If I made like 1000 dollors on ebay and got paid through to my paypal account. Will paypal report this money to IRS???
2007-02-02 07:02:23 · 4 answers · asked by David W 2 in Computers & Internet ➔ Internet
Seemingly (coz am not really sure of the facts)..
The Revenue hounds .. the starving dogs that they are would want to collect as much info & squeez people as much as they can..
to get their (or rather our!!) monies..
So by that thought, I guess if IRS comes knocking on their doors.. & they have a financial trail somehow leading up to you/ someone, then theyav had it...
2007-02-02 07:12:23 · answer #1 · answered by callmemonu 3 · 0⤊ 0⤋
You have to report all your earnings to the IRS and so does paypal
2007-02-02 07:09:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't think so, I made a lot of money, and never had to report it to the IRS.
2007-02-02 16:41:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'm unsure about this. I'd try looking at their FAQ's or contact them to ask them. I do know that they charge accounts that go over a certain limit. Not sure if this covers it or not.
I highly doubt you'd have to pay taxes, unless that's part of the money that's taken out in the first place.
2007-02-02 07:09:23 · answer #4 · answered by barbevans04 2 · 0⤊ 0⤋