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We're asking for your tax ID number

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Hello All,

 

I received the following email from Paypal:

 

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:

- $20,000 in gross payment volume for goods or services
- 200 payments for goods or services

 

 

 

 

I am for sure not doing 20,000$ selling legos.  But I made several small transactions.  I got 200 payments.  

Selling as a hobby, just so lego don't cost so much.

I sell from Canada.  Anyone has advise as to what exactly I have to do?

 

Thanks,

 

Steeve

 

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