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hazy	12-04-2012 05:44 PM

Adding EIN to Paypal...Do I select Sole Prop.?

I have an EIN ready to go for one of my Paypal accounts and after asking me to upgrade to a business account, they ask what type of business it is. It is registered as a Sole Proprietorship but I remember seeing somewhere that paypal cross references the name of the owner with the IRS records since a Sole Proprietorship only consists of one person. Is this true? Should I say it's and LLC or will that just cause more problems?

hazy	12-05-2012 12:40 AM

I have searched all over but cannot find a clear cut answer and all of the related threads have been closed. The reason I am asking is because my real info linked to the IRS will not match any of my paypal info if somehow cross referenced...

GreenBean

12-05-2012 01:34 AM

Quote:

Originally Posted by hazy (Post 398574)

There is no tax expert here that is going to give a user info that might put them in bad standing with the IRS.

Forum has never been about doing taxes. You will/should have noticed that on the closed threads.

Internal Revenue Service

Look at the IRS site. Avail yourself of the toll free number....

:peace:

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