01-07-2009 08:44 PM
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02-26-2009 09:09 AM
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01-31-2010 10:23 AM
01-31-2010 10:59 AM
05-22-2010 06:58 PM
I found this at this link:
Paypal Has To Report To IRS (eBay Sellers)
The new Housing and Economic Recovery Act signed into law requires Paypal and others to report to the IRS. This law will take affect in 2011 and will be reported in 2012 for the 2011 tax year.
You are excluded from having your info reported if:
1. If you receive less than $20,000 a year in payments; and
2. If you have less than 200 payments.
You will have to make sure you keep good records. For more information visit the offical Paypal Blog for more information.
05-22-2010 07:12 PM
OK, does anybody know the answer to my question? Becasue this seems awfully fishy in the way its worded. I dont make anywhere near $20,000 but im certain I have more the 200 payments.
Will I still be reported?
I am not worried about a small tax. The problem is that Im on social security disability and am not allowed to work or they will take dollar for dollar and or cut me of completly. I dont make near enough to live off of ebay sales alone but they do help make life mor comfortable so Im worried about being reported.
05-22-2010 10:06 PM
Here's the low down.
05-23-2010 06:34 AM
05-23-2010 07:02 AM
05-23-2010 07:52 AM
05-23-2010 09:01 AM
How do they know it's the right person, not someone with the same name? There are two other people in my town that have the same name as my boyfriend, not he's not related to either. The people who owned our house before us had the same last name as him, too. There not related either.
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