Taxes and Paypal
2014-05-28, 02:34 AM,
#1
Some CPA networks don't realize this, but Paypal sends a 1099-k document if your funds exceed $20,000 by the end of the year.
http://paypal.com/irs

I was hit by this last year, I ended up having to visit a tax attorney for advice, because several CPA networks reported my income (that was sent through Paypal) to the IRS.

I only know a few networks that don't report your income, that being AWM and Fileice, which I've talked to. So, try to use bank transfer or some other alternative option guys. We should bring notice to CPA networks that report your income, sent through Paypal.

Of course, this applies to the US. I'm not sure how it works in other countries, because of different regulations.
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2014-05-28, 03:27 AM,
#2
Anybody know how the situation is in Germany? :D
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2014-06-04, 12:02 AM,
#3
(2014-05-28, 03:27 AM)xxtayxx Wrote: Anybody know how the situation is in Germany? :D

And for Italy? :P

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2014-06-04, 01:32 AM,
#4
And what about for israel? :p
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2014-06-04, 01:40 AM,
#5
when i will make $20,000 per year, than i will take care of this and maybe pay the taxes, but until than, i do not care.

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2014-06-04, 02:38 AM,
#6
for Germany you must make over 16K € for TAXing it. (i think $20K in usa)
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2014-06-04, 12:45 PM,
#7
vuli
You're supposed to report any type of income you make, otherwise it'd be tax evasion. :)
Reply


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