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

Sat Dec 18 07:40:52 MST 2021

But is a way to buy and sell parts that many members seek. I don't care about your political leanings, but we all should care about government intrusion into how we live our lives. I'll leave it there.

On December 18, 2021, at 7:09 AM, John Vrugtman <javrugtman at htcnet.org> wrote:

Which has nothing to do with Austin Healeys.

John
Hightown, VA

On 12/18/2021 6:53 AM, rfbegani at gmail.com wrote:

New IRS requirement – take action now at font-face 	{font-family:"Cambria Math"; 	panose-1:2 4 5 3 5 4 6 3 2 4;}@font-face 	{font-family:Calibri; 	panose-1:2 15 5 2 2 2 4 3 2 4;}@font-face 	{font-family:pp-sans-big-bold;}p.MsoNormal, li.MsoNormal, div.MsoNormal 	{margin:0in; 	font-size:11.0pt; 	font-family:"Calibri",sans-serif;}a:link, span.MsoHyperlink 	{mso-style-priority:99; 	color:#0070BA; 	text-decoration:underline;}span.s1 	{mso-style-name:s1;}p.footer, li.footer, div.footer 	{mso-style-name:footer; 	mso-margin-top-alt:auto; 	margin-right:0in; 	mso-margin-bottom-alt:auto; 	margin-left:0in; 	font-size:11.0pt; 	font-family:"Calibri",sans-serif;}span.EmailStyle27 	{mso-style-type:personal-reply; 	font-family:"Arial",sans-serif; 	color:windowtext; 	font-weight:normal; 	font-style:normal;}.MsoChpDefault 	{mso-style-type:export-only; 	font-size:10.0pt;}div.WordSection1 	{page:WordSection1;}ol 	{margin-bottom:0in;}ul 	{margin-bottom:0in;}

For your information it applies to Banks, other financial institutions: https://tinyurl.com/2p8zhkup

Gives IRS the opportunity to find out how much money is earned off books.

Bob Begani

: Healeys healeys-bounces at autox.team.net On Behalf Of David Por
Sent: Friday, December 17, 2021 11:21 PM
To: healeys at autox.team.net
Subject: [Healeys] Fwd: New IRS requirement – take action now

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: 

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 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 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

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