
Thanks: 2,700
Thanked 3,045 Times in 2,235 Posts
Activity: 44%
Longevity: 55%
iTrader: (2)
Default Re: TIN filled out by paypal on 1099-K but i never gave any info

Quote:
Originally Posted by Elliot View Post
I think I read in another post that Virginia is another state that should be in that list...? Are there others that I don't know of, or do the experienced here think that makes a pretty complete list of states (for now)?
His account in question is in Virginia so I did not list it.

Great states are any of the few that do not have any state income tax. Then after that, it gets questionable.
Reply With Quote
The Following User Says Thank You to yankee For This Useful Post:
Elliot (02-06-2021)
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Gave my info to a HACKER Irina PayPal Talk 18 05-19-2020 03:40 AM
Stealth got issued 1099, I never gave them a Tax ID nodeal PayPal Talk 5 01-23-2019 07:59 PM
Credit Card filled with Ebay reload69 eBay Discussion! 3 07-18-2013 09:23 AM
Recently made a sale and buyer filled a dispute ravenor100 PayPal Talk 1 04-16-2010 08:29 PM


Aspkin Group

All times are GMT -5. The time now is 05:02 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58