IRS desperately needs $$$…
Posted by helen on January 7, 2011
Starting in 2011, all U.S. payment providers including PayPal will be required by the IRS to report sales information about certain merchants to the IRS. We want to help you understand these changes.
- Applies to merchants receiving over $20,000 in gross sales volume AND 200 payments or more
- Applies only for sales beginning on January 1, 2011