Change Your Social Security Number at PayPal »
As I'm recording information for taxes this year, I realize that once again, I've managed to forget to update the account information at PayPal, and the 1099 form has my personal Social Security Number on it, rather than the company's Employer ID Number, which means that I personally will be paying taxes on any interst in the account, rather than the company. To make matters worse, the company taxes are already filed, which means that they have accounted for interest income, so it's like a double whammy. About the only good news is that it's not a huge amount. But still.
I figure I need to take care of the problem. The only issue is that there is no easy way to do it. The interface at PayPal, while not difficult, doesn't seem to have a way to figure out how to change this information. In fact, there's no obvious place to change your Social Security Number/Employer ID Number anywhere that I can find. I do manage to find a couple of places where you can contact them directly - both a local area code and an 800 number - so I try both. No such luck. After spending at least half an hour on the phone with various reps, being transferred more than once and being disconnected twice, I was still stuck with the same problem: My 1099 for next year was going to have my personal information on it, not the company's.
