Previous Thread
Next Thread
Print Thread
Page 1 of 4 1 2 3 4
Anyone get this message from Paypal? #2976919
10/21/21 05:31 PM
10/21/21 05:31 PM
Joined: Jan 2003
Posts: 5,026
MI
6PAX Offline OP
master
6PAX  Offline OP
master

Joined: Jan 2003
Posts: 5,026
MI
I received an email today with this message from Paypal. Anyone else get it?


"Confirm your taxpayer status to meet a new IRS requirement

The IRS will soon require anyone receiving $600 in payments for goods and services to confirm their taxpayer status. As someone who's received payments through PayPal, you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement and avoid any disruption to your account.

Confirm Taxpayer Status

3 steps to add your Tax ID Number

To meet the new IRS requirement, follow these steps for each of your PayPal accounts.

Log in through the Confirm Taxpayer Status button
Choose your taxpayer status from the dropdown menu
Enter your U.S. Tax ID Number, your name and your business type if it applies.

Then, if needed based on the amounts you've received, we will use the information you've provided to send you a Form-1099-K in January and share this information with the IRS.

If you've already entered your Tax ID Number, you may have received this email because your information doesn't match IRS records. Log in to confirm that it's correct.

Sole proprietors and single-member LLCs: When confirming your taxpayer status, enter your individual name as it appears on line 1 of your 1040, 1040A, or 1040EZ. If you'd rather provide your Employer Identification Number, submit your Form W-9 together with proof of filing of Form 8832 to taxdocumentupload@paypal.com to ensure that what we provide on your 1099-K matches IRS records."

Re: Anyone get this message from Paypal? [Re: 6PAX] #2976920
10/21/21 05:36 PM
10/21/21 05:36 PM
Joined: Aug 2019
Posts: 6,043
Super Spudsville
Mr PotatoHead Offline
Half Baked
Mr PotatoHead  Offline
Half Baked

Joined: Aug 2019
Posts: 6,043
Super Spudsville
Id call it fake but who knows.


STOP POTATO HATE!
Re: Anyone get this message from Paypal? [Re: 6PAX] #2976932
10/21/21 06:09 PM
10/21/21 06:09 PM
Joined: Jan 2003
Posts: 12,716
East Bay, N. Cal.
calmopar Offline
I Live Here
calmopar  Offline
I Live Here

Joined: Jan 2003
Posts: 12,716
East Bay, N. Cal.
Do not click on any links in the email.

Go to PayPal the way you normally do and see if there is such a button.

Never click on email links if you have ANY doubt about the authenticity. Hell, I never click on them period.


Trying to enjoy life!
Re: Anyone get this message from Paypal? [Re: Mr PotatoHead] #2976933
10/21/21 06:12 PM
10/21/21 06:12 PM
Joined: Jan 2003
Posts: 8,432
Freeport IL USA
P
poorboy Offline
master
poorboy  Offline
master
P

Joined: Jan 2003
Posts: 8,432
Freeport IL USA
If I was running a scam, that would be a great way for me to get money from Pay Pal and give you the tax burden. The last I heard was some Dems were pushing the $600 back to anything over $10,000 a year.

Either way, I sure wouldn't respond with my tax ID to any email address someone sent me, I'd be contacting Pay Pal at their listed numbers. Just another reason to not do Pay Pal. Gene

Re: Anyone get this message from Paypal? [Re: poorboy] #2976938
10/21/21 06:24 PM
10/21/21 06:24 PM
Joined: Aug 2019
Posts: 6,043
Super Spudsville
Mr PotatoHead Offline
Half Baked
Mr PotatoHead  Offline
Half Baked

Joined: Aug 2019
Posts: 6,043
Super Spudsville
Could of this been slid in the last bill passed and no one was told? Seems so.

https://lifehacker.com/is-the-irs-really-about-to-tax-your-venmo-paypal-and-1847795425

First, The American Rescue Plan Act, which was passed by Congress in March, has a provision that will go into effect on Jan. 1 that requires cash apps like Venmo, PayPal and Zelle to send information reports to merchants and the IRS regarding business transactions totaling more than $600.

