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-   -   paypal ask for a SSN (https://www.aspkin.com/forums/paypal-talk/42123-paypal-ask-ssn.html)

eencn9 01-31-2012 10:19 PM

paypal ask for a SSN
 
How can i get arounf paypal asking for a SSN after i sell 200 items or 20000usd? ? From what i understand, they dont allow you to sell after you reach the 200 item or 20000usd is made in one year. Am i correct? Any advise that would help?

JJGold 01-31-2012 11:08 PM

I've had 3 accounts receive the email this week. Each account has only sold just under $10k each in 2012. My solution is to move the sales to other accounts until 2013 unless someone has another solution (PM's welcome :) )

Sandy D 01-31-2012 11:40 PM

It is not that they dont allow it, they just want to make sure they can report your sales to the IRS.

If you read what you stated then you surely read to stop sales on each account around 12-13k and use other accounts.

Make others accounts and have them ready when one hits 12-13k stop selling and move onto the newer ones.

newjerseymax 02-01-2012 12:05 AM

I am trying to find the article, but I have read that some processors will automatically start witholding money for those accounts that are avoiding giving Tax ID.

vany 02-01-2012 06:06 AM

Don't put all your sales in one account, the above advices are good way for doing it

GreenBean 02-01-2012 08:00 AM

At some point do make sure you get help from a tax professional.

You are earning money so taxes are payable.

Even operating multiple stealth still means taxes .

Do not be expecting this forum to be aiding any plans of avoiding taxes or other ideas you might have. :nono:


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