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New PayPal IRS tax reporting requirements
PayPal has started collecting social security numbers or tax IDs from those who use goods and services to sell items in the U.S. This is part of a new federal requirement on such sites to report all sales income above $600 to the IRS. The previous threshold was $20,000 or 200 transaction per a...- thehutch
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- classified classifieds paypal sales tax selling tax
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- Forum: Members' Lounge (General Discussion)