What is a U.S. person for tax reporting purposes?
A U.S. person generally includes the following:
- A U.S. citizen or resident individual, including U.S. citizens living outside the U.S. or U.S. citizens and residents operating a business outside the U.S. (This includes green card holders.)
- A corporation or partnership organized in the U.S. or under the laws of the U.S or any state thereof, including where the entity is operating a business outside the U.S.
- A trust if (i) a court within the U.S. would have authority under applicable law to render orders or judgments concerning substantially all issues regarding administration of the trust, and (ii) one or more U.S. persons have the authority to control all substantial decisions of the trust, or an estate of a decendent that is a citizen or resident of the U.S.
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What is FATCA?"FATCA" is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by U.S. persons (individuals or entities) that fail to report income related to non-US accounts. FATCA requires some of PayPal's non-US subsidiaries to collect information from their account holders Who is impacted by FATCA?FATCA impacts holders of accounts that are outside the United States. It requires PayPal to collect tax documents or certifications from account holders stating whether or not they are U.S. persons. This includes, but is not limited to, business entities, and some individuals that open accounts outside the What FATCA documentation does PayPal collect and how do I provide it?The information that must be collected may include, but is not limited to, the account holder’s address and US TIN (if a US person) or other TIN (Tax information number). A business entity can be required to provide: Its country of incorporation, Its business type or classification What is the XML Reporting API?Reporting overview The Reporting API is an API that you can use to automate your report queries. It enables you to programmatically query the reporting database in XML. PayPal Manager is also a client of the Reporting API. Everything that Manager can do with reports is available to What is a Certificate of Foreign Status (tax Form W8 BEN/BEN-E)? Why do I need to provide this?All US payment processors, including PayPal, are required by the US Internal Revenue Service (IRS) to provide information to the IRS regarding account holders who receive payments for the sale of goods or services. In order for PayPal to satisfy its information reporting obligations under IRS rules and What happens if I don't provide the FATCA information PayPal requests?If you are a new account holder, you will be required to complete the certification requested by PayPal to comply with FATCA within 90 days of opening your account. If you don't complete it within 90 days, you will no longer be able to send money from or What does FATCA require PayPal to report?If PayPal determines that an account is reportable under FATCA (based on its analysis of account holder information), PayPal must either report information to the local tax authority, the account or to the IRS if the applicable account balance has reached a certain threshold. The reportable information generally What is the difference between Personal and Business accounts?All PayPal accounts allow you to send and receive payments. Premier: Recommended for casual users/sellers or non-businesses who wish to get paid online, and who also make online purchases. Business: Recommended for merchants who operate under a company/group name. It offers additional features such as allowing up to What information is required to open a Personal PayPal account?To open a Personal PayPal account, you'll need to provide your name, address, phone number, and email address. We also ask that you create a password for your PayPal account and choose two different security questions to answer. This information is necessary for us to protect you from What reporting options are available for PayPal for Marketplaces? Important: PayPal for Marketplaces is a limited-release solution at this time. It is available to select partners for approved use cases. For more information, reach out to your PayPal account manager or contact a PayPal Partner Expert. PayPal for Marketplaces provides three reports to help manage day-to-day What should I do if my account shows amount owing to PayPal?When your account shows amount owing to PayPal, we suggest that you review your recent activity to find out why. If your account shows amount owing to PayPal because of insufficient funds, please add funds to your account as soon as possible If you suspect unauthorized activity on Can I have my card charged in a different currency?When you add a credit card to your PayPal account, it's automatically registered in your local currency. This is our standard procedure as your card issuer doesn't inform us what the actual currency is. If you usually send your payments in the same foreign currency, you can avoid How does PayPal approve charities and nonprofit organizations?To set your account as a nonprofit account, you’ll need to upgrade to a Business account. To do so: Click Upgrade to a business account on your home page. Choose Non Profit Organization in the drop-down menu and click Create a PayPal Business Account. How do I report potential fraud to PayPal?It's extremely important to report any suspected instances of fraud. Not only will this protect you, it will also help make the web a safer place to do business. Here are some types of fraudulent activity. Please follow the steps we've included below to report them: Unauthorized activity Where can I find PayPal Reporting information?PayPal's payment solutions have various reports and search tools available to help you with payment reconciliation, forecasting, and order tracking. For a list of available reports and their descriptions and report specifications, see our Reporting page.How do I access the SFTP server and retrieve my reports?This page provides examples for retrieving SFTP report files using WinSCP and a Linux command line. WinSCP is a free SFTP client for Windows. PayPal doesn't endorse or recommend WinSCP; it's just one of the more popular SFTP clients for Windows and is used for this example. SFTP Why didn't I get reports on my PayPal account activity?Issue PayPal hasn't generated reports on your account's activity. Cause System issues at PayPal can delay or prevent report delivery. Solution PayPal generates reports and puts them on the PayPal website or the Secure FTP Server generally by 12:00 P.M. daily, in the leading time zone of the What fees did I pay and how do I pay my eBay fees?One of the easiest ways to calculate PayPal fees paid for the year is to input your fee deductions into Microsoft Excel by following these steps: Download your transaction history for the year and import it into Microsoft Excel. Make sure to download your history as "Comma" or I didn’t receive the item I purchased or it’s different from the description. How do I report the problem?If you have trouble with a purchase, you can communicate directly with your seller by opening a dispute in our Resolution Center. If you purchased the item on eBay, use the eBay Resolution Center. If you feel the transaction was unauthorized, please visit our Resolution Center to file an unauthorized
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