PayPal will ask you to provide tax identification information, such as your Employer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN), or Social Security Number (SSN) as you approach the new reporting threshold of $600. Make sure this information is up to date to avoid any issues with receiving your payouts or tax forms.
If your tax information doesn’t match what the IRS has on file, PayPal may ask you to complete additional forms, such as a W-9, to correct any discrepancies.