Thursday, February 9, 2017

Paypal and taxes

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I know its a little early in the year to be talking about this but someone brought up taxes in the instagc chat, and a mod linked them to their informational page about when they report taxes to the irs. For paypal it says they don't report because paypal has its own system in place to get taxes. I went to paypals page about taxes and it says that it only reports to the irs if a seller has made a gross of 20k and 200 transactions. I was wondering since I'm not a selling using paypal and there is no way im making anything close to 20,000 in a year off of these sites how their reporting policy would affect me.



Submitted February 09, 2017 at 08:18PM by ThePotatoShepherd
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