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01-12-2008, 10:54 PM | #1 |
AND Friday also! Donating Member Join Date: Jul 2006 Location: Long Island
Posts: 3,371
| PayPal e-mailed notices saying that it will be providing acc'nt info to IRS
__________________ Like dogs, we should sniff butts, not kiss them. Dogs have more friends because they wag their tails, not their tongues. http://music.clevver.com/video/25815...ersion-300.php |
Welcome Guest! | |
01-12-2008, 11:25 PM | #2 |
Donating YT 10K Club Member Join Date: Jun 2007 Location: DFW, Texas
Posts: 11,003
| I don't understand a lot tax stuff yet... I'm assuming this would only affect those that make a lot of money through paypal? I don't think I even got one of those e-mails. Anyone know any more info?
__________________ ~Magnifique Yorkies~ Purchasing from backyard breeders, pet shops, and puppymills perpetuates the suffering of other dogs. Educate yourself and buy from reputable breeders or rescue. |
01-13-2008, 12:03 AM | #3 |
Donating Senior Yorkie Talker Join Date: Oct 2007 Location: sunny CA
Posts: 789
| looks like it pertains to debit or credit cards issued from offshore countries (commonly used as tax havens for people who are trying to evade taxes by hiding income in offshore accounts) I do not think this will have an effect on honest pay pal people.
__________________ Dogs are such agreeable friends, they ask no questions, they pass no criticisms, they do not borrow money, they only beg for food and love. |
01-13-2008, 12:41 AM | #4 |
I Love My Lil' Punkin's Donating Member | I certainly hope not!
__________________ Mommy Loves Stedman and Tatum! They have us wrapped around their little paws! |
01-13-2008, 10:11 AM | #5 |
No Longer a Member Join Date: Jul 2005 Location: California
Posts: 5,368
| I didn't recieve this email,did anyone here? |
01-13-2008, 10:46 AM | #6 |
Donating YT 10K Club Member | Not me.... This reminds me...one time a story was going around that eBay was gonna provide information to the irs too. I never heard if that actually happened either.
__________________ Deb, Reese, Reggie, Frazier, Libby, Sidney, & Bodie Trace & Ramsey who watch over us www.biewersbythebay.com |
01-13-2008, 10:48 AM | #7 |
Lovin' every minute Donating Member Join Date: Aug 2007 Location: Wisconsin
Posts: 1,132
| I could be in trouble...j/k |
01-13-2008, 11:53 AM | #8 |
No Longer a Member Join Date: Jul 2005 Location: California
Posts: 5,368
| Better safe than sorry...I always report all I make! Not worth trying to hide it. |
01-14-2008, 02:04 PM | #9 |
YT Addict Join Date: Sep 2006 Location: douglaston ny
Posts: 498
| i did not receive anything from ebay or paypal. i hope i dont get nto trouble now. after all the fees, you dont make much money any more |
01-14-2008, 04:47 PM | #10 |
Donating YT 1000 Club Member Join Date: Jul 2005 Location: Chicago Suburbs
Posts: 3,306
| I don't think this is for regular paypal accounts. But anyway, taxes are only an issue if you are truly making money on ebay and not reporting it, not if you are selling an old designer purse or cell phone or shoes or whatever. That doesn't count any more than a garage sale does.
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01-14-2008, 06:08 PM | #12 |
Love My Furbabies! Donating Member Join Date: Jan 2007 Location: somewhere
Posts: 4,427
| I plan to report all the the money I make as well as all that I've spent for my business, so I'm not overly concerned, but it definitely makes me want to be sure I have everything in order! |
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