Thread: Render unto Caesar what is Caesar's .... Paypal will begin reporting sales income

Heard a rumor on this and just confirmed with Paypal that beginning in January 2011 they will report all transactions for those whose sales gross profit is over $20k or who have 200 individual transactions. This will be any payment through paypal regardless of ebay or wherever. Not an issue for me but just a heads up if it might be for you and you hadn't heard. Stay on top of your bookkeeping. The paypal rep I spoke with on the phone said the numbers are what they have available now based on the information given. Subject to change.