When does paypal mail form 1099-k?

[xaddo]

Does anyone know when we can expect paypal to start mailing out the 1099-k forms?

[Here We Go Again]

Try this:
Go to www.google.com
Type in Paypal+1099-k

See if the information you are seeking magically appears.

[xaddo]

Of course google was the first place I went to but the only answers where "the next year, for sales from the previous year". Since the building I'm in has very unreliable and insecure mail I would like to narrow it down a little bit and see at what point in the tax season other people got theirs in 2011. Do they start sending them out today or is it something they start doing in March?

[3dfuzion]

Yes, i couldn't find an exact month or date PayPal mails out the 1099-K to sellers who exceed earnings past the threshold. Any update on this burning question would be great so i can prepare my schedule C. Thank you!

[jamcocktail21]

They sent me at the end of March

[goofball]

As with most 1099's the deadline that a company is supposed to send them by is January 31st following the tax year that they are for. (a simple google search brought me to this, as well...remember if it has to do with taxes, everything you want/need to know is also readily available on the IRS website. )

This said, over the years with all types of 1099's that I have recieved, sometimes companies are on time, sometimes not. The IRS can penelize a company for being late, but in my experience they rarely if ever do. Ultimately the IRS really wants to make sure you file appropriately by tax time. Jan 31'st is the presumed date that still gives people time to get tax stuff in order come april 15th.