Tag: paypal irs
PayPal to Share Seller Information with the IRS
PayPal reached an agreement to share seller income information with the IRS starting in 2012
The new requirement was mandated by The Housing and Economic Recovery Act of 2008 recently passed by Congress. President Bush signed the bill into law on July 30. The bill and applies to all payment providers but PayPal negotiated with the IRS to only provide information on [...]
Posted: August 7th, 2008 under PayPal.
Tags: ebay marketing system, eBay PowerSeller, ebay sellers, housing and economic recovery, paypal irs, paypal taxes, skip mcgrath
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