Thread: PayPal starts reporting 2011 income to IRS
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Old 11-05-2010, 06:12 PM  
will76
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Join Date: May 2003
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Quote:
Originally Posted by WorldwideWebGuy View Post

Curious for clarification or thoughts ... what constitutes a PayPal merchant card? Is only income made receiving income through a merchant card effected? I have a business account verified with PayPal but to my knowledge have no card & have only used PayPal to process payments of some items I've sold on ebay in the past (ebay & paypal both collecting fees from those transactions, which weren't that much). Is a normal person or business effected by this ... and do they have to remain under the $20,000 and 200 a year limits?
here is some clarification.... pay your fucking taxes. Now it will be more of an even playing field for the people who have been doing it legally.
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