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I'm wondering if anyone else had this problem and/or if I'm a victim of fraud. For some reason I received a 1099-K Form for 2020 for $4,900+ in PayPal transactions when I had ZERO transactions in 2020. I tried calling PayPal, but I've never been able to actually talk to someone there. Anyone have any suggestions as to what may be going on? Thank you.
I'm having the same problem: In early February I received a 1099-K for 2020 from PayPal showing $4,156 in income in 53 transactions in August and September 2020. I have NEVER used PayPal to receive funds and used it only three times in 2020, all to make payments for goods. My bank statements and credit card statements show no transactions of this nature and size. I was finally able to talk with a real person at PayPal who, after research, said there is a second PayPal account in my name and did I know that? Uh, NO! I'm awaiting further assistance from PayPal dispute resolution. I'm thinking fraud, maybe stolen identity.
It took a long time and a lot of tries but I think what happened is that I said "agent" repeatedly during the recorded prompts and was finally placed in the queue for a live person.
To follow-up on my earlier message, I was actually on the phone with PayPal while creating that message. At the time I had been forwarded to dispute resolution for further assistance. After being on hold literally for an hour I was able to talk with another person. I was asked to verify my name, telephone number, e-mail address, Social Security Number, birth date and mailing address. I provided the account number for the Form 1099-K (bottom left-hand corner of the form). The person eventually was able to confirm that there is a second PayPal account under my name, with all of my identify information identical except that the birth date is not the same day although the month and year are the same. I was told PayPal will restrict activity on the fraudulent account. I requested and received a case number for my situation. Like a dummy, I neglected to ask how to address the fact I still have this 1099-K showing $4K income, presumably involving the fraudulent account. I guess that means another long time in line on the phone. I have also received a very lengthy e-mail from PayPal with instructions on how to report possible identify theft. Good luck to you.
I am having the same problem and cannot get Paypal to address it other than to permanently limit MY account. 1099-K shows I made money. I did not. My account documents show that I did not. Only use for paying for services or merchandise.
I need to have them correct the error 1099-K and send that to the IRS. I have talked to people on the phone that have confirmed I have not received money for merchandise or services through Paypal. But....I have not been able to talk to anyone who can fix the 1099-K problem. I have made a complaint with the Better Business Bureau and the Federal Trade Commission and sent two hard copy letters to Paypal.
Some of the representatives I have talked to I cannot understand and actually talk about other subjects when I am trying to have them help. Very frustrating! I don't know what to do next!
I received a 1099 that states I made $22,534.36 for the year 2018 and that Paypal is sending this to the IRS. Which is wildly inaccurate. I had probably been paid about $700 that year via paypal. Currently I am on hold to speak to an agent. Hopefully this gets resolved before the IRS audits me or anything. I know that even when you can prove to the IRS that something is incorrect, they sometimes continue to dispute it. I hope this doesn't lead to some nightmare.
Why is this being sent out 3 years later? Shouldn't paypal contact us first to verify if this tax info is correct?
Okay so I spoke to a paypal representative and they are seeing these letters lately. They are bogus. They believe it is a way to phish for info. Do not call the number on the letter. Call the number through paypal or I calle[Removed. Phone #s not permitted]nbsp;