Message:

<p>[QUOTE=&quot;Stork, post: 3043949, member: 71642&quot;]I suspect it is your state of residence that is the reason you got the form.&nbsp; (I bolded the part at the end).</p><p><br /></p><p>The cut and paste:</p><p><br /></p><p>PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds <u><b>both</b></u> of these levels in a calendar year:</p><p><br /></p><ul> <li>$20,000 USD in gross payment volume from sales of goods or services in a single calendar year</li> <li>200 payments for goods or services in the same year*</li> </ul><p>You may be asked to provide your tax identification number (TIN), 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. If your TIN fails verification, you will need to fill out an equivalent tax Form W-9.</p><p><br /></p><p>If you cross the IRS thresholds in a given calendar year, PayPal will send Form 1099K to you and the IRS for that year early in the following year.</p><p><br /></p><p>You can access your <a href="https://www.paypal.com/us/cgi-bin/webscr?cmd=_tax-statements&amp;parent_flow=reports-home" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.paypal.com/us/cgi-bin/webscr?cmd=_tax-statements&amp;parent_flow=reports-home" rel="nofollow">1099K from your PayPal account</a> by January 31st annually. Only those customers that meet the 1099K eligibility requirements will see the 1099K available for download in their account.</p><p><br /></p><p>If there are any discrepancies between what is reported by the IRS for your tax identification number and name and what PayPal has on file and used for Form 1099K, you may receive an <a href="https://www.paypal.com/us/selfhelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-1099-tax-statement-faq729" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.paypal.com/us/selfhelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-1099-tax-statement-faq729" rel="nofollow">IRS B-Notice</a>.</p><p><br /></p><p>You can find more information and FAQs by visiting the <a href="http://www.paypal.com/irs" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.paypal.com/irs" rel="nofollow">PayPal tax website</a>.</p><p><br /></p><p><b>*Except in Vermont and Massachusetts where the threshold is lower irrespective of the number of transactions.</b>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in