kozmok
11-30-2011, 05:04 AM
I hope all hack site owners are aware (or anyone they got to handle the money) they Paypal will be sending out 1099's to accounts who had over 200 transactions and over $20,000 in transactions. This is the first year they are doing this.
You will be getting this near the end of January, you can go in and do a early report just to know where you sit.
What this means? If you don't file taxes on this, or include it on your taxes the IRS will come after your ass. It may take 1-2 years but they will catch up to you. You do not want this.
You will be getting this near the end of January, you can go in and do a early report just to know where you sit.
What this means? If you don't file taxes on this, or include it on your taxes the IRS will come after your ass. It may take 1-2 years but they will catch up to you. You do not want this.