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<p>[QUOTE=&quot;doug444, post: 1507261, member: 38849&quot;]Here is some free advice, <u>from the PayPal website</u>:</p><p><br /></p><p>Starting in 2011, Internal Revenue Code (IRC) Section 6050W states that&nbsp; all US payment processors, including PayPal, are required by the&nbsp; Internal Revenue Service (IRS) to provide information to the IRS about&nbsp; certain customers who receive payments for the sale of goods or services&nbsp; through PayPal. </p><p><br /></p><p><b>These new rules apply to sellers who receive over&nbsp; $20,000 in gross payment volume AND over 200 separate payments in a&nbsp; calendar year</b>. In order to help you understand these changes, we have&nbsp; prepared the following FAQs. [more][/QUOTE]</p><p><br /></p>

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