Oct 07, 2021 · Those posts refer to a provision in the American Rescue Plan Act, which goes into effect on January 1, 2022, according to which anyone receiving $600 per year using Venmo, PayPal, Zelle, or Cash App will receive a 1099-K and be required to report that income on their taxes.

Sep 24, 2021 · The reporting requirement would extend to services such as Venmo and PayPal. There is an exception for accounts totaling less than $600. The justification is to catch more people cheating on their taxes--closing the “tax gap”--to bring in more money to pay for a portion of the Democrats’ socialist spending spree.

Last edited by Mr PotatoHead; 10/21/21 06:29 PM.

STOP POTATO HATE!
Re: Anyone get this message from Paypal? [Re: Mr PotatoHead] #2976939
10/21/21 06:28 PM
10/21/21 06:28 PM
Joined: Jan 2003
Posts: 5,026
MI
6PAX Offline OP
master
6PAX  Offline OP
master

Joined: Jan 2003
Posts: 5,026
MI
It's not fake. I logged into my PP account and there is a link there to do what they are saying. Looks like I won't be using PP anymore if that's the case.

Re: Anyone get this message from Paypal? [Re: 6PAX] #2976942
10/21/21 06:30 PM
10/21/21 06:30 PM
Joined: Aug 2019
Posts: 6,043
Super Spudsville
Mr PotatoHead Offline
Half Baked
Mr PotatoHead  Offline
Half Baked

Joined: Aug 2019
Posts: 6,043
Super Spudsville
Looks like I will be selling things on payments of 2-400 or just parts swapping.


STOP POTATO HATE!
Re: Anyone get this message from Paypal? [Re: Mr PotatoHead] #2976949
10/21/21 06:47 PM
10/21/21 06:47 PM
Joined: Jan 2003
Posts: 17,250
So Near, Yet So Far
topside Offline
I Live Here
topside  Offline
I Live Here

Joined: Jan 2003
Posts: 17,250
So Near, Yet So Far
I get pretty much every scam PP email there is, but haven't received that one yet.
I don't reply to them, but the better ones, I'll check my messages on the PP site to verify (all fake so far).

If that one is for real, I'm done with them.

Re: Anyone get this message from Paypal? [Re: Mr PotatoHead] #2976957
10/21/21 07:01 PM
10/21/21 07:01 PM
Joined: Jan 2003
Posts: 5,026
MI
6PAX Offline OP
master
6PAX  Offline OP
master

Joined: Jan 2003
Posts: 5,026
MI
Originally Posted by Mr PotatoHead
Looks like I will be selling things on payments of 2-400 or just parts swapping.



I haven't sold any individual parts close to $600 or more in value so I wonder if they mean $600 cumulatively for a specific period of time.

Re: Anyone get this message from Paypal? [Re: 6PAX] #2976998
10/21/21 08:16 PM
10/21/21 08:16 PM
Joined: Jan 2003
Posts: 11,536
Omaha Ne
T
TJP Offline
I Live Here
TJP  Offline
I Live Here
T

Joined: Jan 2003
Posts: 11,536
Omaha Ne
Originally Posted by 6PAX
Originally Posted by Mr PotatoHead
Looks like I will be selling things on payments of 2-400 or just parts swapping.



I haven't sold any individual parts close to $600 or more in value so I wonder if they mean $600 cumulatively for a specific period of time.


