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<p>[QUOTE=&quot;JustHad2, post: 2167672, member: 74491&quot;]Actually it has to fit two requirements of which you only mentioned one.</p><p><br /></p><p><br /></p><p>&quot;Starting in 2011, PayPal is required by the IRS to report the sales of goods and services for customers who, in a single year receive:</p><p><br /></p><ul> <li>More than $20,000, <b>AND</b></li> <li>200 or more payments.</li> </ul><p>The new IRS 6050W changes apply to all payment providers, including PayPal. This includes payments received after January 1, 2011, with the first reports sent to the IRS in early 2012.</p><p><br /></p><p>You can find more information and FAQs about the new IRS 6050W requirements on the <a href="http://www.paypal.com/irs" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.paypal.com/irs" rel="nofollow">PayPal IRS 6050W website</a>.&quot;[/QUOTE]</p><p><br /></p>

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