PayPal Community

If you are making money, even if you are in college, then you have to report that to the IRS. It's life, unfortunately. ... View more

Well for 16 years I have always reported all of my earnings, filed the long form ( which takes me forever ), done all of my deductios etc. I'm not even a seller on Ebay, but i use paypal for my website. I am within $800 of paypal on my gross earnings, BEFORE deductions. I just can't figure out now, and this is my last bit of confusion, if I need to deduct the shipping that paypal reported, as I did not report shipping as an earning. ... View more

I spent an hour on the phone yesterday with the IRS. At the end of all of my questions about the 1099 Paypal form..the lady says to me, ' this year only, the IRS wants you to enter zero where the 1099's would go'. She said this was for THIS past year ( 2011) only, and was because this was basically a new thing.   So heck, if I'm not more confused than ever ! ... View more

it takes 19,000 to maintain a website ? ... View more

How is this even possible ? what number did you call, as I would like to hear this  myself. ... View more

I am just SO confused. I have done my own taxes using the upgradede version of Turbo Tax for 16 years, and never had one problem. Now Paypal has to throw a wrench in things by sending me figures that are more than what I have filed on my own quarterly taxes. I keep pretty good records too ! I am just holding off until late March to file, and reading everything I can in between hoping to learn something. ... View more

I don't see how using a paypal debit card would have anything at all to do with what is reported on a 1099 form. It is not money you earned, it is money you spent.   ... View more

First and formost, I file quarterly taxes in which I keep all of my paperwork, so I know how much I have made. Secondly I went back and printed off my sales , monthly from paypal. I added up everything, gross, plus gifts ( which were less than $100). The 1099 form paypal sent me is $7,000 more than what their own records show. I'm not the only one that this is happening to either. And get help from Paypal? really ? they have yet to return the email I sent them over a week ago. ... View more

Paypal is reporting that I made $7,000 more than I actually did in 2011. Where are they coming up with that number ? I do NOT want to pay taxes on money I didn't even make !!! ... View more

see this is a question of mine. I have been reporting my income, on my quarterly taxes that I file throughout the year. So do I put this paypal number down on top of what I normally already put on my yearly tax return ? If so that would make my income double. ... View more