It's already a done deal on ebay and it is 600.00 per year in sales, we can thank our elected officials who slid this in dry as the desert.
Ebay sent a link to contact your state congressperson, legislator etc. to request a more reasonable number which I did but I cannot find it now frown
I believe paypal venmo and just about every other like business is included starting jan. 2022
I'll refrain from any political comments whistling


Last edited by TJP; 10/21/21 08:24 PM.
Re: Anyone get this message from Paypal? [Re: TJP] #2977121
10/22/21 06:57 AM
10/22/21 06:57 AM
Joined: Jan 2003
Posts: 5,951
Abilene, Texas
F
fastmark Offline
master
fastmark  Offline
master
F

Joined: Jan 2003
Posts: 5,951
Abilene, Texas
Well, I hope the voters get a belly full of this soon. They need to have an irs official booth set up at these stores in CA where all of the shoplifting is taking place.these legal thieves need to pay taxes on this merchandise they are taking.

Re: Anyone get this message from Paypal? [Re: fastmark] #2977125
10/22/21 07:16 AM
10/22/21 07:16 AM
Joined: Aug 2003
Posts: 4,599
new jersey usa
1
11secdart Offline
master
11secdart  Offline
master
1

Joined: Aug 2003
Posts: 4,599
new jersey usa
I find this interesting... I don't use PayPal I have an item for sale here and on another website . I had a buyer that wanted to purchase it because I don't take PayPal he nixed the deal and wouldn't send a money order because he didn't trust me and had been " burned " before. Looks like now there might be even less people using it.


68 Dart 367/904
92 D150 original owner
21 Ram 1500 Quad Cab, Big Horn , Hemi ,4x4
20 Acura RDX
16 Honda HRV
Re: Anyone get this message from Paypal? [Re: 11secdart] #2977277
10/22/21 02:07 PM
10/22/21 02:07 PM
Joined: Dec 2003
Posts: 21,954
Trumussia
J
jcc Offline
If you can't dazzle em with diamonds..
jcc  Offline
If you can't dazzle em with diamonds..
J

Joined: Dec 2003
Posts: 21,954
Trumussia
It may be a Paypal requirement in place now, BEFORE its required by IRS with passage of new pending legislation, in order so things do not come to a sudden halt as compliance is met by those sellers currently on paypal.
Besides, PP likely never passes up a chance to gather more personal info on its seller. I would disregard until they start to hold funds personally.
Optics wise, the $600 threshold has been in place for decades, the legislation could have been made more palatable if they had upped it to say $1000 or $1200, say for the reasons of "inflation", and slowly, as they often do, creep it back down over the next decade.

I also suspect this is a $600 annual threshold for PP seller, not a per sale threshold for buyer.


If you can't dazzle them with diamonds, don't waste your time, because nothing will
Re: Anyone get this message from Paypal? [Re: jcc] #2977346
10/22/21 05:58 PM
10/22/21 05:58 PM
Joined: Jan 2005
Posts: 7,788
Crook County, ILL
Mastershake340 Offline
master
Mastershake340  Offline
master

Joined: Jan 2005
Posts: 7,788
Crook County, ILL
I got a 1099K from PayPal last January unexpectedly. I’d accepted about $2000 in payments through PayPal, some for parts I sold, in some cases from a friend who neglected to use the friends and family option and I didn’t notice. I didn’t know how to handle it so did best I could, and swore off using PayPal since.
I’m not sure what is changed now, as they already were reporting people who received over $600.

Re: Anyone get this message from Paypal? [Re: fastmark] #2977353
10/22/21 06:28 PM
10/22/21 06:28 PM
Joined: Jan 2003
Posts: 7,922
Highland, MI.
Sunroofcuda Offline
master
Sunroofcuda  Offline
master

Joined: Jan 2003
Posts: 7,922
Highland, MI.
Originally Posted by fastmark
Well, I hope the voters get a belly full of this soon. They need to have an irs official booth set up at these stores in CA where all of the shoplifting is taking place.these legal thieves need to pay taxes on this merchandise they are taking.


Two chances of that happening: none & none. Stores just need to start doing what 4 or 5 Walgreens in SF did - just shut them down. Time to start starving the beast.


