Tax Info
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Hello @Soni1708,
Thanks for joining the Community!
It sounds like you're asking if you need to provide your tax payer information, even if you're not planning on receiving more than $600. In addition to providing your information for reporting purposes, we recommend providing your information so you can upgrade your account to a PayPal Balance account. This type of account can hold a balance and access more features than just a basic PayPal account. If you'd like to learn more about when you would qualify to receive a 1099 from PayPal, I recommend referring to our Help Center article: Will PayPal report my business sales to the IRS?
I hope this helps!
- Meghan
If you found this or any other post helpful, please enrich the community by giving kudos or accepting it as a solution. While browsing, feel free to reply if you see a question you know the answer to. Our Community Users make the PayPal Community Forum!
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Can't add any info to brand new business account. in Managing Account Archives
- Cant make payment, "you cant send money at the moment" in Transactions Archives
- How can I find out when a case I filed will actually be resolved? in Security and Fraud Archives
- I'm a worried pensioner who paid £190.86 to Ekomm Society Ltd in Security and Fraud Archives
- Savings in Products & Services Archives