KingRay | 11-24-2011 12:49 AM | Its been said on many postings. Its the IRS so its the IRS tax year which is always the same. Jan 1st to dec 31. Every time.
If you are planning on sitting on an account with say 15k after they asked for the ID and you just stopped selling before it hit the 2k, I will imagine that your account wont just be sitting jan 1st ready to be used with an empty account and start over.
They will most surely limit them still until you post the EIN/SSN with them.
also, any of you that upgraded to business, its been said many times now on the business news channels that paypal or anyone else has nothing keeping them from reporting every single dollar you make under a buisness account. they can and might report it all and just have to with the 20k for sure.
Not been addresses yet by paypal. |