Hi, It's my understanding that Paypal will report an account that gets paid over $20,000 in a year plus have over 200 transactions to the IRS. Does paypal send me a paper accounting or a form I can get off the PP Site of what they are sending to the government for my records and do I need something like this for my records? Paypal already told me that my account would be reported to the IRS because of the amount and number of transactions. So I already know the amount and number of transactions. I have never filed taxes before so any comments are greatly appreciated. Thanks!
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