Forum

Please provide your tax ID number - Email from Paypal
 

Just received this email on one of my accounts today 12/9. I have 7 other accounts going and have not received one on any of those yet. Does anyone know if this is manditory on all accounts from now on.


We're asking for your tax ID number due to new IRS rules. Your tax ID
number is one of these:

- Your Social Security number
- Your Individual Tax Identification Number
- Your Employer Identification Number

We'll use your tax ID number to send tax Form 1099-K to you and the IRS
when the payments you receive exceed both of these milestones in a calendar
year:

- $20,000 in gross payment volume for goods or services
- 200 payments for goods or services

We want to help you continue to sell with PayPal and to avoid any
interruption to your account. It's easy — here's how:

1. Log in to your PayPal account.
2. A message will appear asking you to update your information.
3. Click Provide Now.

If you have multiple PayPal accounts, repeat these steps for each account.

We appreciate your help in complying with these IRS rules. For more
information, see our FAQs on the IRS reporting requirements:
www.paypal.com/irs

Sincerely,
PayPal

Yes. This is old news and was reported long time ago. There are a lot of threads about this on here.

Seems around 13-15k in sales will trigger the message. Its VERY easy to obtain an EIN, and it should help you sleep better at night having it. A 10 minute process.

http://www.aspkin.com/forums/paypal-...-usa-only.html

1ST of the dozen of threads.

Not new
Not going away

Recomend you use SEARCH with user name KingRay.
His posts are plentiful on the topic. :juggle: