Quote:
Originally Posted by tdw28210
PayPal is now a collection agent for Uncle Sam starting this year. If you get more than $600 in payments that aren't "friends and family" you're getting a 1099 and required to pay taxes on it. Hence the request for ID verification. Going to be some unpleasant surprises for some "small timers" come tax time next year.
Started a thread a week or so ago on this. It got moved to PARF.
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They didn't ask for a SS number. eBay was supposed to do this 4 years ago, or more. I remember cautioning my SIL who makes a living on the flea.