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Yea,,He is Talking about things you can Deduct from your Income taxes as "Expenses" in order to Offset whatever Paypal (Or whatever Payment Processor) Reports to the IRS,,,,,

But just so you Know Bmbr34,,,you can Only deduct your "Time" if you are Listing Yourself as a Either Salaried Employee of a Company or an Independant Contractor,,,,

In Either Case,,, this Subject is WAAAAAAY beyond what the Scope of this Thread is about,,,,,

This Thread is About how to create and Maintain Stealth Paypal accounts with this New Legislation,,,,,AND THATS ALL,,,,,,Everyone should worry about the IRS ON THIER OWN,,,,,,,,,,,,,,,

:focus: :attention: :focus:

And how many times doth it need be said? By me, by others, mods need to get involved?

Everyone is missing the point here.......

I'm not even sure what is going on in this thread anymore. I just know that were all going to be @#$%#@ in one way or another. So we better start preparing for the future now.

Thread is being closed for PRUNING. XXXX

why the 200/$20,000 limit on PP/EB
 

I see this all the time, people wondering why and so many questions. Hope this clears it up for you.

For those of you who don't know why they have these limits? Etc.

This is why.

I was researching for payment plans for my website since the account I have doesn't have a shipping calculator for international sales. I found this link. Does that help you newbies explain why there are limits now? Huh? Are we down with the program? Does this answer your questions?

I know I know, you didn't sell anything hot, high risk, but still got hit with it? Well now you know why!

http://i48.tinypic.com/5fhugy.jpg

Re: Paypal, Your Accounts, and The IRS (200/$20,000) (USA ONLY)
 

old post anyway, but ive sold very well simce 2004 iv never had a problem with irs , taxes get paid on my investments and I never worry I in best year sold about 2000 worth gross made actualy if you can believe it over 13 thou in 9 years