200 Transactions / 20k per year

[nejidoreb]

With PP sending a financial statement to the I/R/S (along with the account holder's name, address) for anything above 200 transactions and 20k, will you be limiting the amount of money/transactions you'll make with your stealth accounts? Even if PP holds the statement until you provide a SSN, if you report over 20k sales to the I/R/S, wouldn't they check for a corresponding financial statement from PP?

[Hercules]

Yes they would.

[cardfelon]

Just spread your sales over multiple accounts to keep under the 20k limit and you should be fine.

[gugughandi]

so the rule for paypal is to not have over 200 transctions of sales / 20k money made on that paypal account, any less ist ok/safe?

[bork_bork]

Does anyone know if theses counters will reset on January 1st? Or will we be forced to keep using new accounts?

[rsot]

Reset each fiscal year

[Butterfly80]

Originally Posted by rsot

Reset each fiscal year

Sorry I’m stupid. What do you mean by fiscal year?