On 5/21/2010 9:19 PM, RICHARD SOLOMON wrote:
> Let's see ... they (PayPal) have your Name, Address& Phone Number. If you
> link your account to a Bank Account, they have a routing number. Now they
> want your SSN !!!
>
I think you will find this is just another step required by the Govt to
keep track of, and tax, more money/transactions.
Try paying for a big ticket item in cash<:-))
Basically any one who handles your money needs your SS# which makes the
thing almost public.
Keep your receipts. If you sell it for less than you paid for it, you
should be OK. (that does not count maintenance or replacing tubes)
73
Roger (K8RI)
> As a philosophical old drunk once told me ..."Trust Me" ...
>
> 73, Dick, W1KSZ
>
>
>> From: k4vud@hotmail.com
>> To: amps@contesting.com
>> Date: Sat, 22 May 2010 00:52:46 +0000
>> Subject: Re: [Amps] Time to Quit Using PayPal?
>>
>>
>> Sri off topic.... looks like u will have to give everyone u do biz with
>> your SS number or get a special TIN... help me understand?
>>
>> Charles Harpole k4vud@hotmail.com
>>
>>
>>
>>
>>
>>
>>
>>
>>> From: cf@cfcorp.com
>>> To: gbenko@prodigy.net; amps@contesting.com
>>> Date: Fri, 21 May 2010 17:49:23 -0700
>>> Subject: Re: [Amps] Time to Quit Using PayPal?
>>>
>>> Looks like all electronic forms of payment will be reported, not just
>>> PayPal.
>>>
>>> There won't be any confusion, anything over the limits set by the government
>>> will be income and a 1099 will be issued and reported.
>>>
>>> 73,
>>>
>>> Cliff K3LL
>>>
>>>
>>>> -----Original Message-----
>>>> From: amps-bounces@contesting.com [mailto:amps-bounces@contesting.com]
>>>> On Behalf Of Shagbark Acres
>>>> Sent: Friday, May 21, 2010 5:19 PM
>>>> To: amps@contesting.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:
>>>>
>>>> http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/index.htm?sou
>>>> rce=cnn_bin&hpt=Sbin
>>>>
>>>>
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>>>
>>>
>>>
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>>
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