PayPal IRS Statements - Net54baseball.com Forums

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02-04-2015, 01:02 PM

Bocabirdman Bocabirdman is offline

Mike

Member

Join Date: Jun 2012

Location: Rat Mouth

Posts: 3,158

Quote:

Originally Posted by slidekellyslide

Interesting...so someone with $19,999 in sales has to report nothing to the IRS?

Or more, if the second threshold of 200 transactions is not met..

Lifted from PayPal Help:

Starting in 2011, PayPal is required by the IRS to report the sales of goods and services for customers who, in a single year receive:
• More than $20,000, AND
• 200 or more payments.

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