Paypal IRS reporting quarterly or yearly?

[nsarno]

For the new tax law that's gone into effect are the sales going to be reported to the IRS quarterly or just at the end of the year? Do I have to pay the taxes quarterly or can I just do it once at the end of the year?

Additionally if I incorporate myself and change it now will that complicate things as far as Jan 1st to the day I change my paypal info into my corporation? or will it all just fall under my corporation since I'm doing it before the taxes are due?

[nsarno]

Anyone?

[omg18]

I read today that Paypal will be reporting DAILY!! Don't see how the manpower will allow for it but I guess they know what they are doing.

[JPCOINS]

HOW DO I GET MY TOTAL FEES PAID FOR 2010?

[TNTInteractive]

JPCOINS, you can get your 2010 Financial Summary in the Reports tab.

It will list all sales activity, fees paid, and more.

Reports

• 2010 Financial summary New!