PayPal Asks Sellers to Provide Tax ID Numbers

According to a PayPal announcement, Under the rule, IRC 6050w, PayPal is required to report gross payment volume from sales of goods or services received by PayPal users in the U.S. that:

Receive more than $20,000 in gross payment volume from sales of goods or services in a single year

AND

Receive more than 200 payments for goods or services in the same year.

via PayPal Asks Sellers to Provide Tax ID Numbers.

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