eBay Suspended & PayPal Limited Forums - paypal payments and taxes

Yes, paypal will limit your account and you'll be asked to explain 'account activity'. TO why are you receiving a lot of payments with 'friends and family' options. Most likely they will ask proof of fulfillment, invoices, tracking, business information, etc.

DocumentRequest

12-10-2019 08:31 PM

Re: paypal payments and taxes

F&F is typically a fast track way of being limited and eventually suspended. Also with usa tax law, any and all income would need to be reported. That doesnt necessarily mean you will pay taxes on it, due to the varies tax laws, but would need to be claimed.

ashrafohm

12-11-2019 07:44 AM

Re: paypal payments and taxes

Quote:

Originally Posted by DocumentRequest (Post 1054506)

Thank u, but actually the real progress is that i receive for a friend then cash out and send him the cash money

so no real income for me .. does that change the situation ?

how can i get rid of this ?

agent006140

12-11-2019 09:19 AM

Re: paypal payments and taxes

get rid of what?
stop doing a favor for your friend?
Folks do send money to each other via F &F,parents to kids,grown adult children to elderly parents,friends sharing a meal,but I would not do so with large amount and frequently.

agent006140

12-11-2019 09:20 AM

Re: paypal payments and taxes

you should keep record that the sum you received is sent to someone,if you download to a bank account?

ashrafohm

12-11-2019 09:21 AM

Re: paypal payments and taxes

Quote:

Originally Posted by agent006140 (Post 1054602)

you should keep record that the sum you received is sent to someone,if you download to a bank account?

i send them via xoom service which is paypal service to transfer money (like western union)

without even withdrawing to my bank account, will this help ?

agent006140

12-11-2019 11:26 AM

Re: paypal payments and taxes

then you should keep records of what you receive,what you sent,
Paypal activities is kept for 7 years !

agent006140

12-11-2019 11:29 AM

Re: paypal payments and taxes

Paypal makes no money with F&F activities,the rest of us are subsidising you .
so dont abuse it

ixxx	12-21-2019 03:33 AM

Re: paypal payments and taxes

Paypal does make money on F&F transfers, only it's the sender who pays the fee not the receiver...

rsot	12-21-2019 06:17 AM

Re: paypal payments and taxes

Quote:

Originally Posted by agent006140 (Post 1054640)

Paypal makes no money with F&F activities,the rest of us are subsidising you .
so dont abuse it

Not true sad to say

agent006140

12-21-2019 10:57 AM

Re: paypal payments and taxes

Quote:

Originally Posted by ixxx (Post 1056527)

Paypal does make money on F&F transfers, only it's the sender who pays the fee not the receiver...

only if you use a credit card,or may be a debit card and foreign currencies ,sending to another country??
It should be stated in Paypal fee schedule,not all F & F is free.
domestic transfers using Paypal fund is free

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