Re: Anyone get this message from Paypal?
[Re: Mastershake340]
#2984305
11/11/21 10:09 PM
11/11/21 10:09 PM
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Joined: Jan 2003
Posts: 15,434 Omaha Ne
TJP
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I Live Here
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Don't know much about them. How does one buy and sell ? Are commissions involved ?? Is it digital currency How do you convert back to us Dollars if wanted? When doing so is that tracked or reported?
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Re: Anyone get this message from Paypal?
[Re: 1fastrunner]
#2984672
11/12/21 10:08 PM
11/12/21 10:08 PM
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Joined: Jan 2003
Posts: 15,434 Omaha Ne
TJP
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I Live Here
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Be careful when clicking links from "PayPal" The email from one I got the other day was paypl.com And always go directly to the site or google before even opening the message. And 99.9% of the time the address is something like PAYPALnotice@schmuck.com
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Re: Anyone get this message from Paypal?
[Re: TJP]
#2984868
11/13/21 04:14 PM
11/13/21 04:14 PM
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Joined: Jan 2003
Posts: 2,252 New York
rarefish
top fuel
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New York
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For those who want to know. Here is a link from PayPal's site that answers a lot of the questions about 1099-K reporting changes that will go into effect on January 1, 2021 https://newsroom.paypal-corp.com/20...ing-Requirements-Your-Questions-AnsweredUpdated: The change goes into affect on January 1, 2022 and and not 2021 as I stated above...
Last edited by rarefish; 11/15/21 11:38 AM.
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Re: Anyone get this message from Paypal?
[Re: TJP]
#2985370
11/15/21 11:41 AM
11/15/21 11:41 AM
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Joined: Jan 2003
Posts: 2,252 New York
rarefish
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top fuel
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Uhh did you mean January 1, 2022 ? Thanks for pointing that out. I have edited my original post. I'm usually only off by only a month or two, but a year is not good....
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Re: Anyone get this message from Paypal?
[Re: dk426]
#2987001
11/19/21 10:13 PM
11/19/21 10:13 PM
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Joined: Jan 2003
Posts: 15,434 Omaha Ne
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I Live Here
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they want all 600 dollars deal to let irs know deposits withdraws any thing you buy but i think it didnt pass the 600.00 bank account monitoring did not but the paypla, venmo, ebay thing did and will take effect 1-1-22
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Re: Anyone get this message from Paypal?
[Re: Mastershake340]
#2999395
12/29/21 07:43 AM
12/29/21 07:43 AM
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Joined: Dec 2021
Posts: 1 London
Lemair
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member
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It seems like this message is fake. I suggest you do not pay or have any transactions indicated in that email because you may be stolen by money or even have your bank details or personal data leaked. This happened to my mother when she had to perform an ein number. A gang of hackers sent you an email suggesting that she left the data in the form. Of course, they were going to take advantage of her. Thanks to the state support, she identified that it was a fake message and, in fact, understood that EIN is done only once and is always valid, without the need to re-enter the data in any form.
Last edited by Lemair; 01/03/22 11:32 AM.
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Re: Anyone get this message from Paypal?
[Re: 6PAX]
#2999595
12/29/21 05:16 PM
12/29/21 05:16 PM
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Joined: Jan 2003
Posts: 2,252 New York
rarefish
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Since I originally posted this topic, I have received the email from Paypal I mentioned 4 or 5 times, most recently a couple of days ago. When this takes effect in a few days I am done with Paypal. I don't really care if I am paid by a money order, etc. for parts I sell but I will miss using Paypal to pay for things I am purchasing. I'm thinking that for those in the know about the new lower IRS reporting threshold that can trigger a 1099-K at the end of the next year will probably stop taking PayPal payments. Accepting only money orders will be the new norm.
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Re: Anyone get this message from Paypal?
[Re: rarefish]
#2999669
12/29/21 08:31 PM
12/29/21 08:31 PM
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Joined: Jul 2006
Posts: 1,296 New Jersey
Powerflow
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pro stock
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Since I originally posted this topic, I have received the email from Paypal I mentioned 4 or 5 times, most recently a couple of days ago. When this takes effect in a few days I am done with Paypal. I don't really care if I am paid by a money order, etc. for parts I sell but I will miss using Paypal to pay for things I am purchasing. I'm thinking that for those in the know about the new lower IRS reporting threshold that can trigger a 1099-K at the end of the next year will probably stop taking PayPal payments. Accepting only money orders will be the new norm. Will PayPal Friends and Family be considered taxable income? They're really 'gifts'....
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Re: Anyone get this message from Paypal?
[Re: Powerflow]
#2999722
12/29/21 10:02 PM
12/29/21 10:02 PM
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Joined: Jan 2003
Posts: 15,434 Omaha Ne
TJP
I Live Here
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I Live Here
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Will PayPal Friends and Family be considered taxable income? They're really 'gifts'.... At this time they are not. But I suspect that may change. In addition, I suspect Paypal may start charging fees for those transactions as it will likely be used to avoid Uncle Joe's gret idea. Some selling formats like sleazebay are going to require the funds be paid through them and they will of course charge an additional fee and in some case sit on the $$ for up to 30 days. But they claim they're not making any additional money while sitting on it. Sure I believe that, who wouldn't ? I mean after all it's an HONEST American company right Rumor has it they may change the name to GREEDBAY I honestly hope uncle joe's idea buries the company
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Re: Anyone get this message from Paypal?
[Re: fastmark]
#3000047
12/30/21 06:19 PM
12/30/21 06:19 PM
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Joined: Jul 2003
Posts: 6,343 SE PA.
QuickBpBp
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Well, I hope the voters get a belly full of this soon. They need to have an irs official booth set up at these stores in CA where all of the shoplifting is taking place.these legal thieves need to pay taxes on this merchandise they are taking. They do have to report what they stole.. LMAO
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