I'd like to offer the "correct" info about tax reporting. I am a
professional tax preparer and make my living understanding the correct
nuances of the US tax code. I also have an eBay store, so I have used
PayPal for many years. I prefer it for my own purchases and for those who
buy my product.
And they are listening just got this.
We’ve got you covered with all the details:
Beginning January 1, 2022, the IRS implemented new reporting guidelines for
individuals receiving goods and services payments on PayPal and other platforms
totaling $600 or more per year.
So what exactly does this
There is another, very important reason NOT to accept payments via PayPal
for casual, hobby related transactions.
Effective this year, PayPal (and Venmo) now issues an IRS form 1099-K to
anyone receiving more than $600 in a calendar year. Therefore, you have to
report your proceeds as income,
I ran a business making kits and used PayPal with no issues (probably
over 100 transactions). Even used PayPal credit to purchase a IC-9700,
with no issues. I have an excellent credit rating.
If you want to check someone's transaction quality, E-Bay collects
buyer/seller ratings. Mine is
Sorry, this non-Elecraft thread should die. But….
I bought a reciprocating saw that tracking showed weight as 1oz. Shouldn’t be
much of a struggle, and yet it was.
73
Josh W6XU
Sent from my mobile device
> On May 8, 2022, at 11:07 AM, Julia Tuttle wrote:
>
> Not saying they're making the
Yeah, that's part of the problem of being PayPal. Some buyers are scammers,
some sellers are scammers, there's no way to know what was actually in the
box, and it's impractical for them to have the expertise to judge the
authenticity, quality, and condition of every kind of niche item sold
through
While I do some internet transactions, I'm very careful to research the
company or person I'm doing business with in advance. Both ways, when
buying and when selling.
Regarding internet sales, I figure there are just as many SCAMS as there
are about that number of SELLERS. That does not
I saved the tale you related in case I ever need to do this. Thank you.
72,
Rich Hurd / WC3T / DMR: 3142737
Grid: FN20is
Bureaucracy is always in search of self-preservation. — AA7BQ
> On May 7, 2022, at 23:24, David Deelstra wrote:
>
> After a rabbit hole trip through PayPal's endless
gt; >> because they could easily see a pattern of activity
> >> Their own inaction under these circumstances almost makes them
> >> complicit in the fraud itself.
> >> -Original Message-
> >> From: elecraft-boun...@mailman.qth.net
> >> On Be
Hello all,
My two and a half cents worth on transactions. When possible, always use
credit cards, but never debit cards. If it is not possible to pay by credit
card - ask yourself this question. "Do I really need this product and is
this vendor the only one selling it"? Your answer should
t makes them
>> complicit in the fraud itself.
>> -Original Message-
>> From: elecraft-boun...@mailman.qth.net
>> On Behalf Of Frank Krozel
>> Sent: Sunday, May 8, 2022 4:55 AM
>> To: David Deelstra
>> Cc: elecraft@mailman.qth.net
>> Subject: Re
, 2022 4:55 AM
To: David Deelstra
Cc: elecraft@mailman.qth.net
Subject: Re: [Elecraft] PayPal holding payment. (Follow up)
And don't be surprised when you get a 1099 from PayPal!
-73- FrankKG9H
kg9hfr...@gmail.com
On May 7, 2022, at 10:23 PM, David Deelstra
wrote:
After a rabbit hole trip
-
From:elecraft-boun...@mailman.qth.netOn
Behalf Of Frank Krozel
Sent: Sunday, May 8, 2022 4:55 AM
To: David Deelstra
Cc:elecraft@mailman.qth.net
Subject: Re: [Elecraft] PayPal holding payment. (Follow up)
And don't be surprised when you get a 1099 from PayPal!
-73- FrankKG9H
kg9hfr...@gmail.com
makes them complicit in the
fraud itself.
-Original Message-
From: elecraft-boun...@mailman.qth.net On
Behalf Of Frank Krozel
Sent: Sunday, May 8, 2022 4:55 AM
To: David Deelstra
Cc: elecraft@mailman.qth.net
Subject: Re: [Elecraft] PayPal holding payment. (Follow up)
And don't
And don't be surprised when you get a 1099 from PayPal!
-73- FrankKG9H
kg9hfr...@gmail.com
> On May 7, 2022, at 10:23 PM, David Deelstra wrote:
>
> After a rabbit hole trip through PayPal's endless loop "customer service"
> pages, I stumbled on a page that asked what help I needed. I
After a rabbit hole trip through PayPal's endless loop "customer
service" pages, I stumbled on a page that asked what help I needed. I
kept entering "Notice of Delivery". When it ran out of questions and
options, finally I was presented with a page with a 6 digit number on a
black background,
> Even eBay is moving away from PayPal.
As soon as they split from PayPal ebay now holds onto your funds for a
while. Previously you could sell an item, have funds go right to PayPal,
and instantly move the money our of PayPal. Not so anymore.
It got worse, not better.
Andrew NV1B
On Sat, May
* On 2022 07 May 13:05 -0500, Walter Underwood wrote:
> I got scammed on PayPal, sent something that wasn’t even close to what
> I paid for. The seller in China offered to refund half of the cost. I
> refused. PayPal ignored my further complaints and I got zero refund.
> It was only $30, but
I got scammed on PayPal, sent something that wasn’t even close to what I paid
for. The seller in China offered to refund half of the cost. I refused. PayPal
ignored my further complaints and I got zero refund. It was only $30, but
PayPal clearly had zero interest in consumer protection.
wunder
Even eBay is moving away from PayPal.
Dave wo2x
Sent from my waxed string and tin cans.
> On May 7, 2022, at 1:43 PM, David Deelstra wrote:
>
> Warning: Before you use PayPal to sell a rig, consider using something else.
>
> I just sold a rig through PayPal, with UPS tracking number, but
Warning: Before you use PayPal to sell a rig, consider using something else.
I just sold a rig through PayPal, with UPS tracking number, but after
payment was received into my account, PayPal placed a 21 DAY HOLD on the
funds.
"We've placed the money on hold because this transaction is
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