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since ‎Jan-27-2023
username1121
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Re: PayPal mailed me a 2020 1099-K today. Why?

by username1121 Contributor in Reporting Archives
‎Feb-01-2023 09:28 AM
‎Feb-01-2023 09:28 AM
Thank you for the update @PayPal_Olivia. For the customers bewildered by receipt of a 2-year old tax document, will PayPal be sending another letter or email explaining what happened? Was the information in the form accurate? Was it simultaneously provided to the IRS? How many customers were impacted? Why am I creating an account on a message board to hunt down information that a customer service agent is unable to provide me on the phone? The absence of transparency and communication is not what I expect from a company that wants me to trust it to handle my money.  ... View more

PayPal mailed me a 2020 1099-K today. Why?

by username1121 Contributor in Reporting Archives
‎Jan-27-2023 12:26 PM
‎Jan-27-2023 12:26 PM
I received a 2020 1099-K in the mail today from PayPal. It's not marked as corrected. There's no note or additional information, just a tax document sent two years late. I think this was before the reporting requirement was reduced from $20,000 so I'm not sure why it was ever generated by PayPal in the first place. In my account I can download my 2022 1099-K but the form isn't available electronically from any other year. Why did PayPal generate this 2020 1099 and mail it to me? ... View more
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