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Old 10-24-2011
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Default Make sure your Tax ID info matches 100% to the "T"

I got a small limitation today on a very large account that I have. My main one. They said that I need to submit some info or make changes. Any changes though had a link to send in docs.

I got on their site and it said that I need to update this today to avoid limitation.

The problems was I had my name as a nickname on PP instead of my full name with the IRS.

Then I had a hyphen in the middle of the business name with PP and not with the IRS.

Those small issues probably triggered this from what they said on the phone. I have to send in all kinds of crap to fix this now and then it goes to a review within 48hrs.


The guy was very nice though so I was asking questions. He said that the updated some Software to locate small issues like this to avoid the thousands of Tax ID's that will surely get returned back to them for technical details being incorrect. His words "They just want to get those issues nipped in the bud now before it turns into a problem later.

Anyway, thought you would like to hear that crap. Sounds like they may be tightening this Tax ID stuff up earlier than I expected.

What what you do with dealing with that Tax ID stuff as I have said a hundred times now. It will bite you
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Old 10-24-2011
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The business name you supply would have to match exactly to the IRS records. This has been said for a long time.

Paypal can only do a verification check. That means does that the business name has to match the EIN number exactly. Any slight difference will cause it to be rejected.
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Old 10-24-2011
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Quote:
Originally Posted by cardfelon View Post
The business name you supply would have to match exactly to the IRS records. This has been said for a long time.

Paypal can only do a verification check. That means does that the business name has to match the EIN number exactly. Any slight difference will cause it to be rejected.
That is actually what I myself has been trying to tell people on here for months But also said that variations of names (Persons name) would work as well. Now that is not the case if they go by what they did today on me.

My business name was off by a hyphen. The responsible person on the business should have meant nothing to them. In this case it did.

That is mainly what will be and issue for some. the business name being the same is given. the other has been an issue that has been in a gray area.
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Old 10-24-2011
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As usual thanks for sharing your info Ray.
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Old 10-25-2011
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Good stuff.
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Old 10-25-2011
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So is this an LLC you are using or a sole proprietor for the EIN you entered. I have not has any issues with ebay, but as far as amazon goes. Will the name registered have to match perfectly as well. Many people have said the EIN numbers are simply checked to make sure they are valid
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Old 11-17-2011
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I have been away from ebay for quite a while.

So does this mean if I have 100% correct tax id info paypal will leave my account alone?(and not aks for ssn$?
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Old 11-17-2011
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If the tax info for the EIN # matches up exactly then Paypal will not ask you for tax reporting information anymore. Now at some point they may get a wild hair up their sleeve and still want a SSN# for the name the account is registered under. When it comes to Paypal a good rule of thumb is to expect the unexpected.
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Old 12-15-2011
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Default Need little clarification

Kingray,

I was reading all your past posts as GreenBean had recommended it in another post to another member. When applying for Ein, I know I will have to supply business name and such. I am a sole proprietor that needs an EIN for PP. Right now, my PP name is exactly my middle and last names. But from my understanding, since there is no way to change my PP name, I cannot give PP this ein for this account? Just trying to clarify as I don't want to get more than 1 ein.

Thanks
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Old 12-18-2011
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Okay, I've been reading alot of your posts and they do share some insight with PayPal and the IRS.

MY question is this, I have not sold over $20,000 USD let alone get 200 payments/transactions for online sales. I have purchased many cool items off eBay but not sell more then what's required to trigger a SSN request for tax/IRS.
Has of late I've heard that PayPal has been on the front line looking to obtain the information from users despite not hitting the required transactions or dollar amount. So i ask this, what if i do not sell anything else and wait until the first of the year will PayPal still be demanding SSN or banned the account for nothing? This sucks and i know i have not made $20,000 on PayPal for that matter.

What are my real options in saving the account? The account is in my girl friends name. I've had the accout for over 1 year and it's been going strong ever since without a hitch and well below what PayPal is trying to obtain. What are my real options now?

Last edited by 3dfuzion; 12-18-2011 at 01:38 AM.
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Old 12-21-2011
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so the business name on the EIN must match the business name on paypal?
for ex.
business name on EIN is XXFTT and on paypal i have it as XXFTT.
thats ok?
what about the names and addresses?
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Old 12-21-2011
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I've never bothered with tax stuff. If ebay were to ever limit me for that I would just start over. My best account from years ago barely went over the 10,000 limit before it was banned. How much do you need to make for paypal to look at you differently (from a different angle)?
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Old 12-21-2011
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Quote:
Originally Posted by 2000chevyman View Post
so the business name on the EIN must match the business name on paypal?
for ex.
business name on EIN is XXFTT and on paypal i have it as XXFTT.
thats ok?
what about the names and addresses?
Yes the business name and address must match exactly
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Old 12-21-2011
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so far i have my real info on EIN....does paypal see that?
its been a week since i put my EIN (after paypal asked me too) and it went through.

my business name will match..but not the address....when does paypal check? if do my taxes?
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Old 12-22-2011
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Quote:
Originally Posted by 2000chevyman View Post
so far i have my real info on EIN....does paypal see that?
its been a week since i put my EIN (after paypal asked me too) and it went through.

my business name will match..but not the address....when does paypal check? if do my taxes?
keep us posted on this one. I have heard that they do check to see if the address matches that where the ein is registered and if they did that it sounds like yours wouldn't pass. Since its been a week though you may be in the clear. Although with pp you really never know

I know your business names match. What did you put for the person? Does it match your business info?
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Old 12-22-2011
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thanks for the info.
i heard that PP checks...but only if it matches.
the info i have on paypal and the EIN wont match.
only the business name.
i had no choice..pp basically said 'give me SSN or EIN'
on EIN.. you cant falsify info..thats all on IRS and on record.
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Old 12-22-2011
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I will weigh in on this more in the next day or so. I have been VERY ill and pretty much out of commission now for nearly 2 weeks.
Sorry for all the PM's that I have yet to answer as well. I will make sure I reply to each and very one soon.

Thanks Guys/Gals.
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Old 12-23-2011
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Chevyman - So you added it and kept going about your business as usual? Did paypal say that they approved it or something to that effect?

Kingray - We're all anxiously awaiting your wisdom. Keep us posted!
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Old 12-23-2011
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yes id like to hear kingrays wisdom also!

@jarmiz..yes...i added and im still doing business as usual. from whgat i saw paypal approved it.
no 'pending'or anything. i even got a conformation email saying ' thank you for submitting the info on file..blah blah,,,and if we need anything else,we'll contact you'.
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Old 12-23-2011
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Thanks chevyman. That's definitely good to know. I'm waiting for the final word from kingray before i proceed in getting another tax id # etc.
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Old 12-23-2011
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no problem
again its been a week only so who knows yet.

im also debating on creating another tax id with my real SSN but false address and names...that match my stealth paypal info.
but we'll see.
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Old 12-24-2011
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Yes, will be very interesting to follow this thread....
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