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Tomcpt
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Paypal non-profit setup using SSN and TIN

I am setting up a paypal account to link to our Boosterclub that is a non-profit entity. We do sell raffle tickets or other things to raise funds for the athletic programs. When I setup the business paypal account as a non-profit it wanted a Social security number and the TIN (tax ID number) was optional. I added both.

My question is, since I added the TIN do I have any financial issues with using my SSN? I am only the programmer. My SSN is independent of the the TIN.

Tom
Web DevelopmentMiscellaneousPayPal

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nickg5

8/22/2022 - Mon
nickg5

PayPal offers discounted transaction rates for 501(c)(3) for most products, and consistently low rates for all other nonprofits. No extra fees for setup, statements, withdrawals or cancellation.
https://www.paypal.com/webapps/mpp/donations

From that link give them a call and ask them since you used your personal SSN.

Call: 1-866-365-6319
Tomcpt

ASKER
I understand all that, what I want to know is by using my SSN for setup will this effect my personal IRS situation? I used the TIN number for the association so I am thinking that is what will be used for the non-profit.
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nickg5

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nickg5

Insights from the IRS on Nonprofits—What's New

According to the IRS, there should be no Social Security numbers (SSNs) on any Form 990 itself, on any schedule, or on anything else attached to the return. The IRS doesn't ask for Social Security numbers on the Form 990, and it doesn't want them.

THAT should help answer your question. Your s.s. number is between you and Paypal.

https://www.guidestar.org/rxa/news/articles/2012/insights-from-irs-on-nonprofits.aspx
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nickg5

Thank you for asking the interesting question.