Thursday, Dec. 8, 2016
Payment providers like PayPal will have to start reporting as of January 1, 2011. Happy New Year from our leaders!Posted Thursday, September 16, 2010, at 9:38 PM
All payment providers like PayPal, Google Checkout, etc will have to start reporting your transactions to the IRS if your transactions total over $20,000 AND receive more than 200 payments in a year's time.
Find more information at paypal.com/irs
I would bet all the payment services will have a similar information page. We are signed up for others but have never been paid through them so no need to check them our closer at the moment.
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Steve Mills and his wife have one daughter. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.
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