Dismiss Notice

STYLE. COMMUNITY. GREAT CLOTHING.

Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

Click Here to join Styleforum's thousands of style enthusiasts today!

PayPal will require SS# & report receipts to IRS

Discussion in 'Classic Menswear' started by mussel, Dec 2, 2010.

  1. SpooPoker

    SpooPoker Internet Bigtimer and Most Popular Man on Campus Dubiously Honored Affiliate Vendor

    Messages:
    37,006
    Likes Received:
    40,720
    Joined:
    Oct 11, 2009
    Location:
    LuxeSwap
    Paypal does not care where it comes from as long as they get their cut.
     


  2. HarleyBob

    HarleyBob Senior member

    Messages:
    411
    Likes Received:
    19
    Joined:
    Jun 12, 2010
    Hey, here's a novel idea; just pay your taxes like you should and then you don't have to worry about PayPal reporting your transactions or the IRS coming after you. Having worked for many years in the public accounting world, I have seen a lot of people try to avoid taxes and scam the system. It just isn't worth it. I pay a lot more in taxes than I would like, but when it comes right down to it, I get a lot of benefits. It irks me when people don't pay their rightfully owed taxes.
     


  3. rebel222

    rebel222 Senior member

    Messages:
    4,704
    Likes Received:
    48
    Joined:
    May 21, 2008
    Location:
    Louisiana
    BTW, are some of you guys who receive PP from around the world worried about inquiries regarding where you are getting the money from and for what purpose.
    It actually did cause me a slight problem when purchasing a home. Apparently, people launder money through mortgages and real estate. I had to account for any transaction over $300 (IIRC) that was not normal payroll type stuff, i.e. provide a printout of the SF sale or eBay auction. Dozens of my paypal transactions over the prior 3 months were over the limit. After realizing the troubles this would have caused and somewhat believing my story, my banker pretended that I didn't tell him about my paypal account. I couldn't count it as income, but it wasn't necessary. EDIT: On a side note, I paid taxes on my eBay stuff. I just don't like this information being sent to the IRS. I always get worried that my numbers will be slightly different than theirs, triggering an audit.
     


  4. aj_del

    aj_del Senior member

    Messages:
    6,964
    Likes Received:
    126
    Joined:
    Jul 29, 2009
    Paypal does not care where it comes from as long as they get their cut.

    I was talking about homeland security, IRS, FBI and other government agencies, rather than PP
     


  5. SpooPoker

    SpooPoker Internet Bigtimer and Most Popular Man on Campus Dubiously Honored Affiliate Vendor

    Messages:
    37,006
    Likes Received:
    40,720
    Joined:
    Oct 11, 2009
    Location:
    LuxeSwap
    [​IMG] pshaw, them? Son, whats this $500 from Dubai? Payment for a pair of Gazianos, sir. Who are they, some criminal syndicate? You in the mafia, boy? No, no - they are shoes! For $500, son? Come on now. What were you smuggling in the soles? They were channeled! With a beveled waist! Where were the drugs - in the waistband? faceplam [​IMG]
     


  6. niidawg3

    niidawg3 Senior member

    Messages:
    3,495
    Likes Received:
    785
    Joined:
    May 26, 2009
    Location:
    Atlanta, GA
    Hey, here's a novel idea; just pay your taxes like you should and then you don't have to worry about PayPal reporting your transactions or the IRS coming after you. Having worked for many years in the public accounting world, I have seen a lot of people try to avoid taxes and scam the system. It just isn't worth it. I pay a lot more in taxes than I would like, but when it comes right down to it, I get a lot of benefits. It irks me when people don't pay their rightfully owed taxes.

    hop off your high horse bra!
     


  7. RangerP

    RangerP Senior member

    Messages:
    305
    Likes Received:
    1
    Joined:
    Sep 16, 2010
    Location:
    Canada
    [​IMG] pshaw, them?

