PayPal recently asked for my TIN since I have money coming in and going out for my online journal. That's fine--I can then deduct expenses on my tax return--but do I just send PayPal a W-9 form? I'm not an established business, just a magazine that charges reading fees and pays authors and staff and other expenses like WordPress and GoDaddy. Also wouldn't setting up as a nonprofit, especially since I lose a little money every year, but I assume that involves a lot of steps, no?
