PayPal Community

jakz · ‎Feb-08-2011

Thank you, Hopefully with the new tax expectations next year Paypal will make an easier 12 month way for us to sort our expenses. though this is much more workable then sorting through it all one by one. I still think with a minimum of effort Paypal can come up with some very workable solutions to make this time which is stressfull enough smooth and workable. I realize keeping a day to day balance log is essentual but what alot of work, time and effort to put into a part time job and hobby. Frustrating to say the least. Paypal got several thousand dollars from me this year and I am sure several thousand from venders I purchased from, its not asking too much that we receive some simplified ways of sorting our expenses for irs purposes. (especially expenses that are easily sorted and can be done via automated method - such as shipping- ebay fees - etc. )

jakz · ‎Feb-03-2011

sort 365 days with hundreds of shipments sometimes 20 a day, that is exactly what I am going to have to do and then calculate a total, but does that seem the practical way, when the information is in Paypal already I should just be able to click all usps payments for the year (date to date history report) and they come up I already tried payments by email to usps but it did not pull anything up I understand asking them to sort some payments is asking alot but usps is considered a loss. not part of stock, nor advertising etc. it is not considered income and should have a seperate history easy to download right off the site. I did talk to a rep and they said at this time there is no way to download a total, you have to manually add it from transaction to transaction, if they are wrong I would LOVE to know and I would appreciate them knowing that info too. (I will check your information CSV, I dont have excel or the office program you spoke of. ) J

jakz · ‎Feb-02-2011

Tonight I called and was rather appalled that paypal does not seperate out shipping amounts for the tax year they count it in the totals as payments received in our financial statement. Why is Paypal not yet up to the challenge of us doing our taxes. Being the number one online payment site there should be an easy download of shipping amount paid out through Paypal to usps. The information is there but accessing it is a nightmare.. Had I known I would have done things differently, but I was sure paypal was up to the challenges tax reporting would demand on its customers that I really could not imagine they would not have a ap for this. Imagine my dissapointment when I was told I would have to download the entire year history and pick out each shipping payment adding it manually literally hundreds of payments.... sad sad Paypal get on the ball... since you have a whole merchent shipping arena, please allow us to access just shipping payment files and if you do have that information readily available as it should be, please inform the phone staff because they are not aware of it.

PayPal Community

Re: tax concerns is Paypal up to the challenge- No...

Re: tax concerns is Paypal up to the challenge- No...

tax concerns is Paypal up to the challenge- Not Ye...