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Taxes

RavensFan
Contributor

Taxes

If i dont make enough in a year to file for taxes but have received around $700 through paypal will i still have to file for taxes? Will Paypal send me and the IRS a 1099?

3 REPLIES 3
nevadasmith
Advisor

Re: Taxes

200 transactions AND $20,000 UNDER goods and services

RavensFan
Contributor

Re: Taxes

Does goods and services count as payments from say a sports site such as fantasy football? Or does that mean from selling things on Ebay?

nevadasmith
Advisor

Re: Taxes

there are 2 ways to pay a person-goods and services,if the sender bought something from you or use your service.

firend and family if friend or family send you money .it is a gift