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  #1  
Old 01-07-2011, 02:02 PM
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Default Someone please kill me..

I am getting ready to do my taxes this year and I ran accross the new Paypal Law the goverment started that states people that have $20k+ or 200+ transactions must be reported to the IRS.. Does anyone have more knowledge on this.. I seriously feel VERY sick to my stomach right now after reading about this. Not a good day at all Not to mention the text im getting from my wife about this doesnt help right now either

What I am trying to understand is 1-1-2011 effective date or am I going to get a nice nasty gram in the mail from Uncle Sam asking me to pay up for my hobby for the last tax year?? Anyone that knows a little more about this please feel free to contact me.
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Last edited by ssackett; 01-07-2011 at 02:04 PM.
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  #2  
Old 01-07-2011, 02:03 PM
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boom your dead
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Old 01-07-2011, 02:04 PM
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1st ive heard of it. just one more reason to avoid using PP. i guess any online sales will have to start going to USPS money orders only from now on even though it will take longer to complete everything
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Old 01-07-2011, 02:05 PM
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are you f** serious? i cant believe the gov. is trying to taxing everything they can. all you can had done is make 2 different paypal without different bank account
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Old 01-07-2011, 02:05 PM
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1st ive heard of it. just one more reason to avoid using PP. i guess any online sales will have to start going to USPS money orders only from now on even though it will take longer to complete everything
Tell me about it. This is seriously bull shiet but I can see how the goverment wants a cut of the pie ya know..
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Old 01-07-2011, 02:05 PM
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NO BUENO! I have not read about this yet!

on another note, get ready for a tax increase by a CRAZY amount. good ole Jerry Brown is at it again
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Old 01-07-2011, 02:06 PM
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question.... what if they where all sent as gift's?
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Old 01-07-2011, 02:07 PM
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i cant see how it can apply to used goods. then again im taxed every time i buy a new/used vehicle.
im reading about it right now
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Old 01-07-2011, 02:07 PM
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question.... what if they where all sent as gift's?
LOL probably will tell you to prove it lol!
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Old 01-07-2011, 02:08 PM
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LOL probably will tell you to prove it lol!
cant prove how random people just love me
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