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- - Payouts on Hold on Stealth Acc (https://www.aspkin.com/forums/subscriber-discussions/147153-payouts-hold-stealth-acc.html)

zishan786110

03-24-2022 11:05 AM

Payouts on Hold on Stealth Acc

Need help from the Forum Fam,

I got a message on my Stealth Acc stating, " Your payouts are on hold. Starting on Jan 1, 2022, the IRS requires us to collect each seller’s 9-digit SSN or ITIN in order to send a Form 1099-K to those who sell $600 or more. Add full SSN or ITIN".

What's some ways that I can get around this?

JamesNorth101

03-24-2022 11:06 AM

Re: Payouts on Hold on Stealth Acc

It basically tells you what you have to do there is no other way around it I’m afraid

Luminary

03-24-2022 11:52 AM

Re: Payouts on Hold on Stealth Acc

Unfortunately, there's no way to get around it. That came into effect this year.

zishan786110

03-25-2022 09:58 AM

Re: Payouts on Hold on Stealth Acc

You wouldn't happen to know any websites that can help with this? Does it work that every month if you hit $600 they will ask for your SSN or ITIN, or would the 2 month be $1200 then they ask?

Luminary

03-25-2022 10:45 AM

Re: Payouts on Hold on Stealth Acc

It's $600 for the entire year, unfortunately.

JamesNorth101

03-25-2022 10:49 AM

Re: Payouts on Hold on Stealth Acc

Quote:

Originally Posted by zishan786110 (Post 1188028)

You wouldn't happen to know any websites that can help with this? Does it work that every month if you hit $600 they will ask for your SSN or ITIN, or would the 2 month be $1200 then they ask?

Per year.

You just need to use an EIN

zishan786110

03-28-2022 08:24 AM

Re: Payouts on Hold on Stealth Acc

If am not using PayPal, and only using eBay payouts (Bank Accounts), what are some good ways I can take to receive an EIN?

SaiJin

03-28-2022 07:20 PM

Re: Payouts on Hold on Stealth Acc

Are you not in USA?

zishan786110

03-30-2022 08:14 AM

Re: Payouts on Hold on Stealth Acc

Yes, I am located in the USA

Luminary

03-30-2022 06:11 PM

Re: Payouts on Hold on Stealth Acc

If you're in the U.S, obtaining an EIN is simple.
Apply for it via gov website.

SaiJin

04-18-2022 09:03 PM

Re: Payouts on Hold on Stealth Acc

Quote:

Originally Posted by zishan786110 (Post 1188534)

Yes, I am located in the USA

Then go to IRS.gov and apply for one.

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