What happens when you hit the 1099k threshold?

[martyjump]

For those of you who hit the 1099k threshold in the past and had already provided a Tax ID number on Paypal or wherever- what happens when you hit that threshold? Do they contact you to verify the tax ID number and address? Or does business go on as usual?

[agent006140]

if you have already provided them the information to prepare a 1099K,it will just use it ,one copy for you and one copy for IRS.