PayPal

[countrygirl12]

1099 usually for an independent contractor someone who isn't apart of the company there working for normally whose not apart of full time staff. You can try a local tax place for help or look for the forms on the irs website

You are not understanding.  A local tax place would want to put in every penny you get from any where.  I also don't need any forms.  I know how to do my taxes.

My question which nobody seems to know the answer to is why would a company (we will say like this one) not send a 1099 themselves and say PayPal will send it because PayPal is who is sending the money.  That does not make sense.  I think I am going to do it and see what happens.  PayPal says they do not send a 1099 unless you make over $20,000 and that is for selling stuff.

[countrygirl12]

I figured that the companies you work for would send them, not PayPal, but perhaps there are certain situations where they would. Good to know.

Well see that is what I always thought.  I went over $600 last year on one site.  And somebody tried to tell me PayPal would send me a 1099 and I said no they won't.  I contacted PayPal and they said they would not send it but the company the money came from.  They said they have tax forms on their site if people need them.  Which I don't need their tax info. lol  I just don't want to get is a mess a few years from now because some company is not doing things correctly.  Kind of like when Amazon was suppose to be charging tax and wasn't and then at the end of the year they sent an email to me and everyone else saying you spent this much money on the site this year and you need to turn it in to your state and pay the tax to them.  Uh no.  lol   They should have charged tax at the time if it was suppose to be collected.

[countrygirl12]

PayPal only sends them out at $20,000 or 200 transactions. Anything less you'll have to request it or get it off their website.

I've used a lot of sites that also don't require a 1099 when you use PayPal as a payment option. I wouldn't be too worried/leery.

But the 200 transactions if for sales?  Correct?  Not deposits.  Most sites esp sites like this do not send a 1099 unless you make over $600 because they are not required to send it.  I think I am going to take a chance.

Pay Pal doesn't have my social so they can't send me a 1099 anyway. haha

[countrygirl12]

PayPal only sends them out at $20,000 or 200 transactions. Anything less you'll have to request it or get it off their website.

I've used a lot of sites that also don't require a 1099 when you use PayPal as a payment option. I wouldn't be too worried/leery.

This is not correct. It is very confusing the way they have it worded.  They send it out if any ONE transaction is $20,000 or more or after 200 transactions.  But they are still not really clear.  I think the 200 transactions are for "goods and services" so if a payment in to paypal is sent as "friends and family" then that transaction would not count toward that 200.

So my question now is how does FC send the transaction?  Is that transaction sent as "goods and services" or "friends and family" because it IS one of the two.

Using PayPal has nothing to do with it.  If any company (and Fusion Cash) is a company that pays people for (work) pays any person (contract labor - which is what we would be) $600 or more they are required to send you a 1099.  If it is less than $600 they do not even have to send one.

For example if I work for a company for 2-3 hours and they write me a check and count it as contract labor they are not going to put me on the pay roll and they are not going to bother sending me a 1099 for $60.

You are missing what I said.  The company pays every week.  You can make a full time wage.  You can work as much or as little as you want. BUT they say they do not send a 1099.  They said PayPal sends them.  No PayPal doesn't because I would not be working for PayPal.  Nobody seems to know the answer even the idiots working for PayPal in customer service.  It is not a hard question.  You are also, if you work as a contract labor, required to make quarterly deposits to the IRS.  You can't just wait and pay it all at the end of the year.  If you do then you can be fined for doing so.

[vp44]

No never have I gotten one. Do not really sell. Mainly buy things using Paypal.

[countrygirl12]

No never have I gotten one. Do not really sell. Mainly buy things using Paypal.

So I am thinking the only time PP sends that is if you are a seller.

[BEENICE]

PayPal sucks! PayPal needs to stop trying to see if the person receiving the money being sent can handle it. Those kind of determinations are nothing they can make. It is not just an opinion by a person or two. They are stupid!

They are pretty much well recognized and established but just a bunch of young idiots, maybe yuppies, people, being totally stupid!

