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Post by neverland on Jan 16, 2021 12:28:40 GMT -5
Beware of your state’s tax laws complications when selling on eBay and receiving payments via PayPal. I’ve been a PayPal customer since 2005, both buying & selling. I’ve always been careful not to exceed the IRS limit re. income that would result in a 1099.
Suddenly, this year, PayPal’s tax department demanded a tax ID number ( I am NOT a business), a copy of my W9 (whatever the hell that is) & a photo copy of my social security card (ah, no). They claim this is due to my state’s tax laws.
Without those, they have frozen my account so that I can buy but not receive payments. And because I have a 0.02 credit on my account, I can’t close my account! I can’t transfer the 0.02 either because you need $2 min. to do a bank transfer.
I have spent 3 days on the phone with a PayPal without resolution. I could just open a new account but it would be just a matter of time before the same issue will arise.
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Post by cwrr on Jan 16, 2021 15:25:01 GMT -5
Wow, that's crazy! If your not a business, and no license, you should be exempt.
Dang!
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Post by neverland on Jan 16, 2021 15:41:49 GMT -5
Wow, that's crazy! If your not a business, and no license, you should be exempt. Dang! I agree and feel like I’ve been put through the ringer. They will be happy to take my money when I buy but won’t let me receive money if I sell. I cancelled my next few eBay auctions & now need to find a new venue to sell some Chessie freight cars. |
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Post by Commodore on Jan 16, 2021 16:26:04 GMT -5
Wow, that's crazy! If your not a business, and no license, you should be exempt. Dang! I agree and feel like I’ve been put through the ringer. They will be happy to take my money when I buy but won’t let me receive money if I sell. I cancelled my next few eBay auctions & now need to find a new venue to sell some Chessie freight cars. . I’ll send you $2.00. They are asses, mostly.... |
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Post by neverland on Jan 16, 2021 16:47:58 GMT -5
Oh, they are clever. When I mentioned I’ld close my account, they gave me a $50 voucher. Now I have to spend it on something that costs $50.02 so so can clear my balance and shut down my account.
They wanted photos of my social security card and other tax documents I refused to do it didn’t have. The PayPal rep said it was their tax dept. insisting on this. Screw them!
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Post by Commodore on Jan 16, 2021 16:50:59 GMT -5
Deb: Donno ‘bout those people. Just walk away is my idea....
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Post by marmot on Jan 16, 2021 18:48:06 GMT -5
They claim this is due to my state’s tax laws. Which state? I wonder how widespread this problem is. |
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Post by neverland on Jan 16, 2021 19:06:35 GMT -5
They claim this is due to my state’s tax laws. Which state? I wonder how widespread this problem is. Virginia |
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Post by Commodore on Jan 16, 2021 19:35:42 GMT -5
Which state? I wonder how widespread this problem is. Virginia Gotta pay the National Guard... |
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Post by BAZman on Jan 17, 2021 15:06:03 GMT -5
Your Tax ID (TIN) (for a Business) is unique. For a "personal" 'business', it is your SSN.
The W9 is the form to fill out to get this "Tax payer Identification Number". IIRC, it is required if you were 'paid' $600 or more.
For us in the State of California (wait, that sounds too proud), make it Cali, we get asked if have paid taxes on out-of-state purchases (required by law), received merchandise that has a value higher than (can't rememeber) as it would be considered fraudulent and in one case, a blind person selling pencils !!! Takes up 2 pages on the tax form to ask all these 1-liner questions.
I'm looking into eBay/PP now as the easiest way to sell off a lot of the items I have collected (purchased) and don't feel I can use or have lost interest. Besides the fees, its just the fastest way to move it onto someone else.
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Post by neverland on Jan 17, 2021 19:22:58 GMT -5
I have never sold more than $1500 in merchandise in a single year and have never received a 1099 from either eBay or PayPal. I am considered a private single entity, not a business. PayPal reps can’t seem to get that past their tax dept. in order to lift the partial hold on my account. 4 days, 4 reps & 0 luck. So far this year I’ve sold $300. I’ve never had a tax pin.
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Post by cwrr on Jan 19, 2021 16:01:54 GMT -5
Me and another gentleman on here are having some weird issues as well, after a simple transaction. I have both bought and sold over 1,300 items, mostly on Epay, and not a single issue over the years-till now! Looks like I'll probably have to find alternate ways of transactions. Hmmm.....  |
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Post by neverland on Jan 20, 2021 7:26:53 GMT -5
Me and another gentleman on here are having some weird issues as well, after a simple transaction. I have both bought and sold over 1,300 items, mostly on Epay, and not a single issue over the years-till now! Looks like I'll probably have to find alternate ways of transactions. Hmmm..... eBay & PayPal— it’s like a really bad divorce. And don’t cancel an auction! Even if you repost it, eBay charged a huge cancellation fee! |
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