Do you report all of your Paypal Income to the IRS?

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  • MF Doom
    Registered User
    • Jan 2005
    • 16

    #1

    Do you report all of your Paypal Income to the IRS?

    Do you report all of the money that hits your paypal account or do you only report it when you transfer it to a bank account?
  • studio
    Confirmed User
    • Feb 2004
    • 1095

    #2
    If you report any of it you best report it all... it leaves a paper trail...

    Comment

    • Spunky
      I need a beer
      • Jun 2002
      • 133978

      #3
      Yes indeed I do...it's the right thing to do

      Comment

      • DomBuyer
        Confirmed User
        • Sep 2002
        • 2595

        #4
        This has been much talked about, and any idiot who thinks he can hide his paypal income from the .guv is a fool.

        Declare it and sleep at night.

        Comment

        • dirtydesignz
          Confirmed User
          • Apr 2003
          • 1815

          #5
          Originally posted by spunky
          Yes indeed I do...it's the right thing to do
          yea!
          LIZZIE

          Comment

          • Rui
            web
            • Dec 2001
            • 9533

            #6
            Yes I do officer!

            Comment

            • MF Doom
              Registered User
              • Jan 2005
              • 16

              #7
              Originally posted by Rui
              Yes I do officer!
              thanks for blowing my cover

              Comment

              • Pornwolf
                Drunk and Unruly
                • Jan 2002
                • 22712

                #8
                I don't use Paypal.
                I've trusted my sites to them for over a decade...

                Webair, bitches.

                Comment

                • xclusive
                  Too lazy to set a custom title
                  • Apr 2004
                  • 35218

                  #9
                  if you don't you are a greedy fool.

                  I support MediumPimpin.com / Shemp's Outlawtgp.com /


                  Comment

                  • evanmorgan
                    Confirmed User
                    • Aug 2004
                    • 2490

                    #10
                    ive never earnt enough too, but i imagine you can claim a bit back on your heating and light, as you house is your office.

                    Ev
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                    Comment

                    • ADL_JD
                      Confirmed User
                      • Dec 2004
                      • 460

                      #11
                      You're not a covert IRS agent are you?

                      ;)
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                      Comment

                      • Stephen
                        Consigliere
                        • Feb 2003
                        • 1771

                        #12
                        Report all of your income. Pay your taxes. Remember Al Capone.

                        Comment

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