Hatfield
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- May 3, 2012
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A few posts up I posted the info from the PayPal website about IRS reporting for online payments and donations. The form used to report the funds is the IRS 650w
Here is the link again, https://www.paypal.com/webapps/mpp/irs6050w
Thanks.
I can also vouche that certain dollar limits ring alarms for the banks.
Back when I actually had some serious money (LOL), I would occasionally get phone calls from my bank asking if I wanted to open up different types of accounts and things.
When I got back down to my usual broke-balance self, I never get those types of phone calls anymore.