What's a 1099K

[liderbug]

I'm the web guy and know how to create a paypal account.  We have a 501-C3 org. and I set up the PP account to receive donations a couple of years ago.  The other day I received a 1099-K, my name, my address, my SSN.  And I do what with it?  Does the IRS think it's my income.  Do I just pass it on to the treasurer of the org?  I called the IRS <removed>  The IRS no longer answers questions on that subject <click>.

[PayPal_Olivia]

Hi @liderbug,

Thank you for your post. 

PayPal is required to issue a 1099-K for transactions over certain thresholds. The thresholds are $20,000 or more received over 200 or more payments, with a separate threshold of $600 over any number of payments for the states of Vermont and Massachusetts.

PayPal is unable to provide any instruction regarding your tax obligations.

Olivia

[liderbug]

The PP account is a 501c3.  I'm only the admin.  Any tax documents should be under the ORG ID#.  PP reported all donations under "my" SS#.  How do I get PP to correct the 1099K?