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"Please provide your tax ID number"
 

I'm at ~400 sales and ~3000 gross payment volume and PP just asked for tax id#. Will they limit the account if it does NOT hit $20K and I don't provide id?

Don't tell me to use the search function. I've done that all morning with no answer to my question

Probability is when they ask for your Tax ID they mean supply then with it, it's a submission from PayPal to ask you to submit the information if not you'll probably get limited. My guess is as good as yours!

Yea well, they say they ask for it because I'm approaching the limits and to "avoid interuptions" although it's a bit from $3k to $20k..

There's a saying on here "Give Them What They Want" usually if you provide PayPal they'll provide you!

Maybe he can not provide

Ok, I have now received my 3rd email from PP and they have changed the wording some since last email.

Last time Aug 22nd they said "We haven't heard from you yet about your tax ID number. PayPal needs your help to comply with these regulations and avoid interrupting your use of PayPal."

This time, Aug 27th they say: "We haven't heard from you yet about your tax ID number. PayPal needs your help to comply with these regulations and remove the limitations on account"

I have almost stopped using the account, just a few transactions but I can still both receive and make payments, so I don't know what the limitations that PP would remove are..

I am still no way near 20K in transactions though, maybe around 4K

Same here.. any news on this?

why do you need it from yoru location? are you in the US or not?

Also that search you said you did. You did wrong. Its there and one of the most talked about issues. I have answered that already within the last few hrs so I know its there many times. Perhaps you are searching wrong?

When you typed your title that box comes up with several posts that have tax ID in it.

I have an account that they've been asking for the tax id on for months, and it just recently got limited pending additional info. I've been thinking of creating an LLC and using that EIN? I don't know.

You can but its not going to be stealth. They are requesting confirmation of the name on the account as well as the business name.

th SSN or EIN is simply not going to be stealth. If you want stealth then dont even think of those. you are going to have to abandon it and start a new account. There is no other way.

lost cause if you dont provide. you can try the old talk to a rep and weave your way through it...if its not life or death account...build a few more.:juggle:

Did you get a limited after you hit $20,000 or before $20,000?

You know, now that I think about it, it got limited probably right around the $20k mark.

Well, you are going to have to give Paypal Something, or Paypal is Required by Uncle Sam to Send I believe it is 1/3 of your Paypal accounts Money to the IRS, which of Course you will get in the Form of a Credit which you will be able to apply to your Income Taxes, and of course if you "Overpay" Your taxes You will get a Refund from the IRS.

Understand that it 1/3 of the TOTAL Money Paypal Processed in your account for the YEAR NOT the amount of Money that was in the account at the Time it was limited, so if you Processed $9000 for the Year and you DO NOT provide a Tax ID Paypal will send $3000.00 to the IRS On Your Paypal accounts Behalf,,

That is Why Paypal is asking for these Tax ID Numbers in accounts that have only Peocessed a Little bit of Money

slapped im not ?ing you but im not real sure this is how it works. Hmmm please let me know, if this is the case we're doomed. I dont see irs billing paypal for money ive taken in.

The IRS will NOT be Billing Paypal,,The IRS will Simply Require Paypal to turn Over as Much Money as they can to meet the Goverment Requirement, they will "Bill" you for the Rest,,and By the way This IS the way it will work,,

Good info I gotta start keeping my tax Id accounts low balances. I usually try to leave 200ish to cover refunds just not feasible anymore unless. None of mine even come close to 20k. Here is hoping we can link new paypal to the ebay account if not its gonna suck losing top rated accounts before Christmas

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Well im not happy to hear that but thanks for the info slapped...that REALLY sucks.:attention:

So, If I am reading this correctly ebay will collect 30% from me even if my paypal is under $20K. I pay my taxes but if paypal does that I will end up paying taxes twice and I cannot get an EIN because its a stealth account.

Im not sure What you are Reading,,But I Do Know what I Wrote

So now where did you read about Ebay,,Where do I mention Ebay?,,,The IRS REQUIRES that Paypal Report EVERYONE with sales of $20,000, Now in order to Do that Paypal NEEDS a Tax ID so the Goverment Knows who is Responsible for the Taxes Owed,,If Paypal Cannot get a Tax ID from You PayPal will be Required to Turn over 1/3 of the Total amount of the Money they Processed in your account,,This is VERY easy to Understand

slapped, I'd love to read a source on that claim.

A simple search on google or other sites show this as being a fact. Not just paypal, but banks, etc.

Its been on Fox Business channel, Bloomberg, etc.

as slap stated , only people that went over 20,000 and not provide ein/ssn will paypal give 1/3 to irs.

Are you For REAL?,,,Are you Really that Dumb?,,,Source,,,You mean to tell me that you can't figure out where to go to get the Facts?,,,Really?,,,and on another Now Closed thread you talk about how you pay your Taxes on Money you Earn on a Friends account and try to convince People here that what you are doing is Not ileagal?,,,Like as if you Really Knew what you were Talking about,,,But we BOTH know that you have NO Clue,,,and you call youself "Slick",,then you come here and try to call me out on My Info?,,,Did you Lose your Mind?,,,

Now Im gonna Spoon Feed you,,,Here is your SOUCE,,,Open Wide:

http://www.irs.gov/pub/irs-pdf/i1099msc.pdf

That is Form 1099 for 2011,,,Do Not Read the 2010 1099 where None of this is Mentioned and then come back here and say A Ha


Do EVERYONE here a Favor and Restrict yourself to Only READING POSTS, Not writing them,,

Users like you are DANGEROUS,,,You Post such Utter Bull$%it Like as if were indeed Facts,,,,the ONLY thing that can accomplish it to HURT Others.

