Paypal and taxes

Deeker · 2013-12-07T15:05:24.000Z

I was wondering if others have had to deal with this. I keep getting a message from paypal asking for my social security # and have yet to provide it. This is the newest message I received: We're asking for your tax ID number due to new IRS rules. Your tax ID number is one of these: - Your Social Security number - Your Individual Tax Identification Number - Your Employer Identification Number We'll use your tax ID number to send tax Form 1099-K to you and the IRS when the payments you receive exceed both of these milestones in a calendar year: Has anyone given their SS# to paypal or dealt with this? I don't sell enough for this and already pay way more then my fair share in taxes. I am worried that this will cost me and be more of a hassle with my accountant then it is worth. If I choose to ignore this will I get banned from paypal? I guess I am looking for anyones advice in regards to this. Or what you have experienced yourself. Thanks