why do i have to chose if i'm us taxpayer status or non ustaxpayer status. what happens if i'm not?

[macovei2000]

why do i have to chose if i'm us taxpayer status or non ustaxpayer status. what happens if i'm not?

[sharpiemarker · Accepted solution]

@macovei2000 

Nothing, if you’re not a US tax payer. PayPal is looking for US tax payers that are overseas to comply with FATCA.

”"FATCA" is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by US persons (individuals or entities) that fail to report income related to non-US accounts.”