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Old 03-12-2012
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Default Overseas US PP tax

Hi all,

I've had a stealth paypal account for a while now. It's tied to my B of A bank account in the US. I am now in the EU and was wondering what will happen once I reach the $20k mark. Can anyone tell me more about the IRS form that PayPal sends out?

I'm overseas but my bank account is still in the US, so I have to pay taxes there, right? Is there an easy way to do this online or in my country in the EU? Not sure if I should be consulting an accountant or a tax manager on this, but I'm quite young and this would be my first time doing taxes, so any advice would be appreciated

Thank you!

Last edited by Zoop; 03-13-2012 at 12:03 AM.
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Old 03-13-2012
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Welcome to forum... You will need a tax adviser for this. You wont get much info for this here. I applaud you though for a young person to take the right steps
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Old 03-13-2012
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If your a US citizen you will need to pay taxes anywhere in the world you are. If you want more info, get pro. help.
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Old 03-13-2012
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Paypal will ask you for SSN so try to keep this paypal under 20k per year
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