ss#

[jimypal]

whats up with ebay asking for my SS#

[kensgiftshop]

@jimypal 

They need it so they can report your income to the IRS.

[dirk12955]

You've been on ebay more than 20 years and are a seller.    eBay has been switching sellers over to managed payments for the better part of 3 years.    You should have a message box full of notices on this subject.

When you've sold a certain dollar amount.    A 1099 form will be generated so your gross sales can 

be reported to the IRS.    To do that,   ebay needs your SS#

By the way,   eBay is only asking for the same info you gave Paypal many years ago.  

[slippinjimmy]

https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794

[monica-sells]

eBay is required by federal law to issue a 1099-K to sellers effective in 2022 for sales exceeding $600. In order to be compliant with this federal law, sellers are required to provide a 'tax identification number" (TIN) or (EIN)

Starting in 2021, the IRS is making some changes to bring efficiency and increased accuracy to its reporting and compliance processes. This brought a few updates to the 1099-K reporting, notably, a lower threshold that will have a big impact on sellers. 

This threshold change comes as a result of the American Rescue Plan Act that was signed into law on March 11, 2021. This threshold change will become effective in 2022.

[lawnmowerpartsstore2]

Uncle Sam needs your money as the Government is running out of theirs.

[richard1rst]

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@lawnmowerpartsstore2 wrote:

Uncle Sam needs your money as the Government is running out of theirs.

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Governments have no money of their own. Everything they spend is first stolen (oops - taxed) from us.

[Anonymous]

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@lawnmowerpartsstore2 wrote:

Uncle Sam needs your money as the Government is running out of theirs because they spend too much.

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[effie*s_trinkets]

For taxes