Overseas US PP tax - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home > Subscriber's Area > Subscriber Discussions

Subscriber Discussions The juicy stuff...

Thread Tools
Old 03-12-2012
Junior Member
Join Date: Aug 2010
Posts: 17
Thanks: 2
Thanked 4 Times in 4 Posts
Activity: 0%
Longevity: 79%
iTrader: (2)
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.
Reply With Quote
The complete step-by-step guide to get back to selling today!

Old 03-13-2012
newjerseymax's Avatar
Executive [VIP]
Join Date: Apr 2010
Posts: 2,842
Thanks: 1,090
Thanked 683 Times in 494 Posts
Activity: 0%
Longevity: 81%
iTrader: (6)

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
Reply With Quote
Old 03-13-2012
Executive [VIP]
Join Date: Dec 2010
Posts: 3,506
Thanks: 254
Thanked 815 Times in 600 Posts
Activity: 1%
Longevity: 77%
iTrader: (0)

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.
Reply With Quote
Old 03-13-2012
jamcocktail21's Avatar
Senior Member
Join Date: Dec 2011
Posts: 486
Thanks: 25
Thanked 73 Times in 64 Posts
Activity: 0%
Longevity: 71%
iTrader: (1)

Paypal will ask you for SSN so try to keep this paypal under 20k per year
Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
The End of overseas wholesale as we know it? Red X Everything Else 6 11-18-2011 03:35 PM
Listing from overseas? chknlollypop101 Subscriber Discussions 4 05-17-2011 08:50 PM
best way to buy from wholesaler overseas GTB UK eBay & Paypal 11 12-03-2010 10:56 AM
Selling Overseas Killed by Ebay eBay Discussion! 8 03-08-2008 03:25 PM

Aspkin Group

All times are GMT -5. The time now is 10:05 PM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58