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Did pay pal have problems with customers 1099k forms in
did pay pal have problems with customers 1099k forms in 2019? … read more
Barbara
Barbara
Enrolled Agent
27,811 satisfied customers
Must we give a w9 to a client who is demanding it? We have
Must we give a w9 to a client who is demanding it?We have explained that they pay via credit card through PayPal and PayPal reports it on the 1099k.We had issue in past where we gave a client w9 and t… read more
Rick
Rick
MBA
20,942 satisfied customers
I have a few questions regarding taxes being done as a
Hello. I have a few questions regarding taxes being done as a single-member LLC and their relation to PayPal and 1099 forms. … read more
Lev
Lev
44,354 satisfied customers
A Paypal and 1099 question: If our company sends mass
A Paypal and 1099 question: If our company sends mass payments through Paypal to pay commissions to affiliates who are promoting our business, do we need to report any payouts larger than $600 or will… read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
6,275 satisfied customers
I have a question about 1099's. We have many affiliates and
Hi! I have a question about 1099's. We have many affiliates and contractors that we pay throughout the year using Paypal. Many of them made over $600. Do we need to issue a 1099 or will Paypal issue o… read more
Barbara
Barbara
Enrolled Agent
27,811 satisfied customers
I have a number of clients that pay via PayPal and also a
I have a number of clients that pay via PayPal and also a credit card.I know from previous years I have been advised not to give a W9 because PayPal reports payments to them.And previous years we gave… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,341 satisfied customers
We pay hundreds of clients each year via PayPal. Are we
We pay hundreds of clients each year via PayPal. Are we needing to send them a 1099 or are PayPal payments excluded?We are an LLC… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I asked this earlier, but I'm just getting a for sure
Hey Pearl, so I asked this earlier, but I'm just getting a for sure clarification as I've received two different answers. … read more
Marcia Mitrano
Marcia Mitrano
MBA
132 satisfied customers
Received 1099-k and 1099 MISC for the same job. So I'm a
Received 1099-k and 1099 MISC for the same job.Hey there!So I'm a freelancer (I do digital advertising) and all of my income is reported via 1099.Many of my clients pay via a third party payment syste… read more
Shan-Nel Simmons
Shan-Nel Simmons
Tax Professional/Owner
Master's Degree
44 satisfied customers
Some months ago, I had a tax payer call me because he had
Some months ago, I had a tax payer call me because he had received a CP 2000 for the year 2014, He became my client. I reviewed his taxes, and sent a letter for him to sign and send to the IRS. The bo… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,866 satisfied customers
In my business we pay all the contractors via Paypal. Do we
In my business we pay all the contractors via Paypal. Do we need to issue them with a 1099? Of course, this is only for contractors we paid over $600… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,511 satisfied customers
I paid a third party labor via a credit card. I was going to
I paid a third party for contract labor via a credit card. I was going to use a 1099-misc to report the deduction, but was just informed that I cannot, b/c the credit card would issue the third party … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,361 satisfied customers
We have an LLC located in NY. Clients pay us through PayPal.
We have an LLC located in NY. Clients pay us through PayPal. PayPal reports all this to IRS. A client is requesting a W9. Do we need to give this? It's PayPal already reporting it? Thanks… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,236 satisfied customers
I have a freelancer interested in working company. I can pay
I have a freelancer interested in working for my company. I can pay her through paypal. Is there any other reporting I have to do? or how do I account for this service?… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I paid over $600 in 2014 to independent contractor via PayPal. When I was completing 1099-
I paid over $600 in 2014 to independent contractor via PayPal. When I was completing 1099-MISC, I was informed not to put amount in box 7 nonemployee compensation if paid via third party such as PayPa… read more
Lev
Lev
44,354 satisfied customers
I have a vendor who gets a 1099, a small software developer.
I have a vendor who gets a 1099, a small software developer. I paid him through paypal for calendar year 2013, then issued him a 1099 in January. He just contacted me and told me to send him a correct… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,667 satisfied customers
I have a friend who is going on 16 im 15 myself ...
I have a friend who is going on 16 im 15 myself however when they were younger last year to be exact they did work for some writing site and they want to legitimately report taxes all together he earn… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
I am preparing a 1099MISC and I need to know if I include ...
I am preparing a 1099MISC and I need to know if I include December Earnings if paid out in January?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
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