PayPal 1099s?

[InternetAuthor]

Has anyone heard from PayPal about the new 1099s? I found the FAQ on the PayPal site and I found where I supposed to be able to download a form if I have one, but that spot is empty (for now) and the FAQ are vague at best. I'm definitely over the $20k, but I'm not sure about the 200 transactions.

Before I get too hot and heavy into tallying things up for tax purposes, I'd like to see what PayPal came up with for this form.

So...has anyone gotten a 1099 or heard a date on when to expect those? End the month like other companies, maybe?

 

[Yuckystuff]

You don't need a 1099. Either you earned the money or you didn't, and you can check your history for the exact total. Accountants don't use 1099 to do your taxes.

 

[Dresden14]

i just create multiple accounts and ditch em after a few months under various fake names. Fuck paypal and their tax requirements.

 

[pocketrockets]

I believe Paypal has until February 15th to submit the new 1099k.

I'd just give them a call.

1-888-221-1161
1-402-935-2050 (if calling from outside the U.S.)
4:00 AM to 10:00 PM Pacific Time Monday through Friday
6:00 AM to 8:00 PM Pacific Time Saturday and Sunday

 

[MyOwnDemon]

They don't report if it's under $20k or 200 transactions? I thought that they were going to start reporting no matter what. Hmmm, interesting.