KYC Form on withdrawal??

[RohanaRaven Zerbino]

I thought we were finished with this when Tilia just took over withdrawals. Or are we dealing with something new?

[Alwin Alcott]

10 minutes ago, RohanaRaven Zerbino said:

I thought we were finished with this when Tilia just took over withdrawals. Or are we dealing with something new?

keep up with the Lindens, read the main account page frequently

Second Life Status - Additional KYC Information Required (statuspage.io)

[RohanaRaven Zerbino]

Thanks Alwin. I honestly don't understand why we have to do that all over again.

[Alwin Alcott]

2 hours ago, RohanaRaven Zerbino said:

Thanks Alwin. I honestly don't understand why we have to do that all over again.

could be two things ...

first is the government adjusted the rules and LL/Tillia needs to have more info from their users on file...


second thing could  be...

Quote

Due to the maintenance,

could be taken as, we screwed up and lost data from some accounts.

Edited November 21, 2023 by Alwin Alcott

[Prokofy Neva]

I'm puzzled why I had to do this on one account, but not another.

I'm also wondering if Linden Lab issues a 1099 form, in compliance with the law, for funds cashed out (hopefully, not for US dollars created to pay tier), then that will be a duplicate of, or overlap with, the 1099 that PayPal will also send out now, for Tilia and other payments. So I guess one can only keep good records and hope to sort it out at tax time. 

 

Edited November 22, 2023 by Prokofy Neva

[Ikumi Spicy]

I am a bit confused as I am not from the USA. I withdraw money from SL, what will linden lab send to my RL address? I am confused about the address part? What do they mean that they will use the address for tax purposes? I pay taxes myself in my own country. Also it forces me to write state but there are no "states" in my country. I cannot leave it empty, it says I must fill it.

[Polenth Yue]

I don't know what they do, but I've been sent that stuff from other US companies. Waste of a piece of paper as it's not needed for anything, but it means they can tell their tax people that they sent it.

[Wulfie Reanimator]

9 hours ago, Ikumi Spicy said:

Also it forces me to write state but there are no "states" in my country. I cannot leave it empty, it says I must fill it.

I tend to enter the local province/region, or just the country again. "N/A" should also work, or any similar "no state" text.

[Quistess Alpha]

19 hours ago, Alwin Alcott said:

first is the government adjusted the rules and LL/Tillia needs to have more info from their users on file...

This, the US made a dumb rule lowering the 'you need to do more paperwork' threshold from 2000 USD to 600. The IRS didn't enforce it last year, and they announced today they're not going to enforce it this year, but paypal, tillia etc. are going to need to send out a lot of nuisance tax forms, maybe next year or the year after. . .