It is People Like you that post Things Like that Thread of yours that I mentioned above,,where other innocent Less experienced users here might Believe and Wind up getting in a Whole lot of Trouble,,,and for what,,,Because the Listened to a Moron like you,,,

Find out from your TAX PROFESSIONAL and do your OWN HARD WORK to sort taxes out. It's not for the forum to be giving the handout. LOL:amen:

Lets be 100 percent accurate here its just not 20k it's 20k AND 200 transactions

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NO,,,,,,,,,,,it's 20k OR 200 transactions,,,,,,,,,,,,,Whichever comes first,,,,,Guaranteed!!!!


Just use the Link I Provided to Slickjane above to the IRS Website form 1099 for 2011 and READ you will see A LOT,,,Believe Me,,,

Contrary to Popular Belief Reading Will NOT cause Genetal Paralisis or ANY other Sickness,,

the ONLY Known Side effect to Reading is an Occasional case of KNOWLEDGE,,,, but there is STRONG Evidence connecting this Condition to the Material that you Read,,,,So Be careful of what you read or you MAY wind up with a case of Knowledge

That's not true. I've made way over 200 sales on two different accounts and both are still working fine and have been for some 3 months. Says I have to provice tax ID number when I log in though but not limited in any way.

Everything I can find pertaining to it says both too. I dont care though.

I still think that they will be reporting anything you make if you upgrade to business accounts. We can only see when it happens though. They dont have to but if you say you are a business then they should file them. Not saying I would want them all to but think they will.

Of Course it is True,,,Why is paypal asking you for a tax ID then? At some Point if you do Not Provide the Tax ID they Will Limit you,,,Do NOT Think for 1 Second that When Paypal asks you for something like a Tax ID Number that they Won't limit your account if you do not provide it.

More naffin' myths to lead users astray.:doh:
FROM PAYPAL ITSELF....read it and pay attention
tbf, it's a fraction more complicated than was imagined.

Applies to sellers receiving over $20,000 in gross payment volume AND over 200 payments
Applies only for sales on or after January 1, 2011
part of the requirements.

Read the rest. If you have been using paypal, you should have already got this notice.



https://cms.paypal.com/us/cgi-bin/ma...ng_us/IRS6050W

"At some Point" YES, but not after hitting 2k OR 200 transactions as you say. It's 2k AND 200 transactions

"We'll use your tax ID number to send tax Form 1099-K to you and the IRS
when the payments you receive exceed both of these milestones in a calendar
year:
- $20,000 in gross payment volume for goods and services
- 200 payments"

What Everyone here is NOT Understanding about the Requirement is that the Law, and even Paypal are be Saying one thing but PAYPAL is actually doing another,,,

ALL over this forum there are Users Reporting that Paypal is Asking for Tax Numbers LONG Before the 20K, 200 Transactions threshold is even approached,,,There are even a Few who have Gone Beyond the 20, 200, but Im SURE that thats an Oversight on Paypals Part,,,

The Bottom Line is CLEAR,,In Order to make a Successful Stealth paypal account you MUST be Ready to deal with this Issue, almost immediatly upon begining to recieve money in your account,,

Yes, they are ASKING for it, but they are not limiting accounts just after hitting 200 sales

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Stop arguing the point.

NOW to make your plight worse, ebay is preventing users from listing if a TAX ID is not supplied. Pay attention to the post by jarmiz with a screen shot.

http://www.aspkin.com/forums/subscri...ty-number.html


You need to be making arrangements soon. Your account is going to be compromised if you do not.

Obviously if you are using ebay.com & paypal.com, that's a requirement. =}

YES, They ARE Limiting accounts,,,LONG Before ANY 20k, 200 Theshold is even Approached, the Forum is FULL of these types of Posts,,,

Im Sorry,,I Know what you want to Hear,,,you want to hear that as long you do NOT surpas 10,000 in sales in a Year that Paypal will NOT Limit your accout or something like that,,,,We would ALL Like to hear that,,,But is Simply NOT True,,,it is WISHFUL Thinking,,,this Forum is PACKED with users having this VERY Problem on Virtually NEW Accounts,,

Nowadays when you create a Stealth account you MUST be prepared to deal with this Tax ID Issue,,I KNOW that you do NOT want to hear it and the Truth is that NO ONE Does,,,

Good Luck

Yes, they are limiting accounts, but is the reason that the account holder hasn't provided ssn when pp ask for it in this context?

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ABSOLUTLY,,,,,How may times do you think Paypal is going to ask you for something like a Tax ID Number, or ANYTHING for that matter before they Limit your account for Not Giving them the Information they Require?,,,

Paypal will give you SOME Slack, but if you do Not provide the information they will Limit the account,,,There are NUMEROUS Users here that have been limited for this EXACT Reason, do not kid Yourself,,

Get ready for this guys. Its on...Just got this on one of my accounts. Paypal is not even limited but ebay took down all the listings on that account.

eBay has removed your active listings and blocked your account until you've provided your tax ID number to PayPal. Federal law now requires you to supply a tax ID number to processors of online payment transactions.

Once you've added your tax ID number to your PayPal account, please allow 24 to 48 hours for the block on your eBay account to be removed. You'll then be able to relist your items and continue selling on eBay.

For more information about providing your tax ID number, go to:
http://www.paypal.com/irs

To learn how to relist your items, go to:
http://pages.ebay.com/help/sell/relist.html

Thanks,

eBay

Please don't reply to this message. It was sent from an address that doesn't accept incoming email.

Yep, I listed the URL in this very thread a few posts up.

http://www.aspkin.com/forums/subscri...ty-number.html


Pay attention to the post by jarmiz with a screen shot.

reports now coming in of MORE ebay accounts being so restricted.

Battle stations :attention: