1099k mailed to steal address and returned

[rsot]

Originally Posted by Gladiator

1099-Misc

If you sell certain types of products or are near a threshold metric they will issue those if they wish.

Interesting - explains what happened for a us pp account of mine way back in 2011

[yankee]

To open the PO box, you need a government issued ID and insurance card, registration card, lease etc...

I guess you could easily do this if you have access to real looking spoofed IDs like high school kids often get.

I never felt the need. I have a lot of PO boxes in a few states. All opened with my car registration and drivers license. I sometimes forward one PO box to another to make returns easier. It is only a 6 month or so gig but works for some things.

[Gladiator]

Originally Posted by Hercules

Thanks I'll write that down so I don't forget.

No need for that. You can easily get a box, even a digital "Traveling" mailbox online for $9. No one but USPS or UPS has your info and no one is going to come for it if you aren't doing something that the feds would care about.

[Hercules]

I don't think they mailed it. The address doesn't exist in a way so I think that it's a hint of what's coming. PP is checking addresses for what's coming up next....April 19

[yankee]

Well, seeing as some people have recently lost paypal account because the person who lives at the address, called paypal and reported a stolen identity. You are just one of a few threads about this. You are the ONLY one who has said it came back in the mail and you are the only one who said it is a ⊗⊗⊗⊗ address, so logic says, they mailed it.

[Hercules]

Originally Posted by yankee

Well, seeing as some people have recently lost paypal account because the person who lives at the address, called paypal and reported a stolen identity, I believe you are just paranoid about the 19th because you are just one of a few threads about this. You are the ONLY one who has said it came back in the mail and you are the only one who said it is a ⊗⊗⊗⊗ address, so logic says, they mailed it.

Didn't you ever have an address of a buyer that was not typed right where USPS didn't like the address before you printed it? I get one or two of those daily.

[Gladiator]

They are auto-generated so it bulk prints regardless of address verification. The 1099's are issued outside of PayPal's main core operations and use a third party, so it's very likely they mailed it.

[Hercules]

I hope you are right both of you. I have most of my accts for many years so they were made not the way I would do it now.

[Gladiator]

Originally Posted by Hercules

I hope you are right both of you. I have most of my accts for many years so they were made not the way I would do it now.

Just google traveling mailbox, like Go Postal or something. You submit one form and you're done. If it's an account you want to keep it's $9 and you're good to go.

[phaz0rz]

Maybe.. just maybe.. they're mailing out 1099k's with no tax ID on them to sellers registered in VT and MA. Then the seller is supposed to fill in their tax ID when they get it?

Could be due to conflicting state and federal laws. State is requiring a form be sent out but the forms are incomplete since accounts haven't passed the federal threshold?

IDK.

[Gladiator]

Originally Posted by phaz0rz

Maybe.. just maybe.. they're mailing out 1099k's with no tax ID on them to sellers registered in VT and MA. Then the seller is supposed to fill in their tax ID when they get it?

Possibly. They require the issuance of 1099-MISC forms. All that's done is another 1099-MISC is filed with the SSN/EIN once filled in.

[phaz0rz]

So it's a 1099-MISC these states are sending out and not 1099k's?

[Gladiator]

Originally Posted by phaz0rz

So it's a 1099-MISC these states are sending out and not 1099k's?

Yep. When you don't have the SSN/EIN they issue the MISC form.

[yankee]

Originally Posted by Gladiator

Yep. When you don't have the SSN/EIN they issue the MISC form.

So it is issued but NOT reported to any agency?

[phaz0rz]

Originally Posted by yankee

So it is issued but NOT reported to any agency?

I'm guessing that's the case, seeing as how the form can't be officially filed with any agency without a tax ID. Our accountant confirmed to me this morning that your tax ID is used for filing purposes and not your name/address.

[Gladiator]

Originally Posted by yankee

So it is issued but NOT reported to any agency?

That is correct. If the address existed or a real name attached to the account, they could possibly audit the person if they got too concerned over missing funds for that party I'd suspect at the state level.

[yankee]

Originally Posted by Gladiator

That is correct. If the address existed or a real name attached to the account, they could possibly audit the person if they got too concerned over missing funds for that party I'd suspect at the state level.

But how would the state know?

I had a big state tax issue in MA. Long story short, they received my 1099K from 2011 from the IRS when I filed a new MA LLC in 2014. If I never filed a MA LLC, MA would have never even known.

If Paypal does not have a tax id and are not reporting to any agency, just creating the form like banks do, I dont see any issues to come up years down the road for any of us who never even know they may or may not have sent one of these.

[Gladiator]

Originally Posted by yankee

But how would the state know?

I had a big state tax issue in MA. Long story short, they received my 1099K from 2011 from the IRS when I filed a new MA LLC in 2014. If I never filed a MA LLC, MA would have never even known.

If Paypal does not have a tax id and are not reporting to any agency, just creating the form like banks do, I dont see any issues to come up years down the road for any of us who never even know they may or may not have sent one of these.

True, you just never know if they log it by address and eventually could link it but it'd only be in situations where the name/address was fully real. Debt collectors have matched people without SSN's before so you just never know. Either way, if the person isn't a con man and paying their taxes it wouldn't matter whether they kept a log or notice.

[bestvipz]

This is not 1099-MISC. This is 1099k that was mailed at the end of January 2018 and returned. They asked that I have to update to the correct address and email PP to let them konw so they will mail it again. No SSN or tax ID attached to any of these accounts. What if you don't update the correct address . Will they limit your account and hold the fund for good or 180 days.

[Canadianleaf]

Im in a similar situation, 1099K's are mailed out every year around this time - my stealth accounts (Amazon) use non existent room numbers for apartment buildings. For example, if the apartment is 7 stories ill have apt#909.

The mail will 1099K will likely arrive at the apartment address, the courier will not see the #909 mailslot and either leave it out in the mail area and management will eventually find it, question the false apt#909 and likely open the mail to find out who it is. They'll see my stealth information and sales and a name that does not live at the apartment - if they're zealous enough maybe they'll even contact Amazon. I can't say what will happen.

[Hercules]

I found something that confirms what you guys said earlier...The PP/ebay acct I mentioned is from VT. It's 6 years old I guess I forgot I even made one in that state back then!
So that makes me feel a whole lot better.

[Gladiator]

Originally Posted by bestvipz

This is not 1099-MISC. This is 1099k that was mailed at the end of January 2018 and returned. They asked that I have to update to the correct address and email PP to let them konw so they will mail it again. No SSN or tax ID attached to any of these accounts. What if you don't update the correct address . Will they limit your account and hold the fund for good or 180 days.

How do you know which form they sent if it was returned? Is it in your account for download?