Official Expresso Beans Art News.
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29monkeys
- Art Enthusiast
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Tue Jun 12, 2012 3:03 am
Walter Chalmers: Frank, we must all compromise.
Bullitt: Bullshit.
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relentlesskevin
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Tue Jun 12, 2012 8:11 am
Paypal will be automatically submitting statements to the IRS, so it is your responsibility to declare the income at the end of the year. I also heard that they will be submitting statements over $5k or more... not sure if you need to declare anything under $20k... yet...
But i wonder how much Paypal submits as revenue for the millions they make in interest off of everyone's cash that in their account and the money they have on hold for transactions.
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acidburn
- Art Expert
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Wed Jun 13, 2012 10:13 am
yea i got hit with the paypal tax return last year. Included my website sales and ebay sales...pretty nuts to see it for the first time since using Paypal in 2000.
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Wawaad
- Art Expert
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Thu Jun 14, 2012 2:01 pm
acidburn wrote:
yea i got hit with the paypal tax return last year. Included my website sales and ebay sales...pretty nuts to see it for the first time since using Paypal in 2000.
I have a question about this if any one can help,
if I switch payments to my partners's paypal account before I hit the 20,000 mark. will i still get taxed? or will I have to creat a new ebay account for him altogether to avoid the tax?
as in, is ebay the one reporting on its sales or more of paypal is the one reporting?
Have No Fear!!!!!!!!!!!!!!The Nation is Here!!!!!!!!!!!!!!
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Yamar
- EB Team Emeritus
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Thu Jun 14, 2012 2:09 pm
eBay and paypal are the same company (or more accurately, Paypal is owned by eBay). Some segments of their businesses are separate, but on this I think they're working together.
I think the "issue" for you might be that if you're married, the two will be combined on your tax return(s). If you're really considering this, I'd search out an accountant who might know the "real" answer for you...
Tra la la la la...
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cberk533
- Art Connoisseur
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Sat Jun 16, 2012 10:37 pm
That is amazing! Shows just how cool EB is thanks to everyone that works on EB for providing an incredible forum to chat, trade and sell.
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MEARONE227
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seeker1115
- Art Expert
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Fri Feb 01, 2013 4:29 pm
Guys, this news is from 2009. It's over three years old.
Dear anybody, please do a badass print of Rian Johnson's Brick. If necessary, I'll buy them all.

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dougr
- Site Admin
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Sat Feb 02, 2013 1:53 am
lsmith55 wrote:Then we need an updated total!

2013 should bring some more milestones

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Downlow2step
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WalterSobchak
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Thu Feb 07, 2013 2:30 pm
jamesgunter wrote:one time i accidentally reported (by mistake) more in gambling losses than total income for the year, ...no one noticed
Every morning I awake as someone else.