PayPal IRS 1099-K Reporting

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PayPal IRS 1099-K Reporting Requirements

PayPal's IRS reporting requirements ,$20,000 and more than 200 payments will be reported to the IRS

I've included choice article links and IRS link, be sure to rate this page "like" and to forward it to your friends in the online auction industry. Spread the word as the IRS is becoming involved!

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PayPal you now have restrictions
PayPal Readies for IRS 1099-K Reporting Requirements
PayPal is preparing for new IRS reporting requirements, and online sellers should prepare as well! PayPal is modifying ...
New TAX Laws for Ebay Sellers takes effect in 2011 for PAYPAL in Community Help Boards in Community
New TAX Laws for Ebay Sellers takes effect in 2011 for PAYPAL: New TAX Laws for Ebay Sellers takes effect in 2011 for PAYPAL reporting requirements. Paypal will be required to send out form 1099K...
Self-Employed Individuals Tax Center
Self-Employed Individuals Tax Center

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What it means to me

paypal taxesWhat this page on Paypal and taxes means to me is a heads up to my fellow internet sellers about the IRS and what you can do to avoid all the headaches. Do not make a clerical error that can cost you bigtime !

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  • freeship Feb 14, 2012 @ 9:28 am | delete
    The start date runs from the delivery acceptance date in Europe.
    mortgage calculator
  • desertdarlene Apr 4, 2011 @ 12:01 pm | delete
    OK, here's what's weird. I am self employed and several clients pay via PayPal. I already get a 1099 from them, so now I will have 2? Won't that confuse the IRS with having two different 1099s for the same income?
  • Classicvideogamesplus Jan 10, 2011 @ 3:12 pm | delete
    The goverment sees how much can be made by online sellers. Luckily I won't be affected by this. I'd love to make that much online annually though.
  • Jan 5, 2011 @ 5:37 am | delete
    Trillium Financial Services specialize as Grand Rapids Accounting Firms, CPA accountant, grandville accountant, grand rapids cpa firms.
  • jgelien Dec 8, 2010 @ 3:34 pm | delete
    Thanks for the information. I was unaware of the upcoming PayPal changes.

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crushwb

Crushwb :Former world merchant adventurer now in exile!
Former owner of the Ukraine/Canadian venture "Slavic Books Biz" the world economy had many results...
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