[ADXA] Please Stop Using PayPal
w5zn at w5zn.org
w5zn at w5zn.org
Sun Jan 8 08:23:39 EST 2023
Greetings ADXA Folks,
I'm sure over the past several months you have heard about the IRS now
mandating groups like PayPal to report any transaction totaling $600 or
more to the IRS. In order for PayPal to comply with this requirement,
they are now requiring each user to provide their tax ID number. For an
individual that would be your SSN and a normal business tax ID for a
company or organization. ADXA has never had a tax ID number and has
never been required to have one. Given the size of ADXA and what we do,
I do not believe one is required however with our use of PayPal for
on-line membership renewals PayPal has forced us into a corner. When
this first came up I told Glenn not to worry about it however what
PayPal has now advised is if we do not provide a tax ID number, once the
amount of money they send to us exceeds $600 they will automatically
withhold 24%......YES 24%, and send it to the IRS!
So for now, please do not renew your membership using PayPal on our
on-line service while we sort this out. The on-line system is extremely
convenient but I want to ask you to send a check to Glenn to renew if
you haven't already.
We'll sort this out, but for now just please don't renew via the on-line
service. I'll try to put that on hold on the website today.
73 Joel W5ZN
ADXA President
(Restraining myself to not go into a rant about the f$%king gov't)
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