(Topic ID: 290092)

PayPal to start 1099 for everyone over $600

By Dr-Willy

3 years ago


Topic Heartbeat

Topic Stats

  • 22 posts
  • 16 Pinsiders participating
  • Latest reply 2 years ago by barakandl
  • Topic is favorited by 3 Pinsiders

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    #19 2 years ago

    PayPal does not like this, trust me. PayPal wants you to use their service and have money in your account. Its pressure from the government over anti money laundering. When it was 20K people would just create like 10 paypal accounts and keep everything under the limit to avoid taxes so they are making it harder

    If you are making money off of pinball start a small business and keep track of your expenses. You only pay taxes on profit. I'd rather keep it all myself too, but if you are writing a big check to the IRS it means you made money.

    #22 2 years ago
    Quoted from BOBCADE:

    Write your congressman automatically to oppose the new bill here https://icba.quorum.us/campaign/IRSprivacy/

    Probably just the IRS collecting names of tax evaders for further inspection.

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