![]() |
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
![]() |
914Sixer |
![]()
Post
#1
|
914 Guru ![]() ![]() ![]() ![]() ![]() Group: Members Posts: 8,912 Joined: 17-January 05 From: San Angelo Texas Member No.: 3,457 Region Association: Southwest Region ![]() ![]() |
I got this notice from Paypal. IF your sales exceed $2K a month they CAN HOLD your money for up to 21 DAYS (3 weeks) for the amount OVER $2K. (IMG:style_emoticons/default/WTF.gif) I applied to up my amount to $5K. Said they would get back to me. IS this the IRS going after you and me? Back to checks and money orders
Attached image(s) ![]() |
![]() ![]() |
Billy Bumpsteer |
![]()
Post
#2
|
Newbie ![]() Group: Members Posts: 14 Joined: 2-July 20 From: UK Member No.: 24,443 Region Association: England ![]() |
Paypal = Great to send (apart from the outrageous exchange rates they use), shyte to receive
|
GregAmy |
![]()
Post
#3
|
Advanced Member ![]() ![]() ![]() ![]() Group: Members Posts: 2,311 Joined: 22-February 13 From: Middletown CT Member No.: 15,565 Region Association: North East States ![]() ![]() |
I like Zelle for many reasons. It’s not the right platform if you are not sure about the person you are sending money to but if you are confident on that, it’s the way to go. Concur. It does not offer the seller protections that PayPal does. However, it's also not subjected to the 1099K requirement (which will eventually happen, as required by law; VITA tax prep guy here, not looking forward to that). The IRS can get access to your bank records records whenever it wants to... Paypal = Great to send (apart from the outrageous exchange rates they use), shyte to receive As a consumer, I tend to disagree. PayPal is very much supportive of the sellers when there's a dispute; I've been shafted by a few scam sellers (not here) that used that to their advantage. For that reason I generally will not use PayPal for purchase transactions unless I know the individual/company; I get a lot more seller protection using credit cards directly. And the PayPal/eBay connection has destroyed eBay's attraction as an individual non-commerical seller (of anything, not just car parts). Given the fees between the two, plus increasing shipping costs, I'm at the point where I'm just throwing away/scrapping things instead of trying to sell them, the juice and worth the squeeze. |
smg914 |
![]()
Post
#4
|
Sahara Beige Steve ![]() ![]() ![]() Group: Members Posts: 1,962 Joined: 22-February 04 From: Tampa, FL Member No.: 1,695 Region Association: None ![]() ![]() |
I like Zelle for many reasons. It’s not the right platform if you are not sure about the person you are sending money to but if you are confident on that, it’s the way to go. Concur. It does not offer the seller protections that PayPal does. However, it's also not subjected to the 1099K requirement (which will eventually happen, as required by law; VITA tax prep guy here, not looking forward to that). The IRS can get access to your bank records records whenever it wants to... ----------------------------------------------- From what I understand, the pay app requirement to send out 1099K's was delayed for calendar year 2022 but is in affect for 2023. So if you have or had $600 or more in your pay app account (PayPal and Venmo etc) in 2023, expect to receive a 1099K in the next few months. Steve |
mate914 |
![]()
Post
#5
|
Matt ![]() ![]() ![]() Group: Members Posts: 760 Joined: 27-February 09 From: Eagles mere, PA Member No.: 10,102 Region Association: North East States ![]() ![]() |
I like Zelle for many reasons. It’s not the right platform if you are not sure about the person you are sending money to but if you are confident on that, it’s the way to go. Concur. It does not offer the seller protections that PayPal does. However, it's also not subjected to the 1099K requirement (which will eventually happen, as required by law; VITA tax prep guy here, not looking forward to that). The IRS can get access to your bank records records whenever it wants to... ----------------------------------------------- From what I understand, the pay app requirement to send out 1099K's was delayed for calendar year 2022 but is in affect for 2023. So if you have or had $600 or more in your pay app account (PayPal and Venmo etc) in 2023, expect to receive a 1099K in the next few months. Steve The IRS can look at anyone’s bank account, why do they always go after one group of people? I could name a few names the IRS could look at bank accounts right now. They won’t, they won’t look at wealthy peoples bank accounts. They’re going after poor people who make a few thousand dollar purchase over the course of a year. They’re squeezing every last drop of blood from poor people. Let’s not talk about the giant tumor on our brain that is causing this to happen. Let’s all be politically correct and pretend maybe it’ll change sometime. Matt (IMG:style_emoticons/default/flag.gif) |
![]() ![]() |
![]() |
Lo-Fi Version | Time is now: 16th June 2024 - 11:05 PM |
All rights reserved 914World.com © since 2002 |
914World.com is the fastest growing online 914 community! We have it all, classifieds, events, forums, vendors, parts, autocross, racing, technical articles, events calendar, newsletter, restoration, gallery, archives, history and more for your Porsche 914 ... |