PayPal wants my SS#
10-03-2011, 07:01 PM
#101
Junior Member
Join Date: Mar 2010
Location: Massachusetts
Posts: 102
Send the entire email to: [email protected]. They will let you know if this is real. Anytime I receive email from paypal that looks suspicious, they get back to me. I have seen some really authentic looking emails that says they are from PayPal so when in doubt I double check.
10-03-2011, 07:10 PM
#102
Super Member
Join Date: Nov 2010
Location: Illinois
Posts: 3,915
Originally Posted by janell2009
Originally Posted by marknfran
Originally Posted by kriscraft99
I haven't sold anywhere near $20k but they are still wanting my social security number.
Has anyone else here run into the same situation?
Kris
Has anyone else here run into the same situation?
Kris
ANYONE OVER THE INTERNET!!!!!
NO NO NO NO NO NO DO NOT GIVE YOU SOCIAL SECURITY NUMBER OVER THE INTERNET...... THEY CAN SEND YOU A FORM IF THEY NEED YOUR TAX ID NUMBER.
10-03-2011, 09:55 PM
#107
Super Member
Join Date: Jan 2011
Location: Riverside, CA
Posts: 1,634
Ok i just went to paypal and checked this out. It is correct why they are asking you to provide because you met one of the requirments and you are close to the other as per this:
What is Internal Revenue Code (IRC) Section 6050W? Under the new legislation, we’ll report to the IRS the total payment volume received by US account holders whose payments exceed both of these levels in a calendar year:
$20,000 USD in gross payment volume from sales of goods or services in a single year
200 payments for goods or services in the same year
The IRS changes apply to all payment providers, including PayPal and include all sales that occur on or after January 1, 2011, with the first reports going to the IRS in early 2012. Our goal is to help PayPal sellers understand and comply with the new requirements.
Before your payment volume exceeds the reporting thresholds, you’ll be asked to add your tax ID number, such as a Social Security Number (SSN) or Employer Identification Number (EIN), to your existing account(s), if you don’t already have one on file
What is Internal Revenue Code (IRC) Section 6050W? Under the new legislation, we’ll report to the IRS the total payment volume received by US account holders whose payments exceed both of these levels in a calendar year:
$20,000 USD in gross payment volume from sales of goods or services in a single year
200 payments for goods or services in the same year
The IRS changes apply to all payment providers, including PayPal and include all sales that occur on or after January 1, 2011, with the first reports going to the IRS in early 2012. Our goal is to help PayPal sellers understand and comply with the new requirements.
Before your payment volume exceeds the reporting thresholds, you’ll be asked to add your tax ID number, such as a Social Security Number (SSN) or Employer Identification Number (EIN), to your existing account(s), if you don’t already have one on file
10-04-2011, 04:34 AM
#109
Super Member
Join Date: Feb 2010
Location: Louisville, Kentucky
Posts: 1,915
NO NO NO NEVER GIVE YOUR SS# TO THIS EMAIL....I got the same email and contacted Paypal.... they never ask for that kind of information. I sent them a copy of the email and four more after that one. Hope you did not respond to that email.
10-04-2011, 05:10 AM
#110
Super Member
Join Date: May 2009
Location: Norway
Posts: 1,509
Originally Posted by kriscraft99
I haven't sold anywhere near $20k but they are still wanting my social security number.
Has anyone else here run into the same situation?
Kris
Has anyone else here run into the same situation?
Kris
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