    Son, whats this $500 from Dubai?
    Payment for a pair of Gazianos, sir.
    Who are they, some criminal syndicate? You in the mafia, boy?
    No, no - they are shoes!
    For $500, son? Come on now. What were you smuggling in the soles?
    They were channeled! With a beveled waist!
    Where were the drugs - in the waistband?
    faceplam
    [​IMG]


    Hahaha

    That is probably how it would go down...
     


  8. chasingred

    chasingred Senior member

    Messages:
    1,190
    Likes Received:
    5
    Joined:
    Apr 4, 2009
    I assume this doesn't apply to gifts and personal payments?
     


  9. k4lnamja

    k4lnamja Senior member

    Messages:
    1,524
    Likes Received:
    55
    Joined:
    Nov 15, 2010
    fuck.

    Nice avatar.

    Humm Babbby!

    Go Giants!
     


  10. chenzhongbi

    chenzhongbi Senior member

    Messages:
    783
    Likes Received:
    2
    Joined:
    Jun 27, 2006
    Location:
    IL
    [​IMG] pshaw, them?

    Son, whats this $500 from Dubai?
    Payment for a pair of Gazianos, sir.
    Who are they, some criminal syndicate? You in the mafia, boy?
    No, no - they are shoes!
    For $500, son? Come on now. What were you smuggling in the soles?
    They were channeled! With a beveled waist!
    Where were the drugs - in the waistband?
    faceplam
    [​IMG]

    [​IMG]
    Good one.
     


  11. chasingred

    chasingred Senior member

    Messages:
    1,190
    Likes Received:
    5
    Joined:
    Apr 4, 2009
    [​IMG] pshaw, them?

    Son, whats this $500 from Dubai?
    Payment for a pair of Gazianos, sir.
    Who are they, some criminal syndicate? You in the mafia, boy?
    No, no - they are shoes!
    For $500, son? Come on now. What were you smuggling in the soles?
    They were channeled! With a beveled waist!
    Where were the drugs - in the waistband?
    faceplam
    [​IMG]


    Gazianos with channeled stitching and beveled waists are only $500? [​IMG]
     


  12. Xiaogou

    Xiaogou Senior member

    Messages:
    3,794
    Likes Received:
    47
    Joined:
    Sep 2, 2008
    Gazianos with channeled stitching and beveled waists are only $500? [​IMG]

    That's just the deposit
     


  13. M. Charles

    M. Charles Senior member

    Messages:
    598
    Likes Received:
    2
    Joined:
    Jul 19, 2007
    I am glad that there is at least one transaction -- the exchange of cash on the street -- where this f*ing government (at least at the moment) can't stick its nose. Billions of taxes are lost every year because large corporations hire fancy lawyers to exploit loopholes for them, among other tricks, and the IRS focuses its time on the small potatoes that is the private individual hawking secondhand items with paypal? Unlike the poster above, I would be *delighted* if human ingenuity is exercised to find a way around this, not because it would make any difference for me, but because it really pisses me off in principle. Correct me if I"m wrong, but the government doesn't tax the 20K one could make simply by opening one's garage door and having a tag sale.
     


  14. johnny_flapjack

    johnny_flapjack Senior member

    Messages:
    1,692
    Likes Received:
    2
    Joined:
    Mar 29, 2007
    Location:
    Detroit
    fuck.


    1) Go to NMLC, buy 4 things for $200 total
    2) Sell three for $70 each, keep 4th item
    3) $210 - pp fees - shipping = I lost money and I am a bad businessman.
    4) IRS will not audit your closet
     


  15. SpooPoker

    SpooPoker Internet Bigtimer and Most Popular Man on Campus Dubiously Honored Affiliate Vendor

    Messages:
    37,006
    Likes Received:
    40,720
    Joined:
    Oct 11, 2009
    Location:
    LuxeSwap
    I assume this doesn't apply to gifts and personal payments?

    They are absolutely included. I checked.
     


Share This Page

Styleforum is proudly sponsored by