Quote:
Originally Posted by Farrah Whitworth-Rahn
Paypal and services like that will begin issuing 1099's in 2011 as well. So all of you who sell on Ebay...watch out. 
hxxp://taxprof.typepad.com/taxprof_blog/2010/03/irs-to-start.html |
I knew about the 1099Ks back in 2008. Limited to 200 individual payments AND $20K in transactions Much smaller scale and I welcomed that change since some of my competitors are not paying taxes and I know they take in more than $20K per year. Bastards.
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Last edited by Mustang : 05-24-2010 at 10:38 PM.
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