Quick Help on Taxes

[Master Jedi]

Hi, I'm 20, never filled out taxes and looking for some help. If I hit the $20k limit on Paypal, do they automatically send me a tax form? Also, how would I go about completing the process and how much money would I owe them? Because obviously paying taxes is pretty much a requirement.

[TGMT²]

Originally Posted by Master Jedi

If I hit the $20k limit on Paypal, do they automatically send me a tax form?

Probably not, they will inform the IRS of your income and it will be up to you to get the required forms and file.

This is not a tax forum, so you will have to look for help elsewhere.