PayPal wants my SS#
10-02-2011, 12:52 PM
#11
Senior Member
Join Date: Mar 2011
Location: South Dakota
Posts: 414
Originally Posted by romanojg
Are you getting this in an email; if so run like crazy? If Pay Pal needs anything from you they'll have a message on your account. I get emails constantly from Pay Pal (supposedly) to update my account but I just delete them all. This scam has been going around for years. I now get them from Wells Fargo since they bought a bank chain saying the I need to update as well; my account has been closed with them for over 5yrs; I delete those as well.
10-02-2011, 12:53 PM
#12
Senior Member
Join Date: Mar 2011
Location: South Dakota
Posts: 414
Originally Posted by kriscraft99
oh it is legit.
When I sign into my PayPal account - there it is, in big red letters.
I know that once you reach $20,000 in transactions AND 200 transactions that you have to file a 1099 for taxes here in the States. I'm over the 200 transactions but no where near $20,000.
Kris
When I sign into my PayPal account - there it is, in big red letters.
I know that once you reach $20,000 in transactions AND 200 transactions that you have to file a 1099 for taxes here in the States. I'm over the 200 transactions but no where near $20,000.
Kris
Originally Posted by julybaby8
You shouldn't give your social security number. I've never heard that. Are you sure it is legit and not a scam?
10-02-2011, 12:54 PM
#13
Super Member
Join Date: Nov 2010
Location: Milton DE
Posts: 3,189
This is true...I worked for Soc Sec...do not give out your no. A tax ID is not your Soc Security no...That is issued to you when you call IRS and ask them to issue you a Tax ID no. for reporting Self Employment income...i.e. selling on ebay up to 200 or 20,000...NEVER give out your SOC SEC No...
10-02-2011, 01:02 PM
#14
Power Poster
Join Date: May 2010
Location: Bakersfield, CA
Posts: 13,214
Originally Posted by kriscraft99
oh it is legit.
When I sign into my PayPal account - there it is, in big red letters.
I know that once you reach $20,000 in transactions AND 200 transactions that you have to file a 1099 for taxes here in the States. I'm over the 200 transactions but no where near $20,000.
Kris
When I sign into my PayPal account - there it is, in big red letters.
I know that once you reach $20,000 in transactions AND 200 transactions that you have to file a 1099 for taxes here in the States. I'm over the 200 transactions but no where near $20,000.
Kris
Originally Posted by julybaby8
You shouldn't give your social security number. I've never heard that. Are you sure it is legit and not a scam?
EDIT: I see others posted that as well.
10-02-2011, 01:53 PM
#17
Super Member
Thread Starter
Join Date: Aug 2010
Location: Upstate, SC
Posts: 2,164
I just logged into PayPal and this is what it says:
Starting in 2011, all US payment providers including PayPal will be required by the Internal Revenue Service (IRS) to report sales information to the IRS about certain customers who receive payments for the sale of goods or services through PayPal. We want to help you understand these changes.
Applies to sellers receiving over $20,000 in gross payment volume AND over 200 payments
Applies only for sales on or after January 1, 2011
Questions? Login to your account or call 1-888-221-1161
Starting in 2011, all US payment providers including PayPal will be required by the Internal Revenue Service (IRS) to report sales information to the IRS about certain customers who receive payments for the sale of goods or services through PayPal. We want to help you understand these changes.
Applies to sellers receiving over $20,000 in gross payment volume AND over 200 payments
Applies only for sales on or after January 1, 2011
Questions? Login to your account or call 1-888-221-1161
10-02-2011, 01:56 PM
#18
Super Member
Thread Starter
Join Date: Aug 2010
Location: Upstate, SC
Posts: 2,164
Barb - I got an email from PayPal. I ***never*** click links, I went to the PayPal website and signed in like I normally do and there it is... "we need your tax information".
I just don't understand why they need it if I don't meet both requirements. It makes me a little scared :?
I just don't understand why they need it if I don't meet both requirements. It makes me a little scared :?
Originally Posted by ptquilts
It is 20K AND 200 transactions. Are you going to PP through a link in your email? Or are you logging in through a bookmark?
And yes, your SS # can be used as your tax ID # for a sole proprietorship.
And yes, your SS # can be used as your tax ID # for a sole proprietorship.
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