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New IRS rules require PayPal to report sales information
http://thenextweb.com/insider/2011/08/16/new-irs-rules-require-paypal-to-report-sales-information/ ^ | 8/16/11

Posted on 08/16/2011 6:33:22 PM PDT by Nachum

click here to read article


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To: ladyjane

You must be selling lots of stuff then.


61 posted on 08/16/2011 10:17:49 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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To: RandallFlagg

Its best not to add anything, so that they have a better chance of tracing it.


62 posted on 08/16/2011 10:20:33 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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To: Nachum

What a pain in the butt this is going to be for drug dealers and terrorists. Now they are going to have to spend like 15 or 20 minutes opening up dummy pay pal accounts. I’ll bet they’ll really be miffed.


63 posted on 08/16/2011 10:45:37 PM PDT by BUGSWOL
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To: Comparative Advantage

President George W. Bush has to sign the bill? He hasn’t been President for 3 years.


64 posted on 08/16/2011 11:38:16 PM PDT by Minutemen ("It's a Religion of Peace")
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To: Humble Servant

“Curious to know where you went?”
_____________________________________

I started out in central Europe and enjoyed it.
In Jan. 09, I moved to a beach in the Philippines.
Can not see ever returning to the USSA.


65 posted on 08/17/2011 12:23:12 AM PDT by AlexW
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To: ExTexasRedhead
Big Brother will be in your bedroom next.

I never pay over the $600 limit.

66 posted on 08/17/2011 4:00:39 AM PDT by jammer
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To: editor-surveyor

Good news for them if it’s not, but I think everyone is understandably leery of any new reach by the feds. The IRS has been given far too much power yet again of late by the PTB and really need their wings clipped!!


67 posted on 08/17/2011 5:31:35 AM PDT by JLLH
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To: editor-surveyor

Wrong again. I am not a seller.

You really need to understand that your particular experience is not shared by others.

Why do you feel the need to contradict others about their negative experiences with paypal?


68 posted on 08/17/2011 5:43:59 AM PDT by ladyjane
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To: CondorFlight

Actually it will just make merchants purchase a credit card machine. You will call the merchant to make the purchase and give them your CC# over the phone to be keyed in.


69 posted on 08/17/2011 5:55:34 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: ExTexasRedhead

Our gov-mint will tax foreplay and orgasm’s.


70 posted on 08/17/2011 6:01:50 AM PDT by tiger63
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To: Nachum
PayPal says it may place limitations on your account so that you won’t be able to receive funds or close your account.
71 posted on 08/17/2011 6:10:51 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Nachum

FUBO!


72 posted on 08/17/2011 6:34:05 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: ladyjane; All

Lost me as a customer too — same reason. Apparently you don’t have to give them that info. when you sign up initially, but after a certain number of transactions they demand you give it to them AS A CONDITION for continuing to use them. No doubt about it. It IS a requirement.


73 posted on 08/17/2011 2:10:52 PM PDT by JLLH
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To: editor-surveyor

Actually, paypal REQUIRES that you provide them with your bank account info. after a certain number of transactions if you want to continue to use them. I have never sold anything on ebay and have only used them for purchases there and elsewhere online. No more.


74 posted on 08/17/2011 2:16:39 PM PDT by JLLH
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To: giotto

Better my CC info. (and I can use a one time only fake number linked to my real one for that!) than my Bank Account info. Too many risks with the latter. If something goes wrong with the CC, the company is on your side and you can reverse charges. Not so easy with a bank account.


75 posted on 08/17/2011 2:19:11 PM PDT by JLLH
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To: editor-surveyor

Thanks e-s!


76 posted on 08/17/2011 3:13:16 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
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To: JLLH

No, they abolished that requirement several years ago.


77 posted on 08/17/2011 5:14:15 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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To: editor-surveyor

No, they didn’t. I have gotten an email each time I have used Paypal of late (within the last month or so) — from PayPal stating that I am about to reach my “limit” (after many many years of using them) and telling me I must get verified once I reach that limit if I want to continue to use them. I don’t know where you got your information, but I assure you that policy is alive and well.


78 posted on 08/17/2011 5:17:45 PM PDT by JLLH
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