Does Paypal file your income to the IRS?
Anyone know.
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ICQ 250 142 484 · AIM TGPDynamix · Email: patrick (at) tgpfactory (dot) com
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Originally posted by Dynamix
noooooooooo, they don't
Ivy -
No ... but Ebay/PayPal *DOES* share some of their data with law enforcement (they have publically stated so!), and thus it wouldn't surprise me if that included the IRS too; generate custom data queries for the IRS to look at, such as large volume accounts and/or lots of transfers to international PayPal users, etc.
RonDomagon - Website Management and Domain Name SalesComment
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Don't trust it. I can't see how a large company like that wouldn't cooperate with the IRS fully and transparently.I've trusted my sites to them for over a decade...
Webair, bitches.Comment
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Claim your income and you won't have to worry about it. I don't think they report to the IRS for every user, but if you were to get audited I am sure they would cooperate with the IRS.Living in Virtual Reality
Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedwsComment
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dont pay taxes on paypal income ;)
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