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can't receive money until i provide tax id question?
 

I have had 1 Ebay/ paypal account for the last 10 years and have 850 positive feedback with no negatives. I started this year (2013) with over 200 transactions but only made $5000. Now when i log into paypal it says.

"We've asked you several times to provide your tax ID number due to new IRS rules, but we haven't heard from you. Until you provide your tax ID number, you can't receive money or close your account."

I have never been banned or suspended before so my question is should i just give up on this account and start making stealth accounts.

Or should i just give my SSN so i can keep my main account with perfect feedback i have had for the last 10 years and just not go over $20,000? If i give my SSN now will they give me a problem for having bad credit.

Also will giving my SSN make it harder for me with steath accounts in the future. Please advise.

:confused:

I would provide my social if the account is good and you plan on keeping it good.

Why lose it all if you are not selling any weird items or "high risk" but if you think the account is going to get knocked out anyway why give it.

I guess the real question if it is only limited for the SS or is it something else and they are using the social to gather more info before they give you the hand of death.

Only you know what you have or have not done to get the money in and what you sold.

Good luck

They ask for the info i think right on the 200th transaction this year.

I don't think i will get this hand of death you speak of....but idk

I can still pay for items i buy on ebay and withdraw money no problem.

I just can't receive money or list anymore items.

I guess my worry is if i give my SSN now with it cause me problems with the stealth acct i'm about to make with my nick name + alt address ect...

Should i try to get a EIN and give that a try first?

I'm ready to sell a few more items on my main acct before i phase it out as i start some new stealth accts.

As a LAST resort, give your SSN.

Avoid that for as long as you can.

EIN being supplied could work.

Greenbean I agree but a 10 year old account all that feedback why not give it to them especially if the account is 100% legit?

If it appears you will cross the 20K mark they ask.........

If i get the EIN but not sell over 20K this year should i be ok?

I'm not sure how long it will take me to start selling on a stealth and i wan't to get around 15K on my old acct this year.

Since my ebay acct is a legit power seller that is verified i dont want to give it up so easy.

But i will just let it sit not give the SSN and quit selling on it if that would be a smarter move since i am ready to start my first stealth soon.

Try EIN first at the same time start do sale on new stealth too.

Keep an eye on the sale and make sure it wont pass 15,000 at the end of the year your stealth would make at least 50 feedback and it should be sufficient enough.

Remember new stealth with no feedback will become old stealth with valuable feedback if you start to utilize it.

Give them you SSN and don't forger paying taxes

I paid this year 30% in taxes from my net profit

I paid this year 30% in taxes from my net profit[/quote]

You made over $20,000 on one acct?

If so why did you not stop at 18k and start a stealth to avoid taxes?

The purpose of stealth isnt to avoid paying taxes. I was under the impression, that it was for getting back on eb/pp, once you were suspended or banned. I made some mistakes selling items that were questionable in the past, all for a quick buck..ie..greed...i learned my lesson...i use stealth as a second chance to do things right..

By making more and more accounts just to skirt around paying taxes, is quite frankly criminal. I understand that eb treats people unfairly, as does pp..but i always thought 2 wrongs dont make a right...if we want to use eb/pp, we must play by their rules..

Just my opinion...

I just want to have 2 accounts my main one i have had for 10 years and a stealth one because i don't want to get limited anymore.

If i sold 12k on one and 11k on another would i be wrong for that.

My main question is should i give my SSN for my main account or will it just cause me problems with my new stealth i'm about to make this week later down the road.

Will giving my SSN make it easier for Ebay & PP to link me in the future.

This is my real account with social security attached

Yes giving your SSN to paypal will be much easier to sell

You don't have to worry about limits sell how much you want but you have to pay taxes:):juggle:

Because they will find some way to mess with you in the end anyways...

People need to understand the 200/20k is just a number.

You can get the request for very low amounts not even close to those numbers. Many have.

It is the "potential" of you hitting those numbers.

For instance, If you have already this year sold 150 items and for example 5000 worth be prepared because it is coming soon.

Add an EIN.

Avoid SSN if all possible because they will find a way to can your name and SSN at some point in time.

Never avoid paying your fair share of taxes on your profits.

Make good use of legal tax deductions etc.

Yea, Sandy i think your right that it's the "potential" for hitting $20,000.

Why is it better to use an EIN than a SSN?

It says if i want to use an EIN i need to Upgrade to a Business account.

Is Upgrading to a paypal Business account a good idea?

$5,000 in sales before month 3 has ended

$5,000 x 4 = $20k + projection since March isn't even over

If you don't have a history of selling on PayPal the last few years with the new rules you will have this happen early on.

They do monthly projections based on current sales. I have said time and time again spread out your sales and try to keep your projections low.

Have back up accounts.

If you start off selling to much the next month move some listing onto another account.
I am surprised you go it this early in the year.

But this is exactly why you need lots of accounts and spread your sales out over the year.

Do you really want to give paypal your SSN and allow people in foreign countries to have access to your information when some of them have no security protection with your information?

I have been telling people this since this all got started. My book keeper told me from day one that info to them is be prepared for a bunch of ebayers coming in and the request will come NOT AT 200/20K but on the accounts that have the "potential" of hitting those number based on current year sales.

PP is worried the IRS will nail them if they miss a few of these so they are sorting people out and covering their backs.

Yea, your right i made around 5k in 3 months and that is where i went wrong.

I was stupid to make this mistake and now i don't know what to do.

My main Ebay acct is now at 900 feedback 100% positive with all my real info.

I started a new stealth acct this week with my nickname but it will take months to get going if i'm lucky.

I wan't to give my SSN for my main acct and sell another 10k with it for 2013.

But i don't wan't to give my SSN if it will jeopardize my future in stealth.

I made a mistake starting off the year selling to fast and hope others learn from my mistake.

Since i can't receive money on my main ebay/paypal acct anymore i guess i will just let it sit and become a buyer acct only. :doh: