So, anything over $600? Your right, there won't be any confusion. They
Alot of amps sell for more then that... One transaction can net you a nice
tax bill for selling your amp..
I am not a merchant, but PayPal lists me as such...
I just cancelled my account.
> ----- Original Message -----
> From: "Cliff Frescura" <firstname.lastname@example.org>
> To: "'Shagbark Acres'" <email@example.com>; <firstname.lastname@example.org>
> Sent: Friday, May 21, 2010 8:49 PM
> Subject: Re: [Amps] Time to Quit Using PayPal?
>> Looks like all electronic forms of payment will be reported, not just
>> There won't be any confusion, anything over the limits set by the
>> will be income and a 1099 will be issued and reported.
>> Cliff K3LL
>>> -----Original Message-----
>>> From: email@example.com [mailto:firstname.lastname@example.org]
>>> On Behalf Of Shagbark Acres
>>> Sent: Friday, May 21, 2010 5:19 PM
>>> To: email@example.com
>>> Subject: [Amps] Time to Quit Using PayPal?
>>> Seems as though PayPay will be reporting transactions to the IRS now...
>>> Lots of room for confusion for the "Private, non-business" seller...
>>> Check out:
>>> Amps mailing list
>> Amps mailing list
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