Forum

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:

If you don't want to give your SSN go to mycorporation.com or legalzoom.com and open an LLC. The nice part is if you have a few strong accounts with a lot of feedback you can open a few LLC and here you are,bingo:)

I did have this happen to me late last year. I hit like 18.9 mid December. The PayPal account was reinstated mid Jan I am assuming right when they sent out the 1099ks.

So i need to upgrade to a paypal Business account to use a LLC or EIN?

^good question, does the PP need to be upgraded to a Business Account PP in order to enter LLC or EIN (instead of SSN)?

Im, still waiting for someone to give me some advice if it's good to upgrade to a PP Business Account.

I am sure you would have to upgrade to a business account in order to use an EIN since it is an "Employer Identification Number".

As far as those paranoid people saying "Do you want forigners to have access to your SSN?" Get over it, when I worked at verizon there were plenty of dregs of society that I worked with that had access to SSNs etc. Your information is already out there and is secured on systems that accept applicants off the street with a pulse and the ability to stay awake for more than 8 hours at a time as the basic requirments. Your information can be compromised easily as it is and by people that can use the information.

So. Give them your SSN if you want to be able to sell on the account. If you fill out information for an EIN the IRS will still know who you are. The benefit of using an EIN w/ paypal is that PAYPAL and EBAY can't identify you by your EIN or SSN, so they don't link.

I really get the impression that you are really trying to avoid paying taxes all together. I don't know what you sell, but considering the content of this site, I'm sure that most of these people here have accounts with dhgate and ali express.

So if you are one of those that has one of those accounts, you are making good money and should at least pay the taxes on what you are selling. The intent of all of these "suspension" sites is to show you how to avoid being linked by ebay/paypal or amazon. It's not here to show you how to avoid paying taxes.

If I am wrong, then I apologize. Keep in mind, although paypal and ebay won't link an SSN to an EIN, the IRS can. If eBay has both on two different accounts and decides to provide the info to the IRS willingly instead of waiting to meet the required threshold, the IRS will know both accounts belong to you and tax you accordingly.

this "potential" to hit 20k is such a pita, if the law is 200/20k then shouldnt they ask for it when you hit that or are about to hit that, not when you are 25% of the way there

Received 1 today, added an EIN. but i don't think i should of. This account sold 82 items last month for a grand total of $500

Will say again - on previous posts - pp can limit you based on PROJECTION estimates...so you will get hit way before 20k if you are selling at accelerated speeds.

Why do you not think you should of added an EIN?

Is giving paypal your SSN not a good idea if you have bad credit?

Can they close your paypal for bad credit alone?

Can they credit check an EIN?

It's not a stealth its my real acct with all real info i had for 10 years....

I would never give them information that they can KEEP on you

paypal keeps records of everything...i doubt they close your account for bad credit alone.

BUT if you give SSN, you can never use it again with pp

AND, if you go delinquent...your credit history can be affected.

Few examples of why not to give them that powerful info

Sighs. Forum was never designed to give tax advice.

Inaccurate info get dished out like lollies.

It's the sellers' duty to arrange their own tax issues. Your business plan is not known and we do not want to know it either.

Bear that in mind instead of posting when your info is merely an opinion. An opinion could get a fellow user in trouble with paypal and IRS.

It is not such a wise idea to supply an SSN to paypal.

Since their ability to use a credit score came to be, some users here have had their paypal accounts closed down.

The bottom line reason was the credit score was not high enough to let paypal consider doing business with that account . These accounts were what I would describe as going smoothly. No real or great risk as a business. They became victim to the paypal snitch game.

Brings me to the point of what paypal will do and what paypal might not do.
Users can certainly create EINs to attach to existing accounts.
But there is also a chance paypal may ask for an SSN. That is a risk.

paypal will check whatever it wants to check if an account is flagged. Pointless to say this will not happen. It does.
Users getting the tax ID request are having success with the EIN going on file. It certainly allows that seller to go on doing business and accessing funds.

where there is a (potential) credit issue, careful establishment of the EIN may preclude grief with paypal.
I hope this helps you, Jackson.
:peace:

Here is the REAL Deal all BULL$^IT Aside
An EIN and an SSN are basically the SAME thing, it is a Number that Identifies you to the IRS, the ONLY Way that you can get an EIN from the IRS is if you have a SSN

Now, as for Paypal, it is ALWAYS Best to give Paypal an EIN because there is ONLY 1 reason that this Number Exists, and that is to PAY the IRS Tax Money so NO ONE would ever want to Steal your EIN, Unless they want to pay YOUR Taxes, with an SSN an Idenity theif can access your credit, and then some, that is the PRIMARY Reason to hang on to your SSN

As for Needing and LLC to Obtain an EIN, That is a MYTH

As for Having to PAY a fee for an EIN,,,BULL$^IT, They are Free, as many as you want, got to the IRS Website and SEARCH

As for Upgrading Your Paypal account to a Business,,,EASY as Hell,,,3 SIMPLE Steps, ANY Retard can do it,,,,,STONED AND DRUNK,,,

So Go out get yourself a Damm EIN,,,Upgrade your Paypal account and Spare us all this BULL$h^T

If I seen a little HOT,,,It is because I have Posted this info MANY TIMES, but NO ONE wants to do a little Research,,,,,,,,,,,,,

Here Endeth the Lesson,,,,

Thank you very much one last question...

When Upgrading my Paypal account to a Business what is the difference in going with Individual vs Sole Proprietorship?

The PP acct is only for me so would partnership, corporation or non profit even be aan option?

It all depends on what reason you file with the iRS for wanting an EIN, when you go to the IRS website to apply for an EIN you will see what I mean, you set up you Paypal accordingly

The only reason i'm trying to get the EIN is so i dont have to use my SSN on paypal. So i'm not sure if Individual or Sole Proprietorship is the better option.