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Thread: paypal 1099
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Old 08-26-2015
computerpartsrus computerpartsrus is offline
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Default paypal 1099

Does anyone know exactly what I should do once I hit the 20k limit on paypal? Paypal 1099's after 20K and not sure exactly how to do this with a stealth account. I assume if I open up a LLC with new EIN they will 1099 the LLC and not individually? How should I report the taxes at year end personally with the 1099 to the corporation. Income came into the LLC but I still have to report income personally?? Please Advise
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