No Man With A Good Car Needs To Be Justified
Re: Anyone get this message from Paypal? [Re: Mastershake340] #2977358
10/22/21 06:39 PM
10/22/21 06:39 PM
Joined: Jan 2003
Posts: 15,081
Norwich CT USA
moparts Offline
I Live Here
moparts  Offline
I Live Here

Joined: Jan 2003
Posts: 15,081
Norwich CT USA
PayPal has been doing this as required by the IRS for awhile, you must just going over the min

Facebook Marketplace is also going to be doing this , because of the IRS

It's the same as sales tax getting added to eBay and Marketplace sales , They are forced to do it and nothing we can do with out changing the laws


Tom ,

2011 Ram 3500 C&C Diesel
2009 Challenger R/T
1983 CJ7 , 5.2 Magnum, 727, Dana 300/44/60
1971 Challenger Conv. 511/4 speed
1970 Challenger R/T 503/727


Re: Anyone get this message from Paypal? [Re: fastmark] #2977372
10/22/21 07:50 PM
10/22/21 07:50 PM
Joined: Jan 2003
Posts: 11,536
Omaha Ne
T
TJP Offline
I Live Here
TJP  Offline
I Live Here
T

Joined: Jan 2003
Posts: 11,536
Omaha Ne
Originally Posted by fastmark
Well, I hope the voters get a belly full of this soon. They need to have an irs official booth set up at these stores in CA where all of the shoplifting is taking place.these legal thieves need to pay taxes on this merchandise they are taking.


Great IDEA up whistling You need to send that into the uhh President so he can include it in his next "PACKAGE" fan

Re: Anyone get this message from Paypal? [Re: TJP] #2977377
10/22/21 08:06 PM
10/22/21 08:06 PM
Joined: Jan 2003
Posts: 41,028
Round Lake Beach, Illinoisy
Rhinodart Offline
Rhinotruck
Rhinodart  Offline
Rhinotruck

Joined: Jan 2003
Posts: 41,028
Round Lake Beach, Illinoisy
I think a resurgence of swap meets will happen in the near term until the cashless society is finally rammed down our throats in toto... mad


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: Anyone get this message from Paypal? [Re: Rhinodart] #2977386
10/22/21 08:30 PM
10/22/21 08:30 PM
Joined: Jul 2008
Posts: 25,439
Florida STAYcation
dOc - 3.0 ! Offline
Public Enema Bag
dOc - 3.0 !  Offline
Public Enema Bag

Joined: Jul 2008
Posts: 25,439
Florida STAYcation
Anyone else hear what they did with MPC over in Vietnam ? ..... (greenbacks were PROHIBITED there)


Enema bag .. ? ... aren’t you in a Xmas spirit ! .... real classy and mature label that you deserve more than I do ! ..... Either get a big box of tissues OR stick the BUSINESS END of that bag ... IN YUR EAR !
Re: Anyone get this message from Paypal? [Re: Rhinodart] #2977728
10/23/21 08:35 PM
10/23/21 08:35 PM
Joined: Jan 2003
Posts: 11,536
Omaha Ne
T
TJP Offline
I Live Here
TJP  Offline
I Live Here
T

Joined: Jan 2003
Posts: 11,536
Omaha Ne
Originally Posted by Rhinodart
I think a resurgence of swap meets will happen in the near term until the cashless society is finally rammed down our throats in toto... mad


I strongly AGREE with your comment about a
Quote
cashless society
and that is exactly what they are pushing for.
I can understand the reasoning but their execution IMO is once again going after the poor and middle class while ignoring the loopholes for the uhh whistling
before I left ca n 94 they had people from the State franchise tax board cruising the swap meets logging License plate #'s.
If one was caught selling at more than two (I think) swap meets a yearthey would classify you as a dealer and require you to get a tax license, start charging and reporting sales tax. A friend of mine blew them off, later got busted and was fined quite heavily.

Absolute BS and time for another tea party folks twocents

Page 1 of 4 1 2 3 4






Powered by UBB.threads™ PHP Forum Software 7.7.1