following is info of interest. Full definition from paypal itself. https://cms.paypal.com/us/cgi-bin/ma...ng_us/IRS6050W
Threads from forum: please note 1st thread announced the fact to the forum. http://www.aspkin.com/forums/paypal-...-usa-only.html
From that it was determined that users would be able to deal with the matter of taxes by undertaking certain steps. That too is addressed. http://www.aspkin.com/forums/paypal-...000-limit.html http://www.aspkin.com/forums/paypal-...ts-tax-id.html http://www.aspkin.com/forums/paypal-...-go-legit.html
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Simply speaking, sellers should see tax professionals.
Earn money, pay tax. Simples:D
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