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Showing results 1 to 5 of 5
Search took 0.00 seconds. Search: Posts Made By: jeffweico

Forum: PayPal Talk

01-02-2011

Replies: 17

Need Help, account is about to go down, New Tax Reform

Views: 1,903

Posted By jeffweico

This would not have to be reported. However,...

This would not have to be reported. However, PayPal (or any other processor) will not wait until you are at $19,999 before requiring the information.

Unknown at this point is what dollar amount...

The complete step-by-step guide to get back to selling today!

Fresh Proxies

Forum: PayPal Talk

01-02-2011

Replies: 17

Need Help, account is about to go down, New Tax Reform

Views: 1,903

Posted By jeffweico

Your payments will be reported if you have...

Your payments will be reported if you have $20,000 AND 200 sales.

BOTH criteria need to be met to trigger the reporting requirement.

But, legally, you owe the taxes on your profits whether or...

Forum: PayPal Talk

01-01-2011

Replies: 17

Need Help, account is about to go down, New Tax Reform

Views: 1,903

Posted By jeffweico

True, but in most cases you only need to collect...

True, but in most cases you only need to collect from buyers in your home state. You should be doing that anyway.

That could change as the government gets greedier and more grasping, but for now...

Forum: PayPal Talk

01-01-2011

Replies: 17

Need Help, account is about to go down, New Tax Reform

Views: 1,903

Posted By jeffweico

Also just wanted to add a couple of FYI's... ...

Also just wanted to add a couple of FYI's...

First, it IS legal to use a stealth name as a DBA. You need to use your REAL NAME with the government and the IRS, but you CAN be Real Name d/b/a...

Forum: PayPal Talk

01-01-2011

Replies: 17

Need Help, account is about to go down, New Tax Reform

Views: 1,903

Posted By jeffweico

Always, ALWAYS pay your taxes. They say it...

Always, ALWAYS pay your taxes.

They say it is best, if you have not filed for whatever reason, to file and pay before the IRS comes looking for you. I'm sure that is true. But for you to decide...

Showing results 1 to 5 of 5

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