[Healeys] Fwd: New IRS requirement – take action now

Fri Dec 17 21:20:58 MST 2021

PayPal users.  This is what we will face... you decide.

-------- Original Message --------
 Subject: New IRS requirement – take action now
 From: service at paypal.com
 Sent: Friday, December 17, 2021, 12:55 PM
 To: David Porter <frogeye at porterscustom.com>
 CC: 

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	 	David Porter, confirm your taxpayer status to avoid disruption to your account.    Hello, David Porter     	 	      	  	  	  	  	   		 		 			 				 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 buttonChoose your taxpayer status from the dropdown menuEnter 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 at paypal.com to ensure that what we provide on your 1099-K matches IRS records. 			 	 			 		 	 						See details about this requirement in our Help Center. 	 	 Confirm Taxpayer Status    Help & Contact  |  	 	Security  |  	 	Apps   	        			 	 

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