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-   -   40,000 cap instead of 20k anyone else had simular (https://www.aspkin.com/forums/subscriber-discussions/36914-40-000-cap-instead-20k-anyone-else-had-simular.html)

bluegrass1 09-19-2011 07:52 PM

40,000 cap instead of 20k anyone else had simular
 
experince i hit 39,000 before i got the "request" i got to thinking i had two bay users, accounts linked to one pp did this give us a 40,000 cap instead of 20,000 i know this goes against stealth accounts but if this works its worth scarificing one name for another 20k !

123 09-19-2011 08:32 PM

No, most likely just a error on there part there required to ask for it on 20k and 200 transactions by law so wouldn't matter whether you had 1 ebay account or 100 ebay accounts linked.

Hercules 09-19-2011 09:29 PM

If you think like PP, it doesn't matter. They have a year to ask you. If you don't come up with the info, they suspend you and it's lost forever. Nothing to report to the Gov without an EIN.

KingRay 09-19-2011 10:26 PM

Yeah just a glitch, I was asked about that far as well.

Not sure how it will work for people that hit it and dont get asked yet. I am checking into it actually with someone familiar with this stuff. I am seeing what the legal limits are for paypal to get SSN from banks when it comes to IRS reporting.

People always say no they cannot but not sure how their legal dealings are and what overrides what when it comes to the IRS needing the info.

When I find out I will post it.

JRYAN34 09-20-2011 12:12 AM

i have reached the 250k on amazon and yet to receive any tax info request


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