Forum

Is Paypal hammering everyone else for their Tax ID?
 

Hello fellow Forum members!

Hey is it just me or is Paypal hammering everyone else with endless e-mails about providing your Tax ID? :rant:
To be quite frank, they seem to be a little rude in their e-mails. Saying, "Why haven't you contacted us or provided your ID Number yet?"

I can provide the SSN number and suffer no limitations. That seems to be the easy way out and to get the damn monkey off of my back! But on the other hand...I know the Forum is not in favor of such actions and want to keep in compliance with the Forum because I have had so much success. :juggle:

Any opinions or suggestions would greatly be appreiated!

Thanks again!
waterproof =}

Its pretty simple. YOu want to go stealth you need to abandon it and start over. If you want an account that traces to you then go with SSN or EIN. I would not go with EIN unless you have read this forum thoroughly though.

I have been with the same Stealth account for 2 1/2 years. If I provided the SSN, it would match the friend that I set my Stealth Ebay/PP up with. Would that trace to me somehow? Thank you for your reply!

Yes indeed, Ive been hammered for weeks for those pesky SSN or EIN. Well until today, today accounts were locked from withdraws until SSN provided.

but not limited....

It is the law. All selling venues must follow the law as well or they will be shut down.

Allegations & secrets would be illegal so dont. Its either use your SSN alone or with the EIN or not. There is no in between or secret way to get around it. Just wait until next year folks. Or maybe the next. You think 20k is bad???. see what might come down the pipeline........ The Business channel touches on it occasionally but until the IRS makes a statement we wont really know for sure. The IRS spokesperson stated that they will see how the reportings go for the 1st year of this rule before any changes will be even discussed.

You watch, they will see the billions created in tax dollars and realize that was just the 1st year and those were just some of the people brave enough to report.

The fly by night "hustlers" as I call them are either going to have to grow up and be a real business or get jobs.

But I dont want to get a job! :mad2:

Without hitting $20K? I've had 2 accounts that have received these emails for a couple of months but they are still working fine.

the middle 2 #'s are the month of birth and the first 3 i believe are the state issuer. but if it's stealth i don't see how it can be verified.

Thats not true, The middle 2 numbers mean nothing about month of birth. My son, daughter wife Nor mine are close to that number.

Can I use someone elses paypal with their SS and put my EIN? So I can claim the money? paying tax is not a bad thing... getting suspended from paypal because they have your tax info is!!!!!

I wouldnt try it but if you want to burn a good SSN and a good EIN that you get one of then be my guest. I would not though. Start over.

That's still illegal if you get caught using someone elses ssn.

You are correct, i was wrong.It's actually a region code i believe. google talks about it lol

Yeah I read that too. Something like region code then a group code.

silly idea. Not recommended.


Leave another person's SSN out of anything to do with tax. Make your own EIN & proceed from there.

I am really surprised, as to how many people say things without understanding them, or trying to at least verify their claim first.

The only correct thing above is in regards to the first 3 numbers. They are the first 3 digits of the zipcode where your SSN was issued. Now that doesn't mean that it will be the exact zipcode, but it will be the proper state. Remember that verification question they ask "which state issued your SSN"?

Now the rest of the numbers are setup in a specific way. You can find this information and read. The middle two are the ones that can specify the date of issue down to a frame of a couple of years.

All that is just the Offline verification without ever connecting to any database.

Social Security Administration provides a simple service where a potential employer inputs a name and ssn and gets back a match/no match response.

All CR bureaus provide the verification systems where the SSN and DOB as well as the name are verified with a softpull against the credit report data. The running party doesnt see any financial info, just get a returned match/no match for the inputs.

All 3 verifications are automatic and built in the large companies systems(ebay PayPal, etc), no one uses the offline method as far as I know, as it is too simple to verify with above.

Now you don't have to guess how they know. I am pretty sure most thought they just take your word for it :)

THANKS! At least it is good to know that I MAY not be limited! If I were locked from withdraws or receiveing payments, then I can provide their requestd information.
I appreciate your reply to this thread too!

waterproof=}

Thank you for your reply, however I am not a selling venue. I am your typical "sell from the garage and closet seller" with an ocassional buy to sell for for extra gas money, half car payment etc...

What is next?...Paying taxes on our front yard Garage Sales? C'mon :pop2:

Thanks again KingRay! I great deal of truth to what you stated below! I have said this before, but what is next...will be litteraly be taxed on our "front yard garage sales"?
Your are right though...wait until they see the incoming taxes for the first year.

Same here.

Some how they can verify by the last four and your birthday if you sign up for credit karma it only asks for last four and birthday

Sent from my PC36100 using Tapatalk

Okay....How about this. The SSN is ready if perhaps I need it. Please keep in mind that I will NEVER exceed the 20K limit for tax purposes and poses no threat to the holder of the SSN.

Would it advisable to just NOT provide any SSN at all until it is asked for.? Apparently you DO NOT get Limited, but only Blocked. And when you provide the SSN, then your funds may flow as they did before.
Does anyone agree?

Thank you very much again!

waterproof =}

My 2nd Pp got hit yestarday with the ssn request and i know i didnt hit the 20k mark cause i havent used this paypal much this year it was a spare one so i must had triggerd it by going over 200 sales or that they just want ssn's quicker now days.

If you would prefer to be stealth longer hold out for them to ask. They only due a limitation if it came down to it anyway. And when you provide it they instantly open it as it was prior. A couple weeks later though if you info doesnt match up then it gets locked up again. They open it instantly and send it to review for some reason.

I received an email from paypal two weeks ago asking for my tax id. As others I haven't listed 200 items neither reached the 20k. What do you think, should I abandon this account until next year an this tax id request will disappear or sell as many items as I can before it dies?
One more question: is this 200-item, 20k limit for a calendar year or for a year which counts from the day the first item was sold?
thank you!

This is a calendar year. It works on the IRS fiscal year not on a Paypal timeline.

Yes calendar year for sure. Has nothing to do with paypal.

Also, I have a feeling all the accounts people are letting go and think they are going to be fresh next year may not happen. I think they will still be limited until they post it.

They know what people are doing and the IRS wont let it happen very long. This year is a learning year for the IRS. Things WILL change soon. Not sure how long but they will make drastic changes to upcoming years.

Thanks for the info doughboy! That's good to know! They (pp) say you need to meet both criteria, but...it seems one is suffice for some and not others.?.?
Thanks!
waterproof=}-

Never heard of "Credit Karma"? Is this a site? Thanks!

Very good question to ask! Are we speaking of January 1st to December 31st as a fiscal year? Or when the first item was sold as being the first day? Thank you!

What is the IRS fiscal year? Is it Jan 1 to Dec 31st? Thanks!

yes, it's from Jan 1 to Dec 31.