[mrsmere]

I have never gotten one from PayPal.  This is news to me.

[sfreeman8]

1099 usually for an independent contractor someone who isn't apart of the company there working for normally whose not apart of full time staff. You can try a local tax place for help or look for the forms on the irs website

You are not understanding.  A local tax place would want to put in every penny you get from any where.  I also don't need any forms.  I know how to do my taxes.

My question which nobody seems to know the answer to is why would a company (we will say like this one) not send a 1099 themselves and say PayPal will send it because PayPal is who is sending the money.  That does not make sense.  I think I am going to do it and see what happens.  PayPal says they do not send a 1099 unless you make over $20,000 and that is for selling stuff.

All you really have to do is go to PP and download your history for the year. Then you can fill out the 1099 yourself. You would have the proof if the IRS would come back at you, which I doubt they would.  I used to be self-employed and also hired someone to do the filing and accounting for me. Every year I would sign the 1099 that SHE made from the billing history and in my accounting program payment history (Boy, she made good money!).

I had a complicated client service business so I needed to go to a tax man. For part of my business, I would receive a 1099 because I was considered an employee, but the other part there was no 1099 because I was the self-employed owner so I would just take my financial statements from the accounting program along with 1099s to the tax man and he took it from there. I never had a problem with the IRS.

[countrygirl12]

1099 usually for an independent contractor someone who isn't apart of the company there working for normally whose not apart of full time staff. You can try a local tax place for help or look for the forms on the irs website

You are not understanding.  A local tax place would want to put in every penny you get from any where.  I also don't need any forms.  I know how to do my taxes.

My question which nobody seems to know the answer to is why would a company (we will say like this one) not send a 1099 themselves and say PayPal will send it because PayPal is who is sending the money.  That does not make sense.  I think I am going to do it and see what happens.  PayPal says they do not send a 1099 unless you make over $20,000 and that is for selling stuff.

All you really have to do is go to PP and download your history for the year. Then you can fill out the 1099 yourself. You would have the proof if the IRS would come back at you, which I doubt they would.  I used to be self-employed and also hired someone to do the filing and accounting for me. Every year I would sign the 1099 that SHE made from the billing history and in my accounting program payment history (Boy, she made good money!).

I had a complicated client service business so I needed to go to a tax man. For part of my business, I would receive a 1099 because I was considered an employee, but the other part there was no 1099 because I was the self-employed owner so I would just take my financial statements from the accounting program along with 1099s to the tax man and he took it from there. I never had a problem with the IRS.

1099 usually for an independent contractor someone who isn't apart of the company there working for normally whose not apart of full time staff. You can try a local tax place for help or look for the forms on the irs website

You are not understanding.  A local tax place would want to put in every penny you get from any where.  I also don't need any forms.  I know how to do my taxes.

My question which nobody seems to know the answer to is why would a company (we will say like this one) not send a 1099 themselves and say PayPal will send it because PayPal is who is sending the money.  That does not make sense.  I think I am going to do it and see what happens.  PayPal says they do not send a 1099 unless you make over $20,000 and that is for selling stuff.

All you really have to do is go to PP and download your history for the year. Then you can fill out the 1099 yourself. You would have the proof if the IRS would come back at you, which I doubt they would.  I used to be self-employed and also hired someone to do the filing and accounting for me. Every year I would sign the 1099 that SHE made from the billing history and in my accounting program payment history (Boy, she made good money!).

I had a complicated client service business so I needed to go to a tax man. For part of my business, I would receive a 1099 because I was considered an employee, but the other part there was no 1099 because I was the self-employed owner so I would just take my financial statements from the accounting program along with 1099s to the tax man and he took it from there. I never had a problem with the IRS.

I don't need a 1099.  I have decided against signing up with this company anyway.  Too many things they are saying do not make sense.

[mrisha]

I have never received a 1099 form from PayPal.  But then I never had enough money in the processor to receive a 1099 form.

[nannycoe1]

Never made enough to get one