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The Chip Board Archive 20

IRS going after Paypal Records of Sales

According to the linked article, payment sites like Paypal will be required to report sales to the IRS.
It also states small "vendors" will not get forms at the end of the year.
All others will need to keep really good records of costs and net profits.

Guess its time to go back to paper checks...

Messages In This Thread

IRS going after Paypal Records of Sales
Re: go back to paper checks
IRS & California Is Going After Use Tax!
IRS & California ARE Going After Use Tax!

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