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-   -   IRS says TIN does not match name. (https://www.aspkin.com/forums/paypal-talk/79214-irs-says-tin-does-not-match-name.html)

dallis 11-06-2017 07:55 PM

Re: IRS says TIN does not match name.
 
Very old thread, but if you ignore it you're done.

mickeyblue 11-07-2017 04:37 PM

Re: IRS says TIN does not match name.
 
Quote:

Originally Posted by dallis (Post 882698)
Very old thread, but if you ignore it you're done.

do you mean done, like in deep sh** or they will stop pursuing it?

mickeyblue 11-07-2017 07:05 PM

Re: IRS says TIN does not match name.
 
thanks for the response, but do you mean done as in big trouble or its just over?

dallis 11-08-2017 09:39 PM

Re: IRS says TIN does not match name.
 
They'll limit the PP and without it you won't be able to run the EB. That's what I mean by done.

bakica 11-15-2017 09:02 AM

Re: IRS says TIN does not match name.
 
I received the same email today? Any solution? Will updating to LLC fix the problem?

trosky 11-15-2017 11:04 AM

Re: IRS says TIN does not match name.
 
Same email I got today about mismatching EIN, but I've had the same info in years past and didn't have any issues.

Do the IRS looks into the company to see if it's still active in the state and if it isn't deactivate EIN or report it as a mismatch to PayPal? That's the only thing I can think of as the LLC went inactive last year as I disnt renew it

newjerseymax 11-15-2017 11:49 AM

Re: IRS says TIN does not match name.
 
It looks like they are checking matching info this year. I have accounts 7+ Years with same EIN info and just this year I am getting messages about not matching.

I updated all of them with IRS and asked for a mailed copy of new EIN. I uploaded the new EIN with matching info and pp released the soft limitation.

trosky 11-15-2017 12:41 PM

Re: IRS says TIN does not match name.
 
Quote:

Originally Posted by newjerseymax (Post 884722)
It looks like they are checking matching info this year. I have accounts 7+ Years with same EIN info and just this year I am getting messages about not matching.



I updated all of them with IRS and asked for a mailed copy of new EIN. I uploaded the new EIN with matching info and pp released the soft limitation.



What document did you upload the one from the IRS? Don't that have your real name on it? I'm getting asked by PayPal to upload completed W9 form and in the form they want you to use member name and SS for single member LLC not use the EIN number for the entity. Any idea how to get past this?

JamesLee 11-18-2017 03:55 PM

Re: IRS says TIN does not match name.
 
I did not upload anything. Today I saw that red flag in my paypal disappear.
I am a little worried about this since my ebay account could list $130,000 per month...

bjc104 11-28-2017 02:49 PM

Re: IRS says TIN does not match name.
 
The same thing has just happened to me, says it doesn't match. I have an LLC with an EIN. What should I do now?

bjc104 11-28-2017 02:54 PM

Re: IRS says TIN does not match name.
 
Any updates on this? Thank you, I have the same problem

mickeyblue 11-28-2017 03:25 PM

Re: IRS says TIN does not match name.
 
Quote:

Originally Posted by bjc104
What did you end up doing? I am in the same boat now, got the paypal letter. Thank you

I talked to an anti-gov type tax attorney and he advised me to give them my ein. He said paypal will send the irs a schedule b and start backup withholding on my account. My situation is different though bc Paypal has my real name and address and I brought in 85,000. This is the first year they have asked me and I've been over 20k since 2013. Hope this helps.

trosky 11-28-2017 03:31 PM

IRS says TIN does not match name.
 
Quote:

Originally Posted by bjc104 (Post 887305)
The same thing has just happened to me, says it doesn't match. I have an LLC with an EIN. What should I do now?



I ended up uploading the form they ask for to update EIN, even though they say they want the SS instead for single member LLC. I had to put my LLC name on the first/last name fields as those were required or it wouldn't upload even though the LLC field was completed. It has been about a week and I haven't heard back from them. Hopefully that worked and PayPal accept it and use EIN for the 1099

oethumb39 11-29-2017 12:32 AM

Re: IRS says TIN does not match name.
 
All the accounts getting the mismatch IRS warning, have they surpassed $20k/200?

shpoc 11-29-2017 10:05 PM

Quote:

Originally Posted by oethumb39 (Post 887404)
All the accounts getting the mismatch IRS warning, have they surpassed $20k/200?

Long time ago.
I got same message last year...and i did not do anything and the flag disappeared...

JamesLee 12-05-2017 11:50 AM

Re: IRS says TIN does not match name.
 
I keep receiving emails that mismatch name and tax ID and warning my paypal will be limited after Dec-11.
I am a little worried.
Also eBay email me that I need backup payment gatway if paypal could not receive..

vettefever17 12-06-2017 12:29 AM

Re: IRS says TIN does not match name.
 
New update on process. Fingers crossed it stays good, but if you fill out your W9 and put your "llc" name in first, last name, and business name, then use only the EIN section with llc name as signature. It has lifted the flag notification, and the first and last name under the business account turned to the business name. Hoepfully, this is not automated and passed human review. The only lingering effect is the warnings on the ebay side by the deadline of request. I imagine those will disappear. I encourage all that get this notification to send it in through the automated system. Hope this helps.

bjc104 12-06-2017 09:28 PM

Re: IRS says TIN does not match name.
 
Great news, thank you for sharing that!

bjc104 12-07-2017 06:07 PM

Re: IRS says TIN does not match name.
 
Am I correct to assume that the W-9's that uploaded successfully are LLC partnerships? We are putting a P in that area and then putting the EIN down below, after of course putting the LLC name in the first name, last name, and business name. What address is everyone using? Is it the real LLC address or the stealth address on the account? Please advise so that I don't mess this up! Thank you so much in advance!

trosky 12-07-2017 06:10 PM

Re: IRS says TIN does not match name.
 
Quote:

Originally Posted by bjc104 (Post 889004)
Am I correct to assume that the W-9's that uploaded successfully are LLC partnerships? We are putting a P in that area and then putting the EIN down below, after of course putting the LLC name in the first name, last name, and business name. What address is everyone using? Is it the real LLC address or the stealth address on the account? Please advise so that I don't mess this up! Thank you so much in advance!



Should be the PayPal address on the account. The LLC address is not needed for matching purposes.

bjc104 12-07-2017 06:31 PM

Re: IRS says TIN does not match name.
 
Great, thank you so much!

zerocool02 01-25-2018 05:01 PM

Re: IRS says TIN does not match name.
 
Hi! If you are getting EIN for sole member LLC for banking purposes, and using stealth name as LLC name (eg PP stealth name John Smith will be John Smith LLC) - will it work for PP?


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