So i have spoken to many paypal Customer service agents who have calculated that i am NOT over the 20k irs reporting threshold and i have also verified this myself with my accounting. i do plan on reporting my income but dont want to go through an audit in case the numbers dont match up what paypal has. My questions IS if the accoutn is 500 dollars under the IRS Threshold at 19500k what is the likelyhood that Paypal would send a 1099 on accident or just flat out send one because its so close to 20K? i am over on the 200 transcactions so on the surface it appears as though i would not receive one.
I have spoken with a number of agents who state paypal would NOT send ond because its not over 20k and i ahve spoke to a few who seemed clueless and they said you could get one.
i am trying to get the facts if anyone knows them.
please help.
