| phaz0rz | 06-29-2016 06:58 PM |
Re: US Paypal 200 transactions/20K USD limited
You will be required to report the income for any account which you provide a Tax ID for. It doesn't matter if you transfer to a bank, it's still income. If you don't provide a Tax ID (which is how you bypass the 200/$20,000 limit), then you won't need to file taxes.
For specific tax rates you would need to talk to a tax expert. But again, unless you provide an EIN/ITIN/SSN Paypal will not send out a 1099, meaning you would not be obligated to pay taxes.
The easiest (cheapest) way would be to transfer money from USA Paypal to a USA bank account. Then you could transfer to Turkey by either bank transfer or instant money transfer (Western Union).
You can buy however many Paypal accounts you desire from here. That way you could rotate accounts and avoid providing a tax ID.
Hope this helps. | 
