[ADXA] EIN Tax # & PayPal

[Sandy Hutson]

Yes we discussed this last year briefly and it is a complicated situation that Pat was SO great to straighten out! Happy that the ADXA will not get into an unsuspected $$ issue that could have quickly happened. Again, TU Pat! 👍
San YY 


Sent from Mail for Windows

From: w5zn at w5zn.org
Sent: Thursday, August 24, 2023 7:04 PM
To: 'adxa'
Subject: [ADXA] EIN Tax # & PayPal

Greetings ADXA Folks,

You may recall (or may not) back in January we were notified by PayPal, the financial organization that processes our on-line membership and conference registration fees, that federal law now requires that we provide a tax ID number for our organization. If we do not, once our transferred funds reach $600 any additional funds will be placed on hold and not transferred. If, after 60 days, we do not provide an EIN # PayPal will begin withholding 24% of the funds and send it to the IRS. As a result, we put a hold on all PayPal transfer until we could sort this out.

ADXA has never been required to file a tax return or to have a tax ID number but the new federal law changed all that. So, ADXA VP Pat, W5VY, took the lead to sort through this bureaucratic bull crap and obtain what was needed. We discussed a number of options, including formally chartering as a non-profit organization. 

I’m pleased to report that ADXA now has a tax ID number (although we won’t be required to pay any tax) and we will no longer have an issue with PayPal. In defense of PayPal, this wasn’t their doing. They were simply complying with the new, bogus, federal law. This was step one. Step two is Pat will continue to pursue non-profit status for ADXA. We will address and will resolve that in due time.

A very big THANK YOU to Pat for working through this.

73 Joel W5ZN

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