From 2011, CCs and PayPal will report eBay earnings to IRS

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RealBlackStuff
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From 2011, CCs and PayPal will report eBay earnings to IRS

#1 Post by RealBlackStuff » Tue May 05, 2009 5:12 am

Big Brother will be REALLY watching you
http://www.auctiva.com/edu/entry.aspx?i ... ome-to-IRS
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Re: From 2011, CCs and PayPal will report eBay earnings to IRS

#2 Post by dsvochak » Tue May 05, 2009 6:41 am

From the link:
But small sellers may also avoid the extra scrutiny, given the law's minimum threshold: Only payees with more than $20,000 in processed receipts and more than 200 transactions for the year must be reported.
Which makes this not an issue for most.
I used to be an anarchist but I quit because there were too many rules

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Re: From 2011, CCs and PayPal will report eBay earnings to IRS

#3 Post by dorronto » Tue May 05, 2009 6:42 am

Thanks for the clarification................I feel better now.. :mrgreen:

Ron
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