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<p>[QUOTE=&quot;jloring, post: 1112423, member: 15518&quot;]Of course, it&#039;s PayPal, not eBay that will do any reporting:</p><p>&nbsp;</p><p>Under the legislation, PayPal will be required to report to the IRS the total payment volume received by PayPal customers in the U.S. who:</p><ol> <li>receive more than $20,000 in payment volume in a single year; and</li> <li>receive more than 200 payments in a single year.</li> </ol><p>This legislation applies to all payment providers including PayPal and takes effect in 2011, so the first reports will go to the IRS in January 2012.&nbsp; Our goal when the legislation takes effect is to make it easy for PayPal merchants who fall under the provision to report their taxable incomes.</p><p>&nbsp;</p><p>Read it all here:</p><p>&nbsp;</p><p><a href="https://www.thepaypalblog.com/2008/08/proposed-irs-reporting-requirements-become-law/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.thepaypalblog.com/2008/08/proposed-irs-reporting-requirements-become-law/" rel="nofollow">https://www.thepaypalblog.com/2008/08/proposed-irs-reporting-requirements-become-law/</a>[/QUOTE]</p><p><br /></p>

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