Paypal to Bank. Tax question - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 11-28-2017
Junior Member
 
Join Date: Mar 2015
Posts: 77
Thanks: 4
Thanked 5 Times in 4 Posts
Activity: 3%
Longevity: 36%
iTrader: (0)
Default Paypal to Bank. Tax question

Hello
So I have a serious question here. Let's say I have a paypal acc with xx.xxx amount in it and want to withdraw that amount to bank acc. PP acc is verified but not my name. If I withdraw big amount to my bank account would the gov. ask me to provide them paypal info (as they do not see pp info/amount in it if I do not send them it) from which I have withdrawn big amount of money?I know this is specific.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 11-28-2017
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,561
Thanks: 1,495
Thanked 4,454 Times in 3,449 Posts
Activity: 61%
Longevity: 51%
iTrader: (370)
Default Re: Paypal to Bank. Tax question

If you earn income then your legally meant to pay tax on that income

They are not going to ask for PayPal details though so long as you pay what is owed
Reply With Quote
  #3  
Old 11-28-2017
Junior Member
Threadstarter  
 
Join Date: Mar 2015
Posts: 77
Thanks: 4
Thanked 5 Times in 4 Posts
Activity: 3%
Longevity: 36%
iTrader: (0)
Default Re: Paypal to Bank. Tax question

Quote:
Originally Posted by JamesNorth101 View Post
If you earn income then your legally meant to pay tax on that income

They are not going to ask for PayPal details though so long as you pay what is owed
I know, I am for sure going to pay what is owed but again I am concerned if they would ask for pp info or not. Because money flow to bank would be kind of big. Cause you see, paypal is not on my name..

Last edited by lukas1001; 11-28-2017 at 12:42 PM.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paypal withdrawal to bank question Imohsofly718 PayPal Talk 4 09-07-2017 12:44 PM
paypal and bank question ozzy214 PayPal Talk 4 02-28-2015 01:01 PM
Paypal Name / Bank Question HARDCOREHOLLY PayPal Talk 1 07-11-2014 03:13 AM
Paypal Question . Add a Bank? scorpion896 PayPal Talk 7 08-24-2010 06:14 PM
PayPal Bank Question... TotallyDisgusted PayPal Talk 5 03-21-2008 06:24 PM


Aspkin Group

All times are GMT -5. The time now is 11:34 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts