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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