Quote:
Originally Posted by jtschantz
I know this is off topic, but if you use paypal (which I am sure most on here do), you better read this now or possibly be very sorry you didn't come tax time in 2012. https://cms.paypal.com/us/cgi-bin/ma...ng_us/IRS6050W
Anyone have any thoughts? Excuse me if this has already been covered on this board. |
This is a good post. So basically, my first 199 (paypal) customers are the ones who I will take paypal from.
There is the $20,000 threshold AND the 200 transactions, in order to have to report.
Not just one or the other. I can see this being a huge loss for paypal.