Shelbyville Times-Gazette

PayPal comment on new income reporting law

Posted Thursday, August 7, 2008, at 11:27 AM
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Here is the link to PayPal's comment on the new law. https://www.thepaypalblog.com/2008/08/proposed-irs-reporting-requirements-become-law/

I noticed that there is a discrepancy between what I got off the news-wire and this statement. The difference? Originally it was $10,000 and/or 200 transactions. PayPal sees it at $20,000 and/or 200 transactions.

Hopefully it will become a little more consistent by the time the law is enforced.

Comments
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I do not know. I am still working on enough money. I will let you know if and when I find out, but dont count on me finding out anytime soon.

-- Posted by memyselfi on Fri, Aug 8, 2008, at 6:29 PM

How much is too Much Money?

-- Posted by Dianatn on Fri, Aug 8, 2008, at 1:31 PM

I think everyone is trying to make too much money now. They are stripping away the simplicity of life and replacing it with a dollar value.

-- Posted by Monkey Killer on Fri, Aug 8, 2008, at 12:32 PM

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