I have a question for a PayPal representative. I received this message: "We're asking for your US tax ID number due to new rules from the IRS. You can find more information about the new tax rules and why we're asking for this information at www.paypal.com/irs. Please provide this information today, so you can enjoy uninterrupted use of PayPal. Provide Now Remind me Later Provide your tax reporting information We'll use your tax ID number to send tax Form 1099-K to you and the IRS if the payments you receive in a calendar year go above both of these levels: $20,000 USD in gross payment volume for goods or services 200 payments for goods or services Please provide your tax ID number today. That will help you continue to sell with PayPal and avoid any interruption to your PayPal service." I am currently just under only $4,000 in sales for the year 2014, that's less than 1/4 of the $20K threshold. If I do not reach $20,000 in sales by December 31, 2014 is my account going to be limited/restricted if I don't provide tax reporting information?
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