Payouts on Hold on Stealth Acc

[zishan786110]

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]

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

[Luminary]

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

[zishan786110]

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]

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

[JamesNorth101]

Originally Posted by zishan786110

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]

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]

Are you not in USA?

[zishan786110]

Yes, I am located in the USA

[Luminary]

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

[SaiJin]

Originally Posted by zishan786110

Yes, I am located in the USA

Then go to IRS.gov and apply for one.