12-30-2003, 12:58 AM
|
|
Newbie
|
|
Join Date: Dec 2002
Location: US
Posts: 21
|
|
Doing the end of year accounting, and I was wondering if the IRS tracks the amount of money in paypal accounts. Anyone have a clue or where I could check up on it?
I wasn't sure if even though paypal isn't technically considered a bank if the government tracks the money in my account just like they would a bank account.
If no, do you think they report my earnings and total account status if I'm signed up for money market?
Thanks 
Jeremiah
|
12-30-2003, 01:06 AM
|
|
Web Hosting Master
|
|
Join Date: Sep 2002
Location: Illinois
Posts: 2,305
|
|
Good question, hope to get an answer too
|
12-30-2003, 01:13 AM
|
|
Newbie
|
|
Join Date: Dec 2002
Location: US
Posts: 21
|
|
I found this site, but it doesn't answer the question directly.
http://www.taxes.com/eBay.htm
My bank issues a notice/warning that they reported my income/transactions to the IRS. And the companies I contract program with do the w-9's. I'm wondering if paypal would be required to do some form of notification if they do report it.
|
12-30-2003, 01:14 AM
|
|
Web Hosting Master
|
|
Join Date: Nov 2003
Posts: 2,790
|
|
Well, I know that in the US, All my bank accounts have required a Social Security Number (SSN) and any jobs I have had in the past also required this. And now even Googles Adsense Program requires this for tax info. I have never given my SSN to paypal. And that is how your taxes are done.
|
12-30-2003, 01:24 AM
|
|
Newbie
|
|
Join Date: Dec 2002
Location: US
Posts: 21
|
|
yea, that's a good thought. I wonder if they can just use the physical address though.
|
12-30-2003, 01:32 AM
|
|
Web Hosting Master
|
|
Join Date: Nov 2003
Posts: 2,790
|
|
Come to think of it. I have had my PayPal account for 2 years 3 months now. And never got anything in the past. Dunno, I will have to ask my accountant this time around..
Sure is nothing like a good ol Audit from the IRS lol
|
12-30-2003, 03:01 AM
|
|
Disabled
|
|
Join Date: Jun 2002
Posts: 308
|
|
If you gave paypal your SSN, they have access to the info.
|
12-30-2003, 03:09 AM
|
|
Web Hosting Master
|
|
Join Date: Nov 2003
Posts: 2,790
|
|
Quote:
Originally posted by bambenek
If you gave paypal your SSN, they have access to the info.
|
Nope never did never will, I will never put my SSN over the net no matter HOW secure it is..
Certain things were just never meant to be online, and your SSN is one of them.
|
12-30-2003, 03:48 AM
|
|
Web Hosting Master
|
|
Join Date: Sep 2002
Location: Illinois
Posts: 2,305
|
|
You do give your SSN when you apply for Paypal Debit card
|
12-30-2003, 04:57 AM
|
|
Web Hosting Master
|
|
Join Date: Nov 2003
Posts: 2,790
|
|
Quote:
Originally posted by null
You do give your SSN when you apply for Paypal Debit card
|
I guess it wasn't a requirement when it first came out, Otherwise i would not have gotten one.
I have had my PayPal debit card for quite some time now..
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
| Postbit Selector |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
|
| Login: |
|
|
| Advertisement: |
|
|
| Web Hosting News: |
|
|
|
