eBay Suspended & PayPal Limited Forums - New IRS requirement

thank you so much for your reply.
What is tax limited? They will withheld 30% of whatever money I receive similar to the banks holding 30% of the interest paid on a saving account when the SS doesn't match?

No. Meaning you won’t be able to use account until you provide tax ID.

“you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement and avoid any disruption to your account.”

BleepBloop

09-22-2021 09:44 PM

Re: New IRS requirement – take action now

Quote:

Originally Posted by triplex (Post 1170326)

600$ / year , or 600$/ transaction ?

G&S transactions totaling more than $600/year. They did away with the “number of transactions threshold”

https://runningwithmiles.boardingare...stimulus-bill/

(Not Amazon, eBay or PayPal link).

mchammer1

09-23-2021 10:57 AM

Re: New IRS requirement – take action now

Quote:

Originally Posted by gnb00 (Post 1170481)

Thanks for the heads up, I was led to believe that because I'm not in the US my only choice was to do it through one of these websites. So I can just file everything myself even though I'm not in the US?

You need to get an ITIN number if you want to keep it simple and operating as individual.
I don't know if you can do it yourself online as the others suggested.
You can Google search and check.

ebaystealth1974

09-23-2021 11:04 AM

Re: New IRS requirement – take action now

Quote:

Originally Posted by mchammer1 (Post 1170567)

Can't touch this!

:bounce: :bounce:

theintersect

09-26-2021 04:23 PM

Re: New IRS requirement – take action now

if anyone gets limited or suspended for not entering the info, please let us know

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