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

I found this on the IRS website:

An organization does not have an employer identification number. Do they need one?  

Yes you do. If you want to open a bank account = "paypal" it will be necessary to have an employer ID number. Without a number, you will need to use a s. s. number and list the account in an individual's name. That individual could be anyone in the organization.
An employer identification number is a unique number for businesses.
If you want your entity to be treated as a business, it should have a federal ID number.

I think your s.s. number means nothing to the IRS. I think it is just a number required by Paypal. How else would they find you if there was some fraudulent activity? Your non profit group could be phony and not even exist.

Ebay has our s.s. number and so does Paypal but it does not affect our tax return at all. In fact many years ago I was the tax prepare person for a non profit and we had a federal ID number. It in no way affected me though my s.s. number was also used.

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LVL 25

nickg5Commented: 2015-08-26

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

TomcptAuthor Commented: 2015-08-29

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.

nickg5Commented: 2015-09-01

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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

Thank you for asking the interesting question.

Paypal non-profit setup using SSN and TIN

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