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Old 01-21-2012, 09:44 AM   #1 (permalink)
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Question PayPal 1099s?

Has anyone heard from PayPal about the new 1099s? I found the FAQ on the PayPal site and I found where I supposed to be able to download a form if I have one, but that spot is empty (for now) and the FAQ are vague at best. I'm definitely over the $20k, but I'm not sure about the 200 transactions.

Before I get too hot and heavy into tallying things up for tax purposes, I'd like to see what PayPal came up with for this form.

So...has anyone gotten a 1099 or heard a date on when to expect those? End the month like other companies, maybe?
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Old 01-21-2012, 11:51 AM   #2 (permalink)
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You don't need a 1099. Either you earned the money or you didn't, and you can check your history for the exact total. Accountants don't use 1099 to do your taxes.
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Old 01-21-2012, 01:17 PM   #3 (permalink)
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i just create multiple accounts and ditch em after a few months under various fake names. Fuck paypal and their tax requirements.
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Old 01-21-2012, 03:38 PM   #4 (permalink)
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I believe Paypal has until February 15th to submit the new 1099k.

I'd just give them a call.

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Old 01-21-2012, 06:58 PM   #5 (permalink)
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They don't report if it's under $20k or 200 transactions? I thought that they were going to start reporting no matter what. Hmmm, interesting.
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