Forum: PayPal Talk 
12-08-2014
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Replies: 25
Views: 4,511  Re: 20,000 Irs Rule
Late January, sometimes later.
It is in your "Tax documents" tab in paypal. Super easy pdf download.
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The complete step-by-step guide to get back to selling today!
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Forum: PayPal Talk
12-04-2014
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Replies: 25
Views: 4,511 Re: 20,000 Irs Rule
I like WY for a variety of reasons.
I almost never hold inventory in my state, so it makes having a clean WY company very easy for me.
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Forum: PayPal Talk
12-04-2014
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Replies: 25
Views: 4,511 Re: 20,000 Irs Rule
It is not ADDED.
It is just what is reported to the IRS.
ALL income is added together to make Gross income. Gross income minus expenses= taxable income as a general rule.
So you collect...
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Forum: PayPal Talk
12-04-2014
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Replies: 25
Views: 4,511 Re: 20,000 Irs Rule
A lot of people don't quite understand what the 1099K is.
It is the reporting of the gross amount of credit card processing if you processed 200+ transactions and 20K.
So echecks, lines of...
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Forum: PayPal Talk
12-04-2014
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Replies: 25
Views: 4,511 Re: 20,000 Irs Rule
It is 20K AND 200 transactions. Both must be met. Paypal asks when you approach either. If youy are approaching this late in the year on just one side of the coin, it seems you can go beyond by far...
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