do i have to pay tax on paypal money?
233846
Any income you receive through PayPal, whether or not it's reported on form 1099, must be included on your tax return.
939615
As a rule, you won't have to pay tax on gifts you receive as long as: The gift-giver didn't bestow more than £3,000 in total in a given tax year. You've received the gift from your parents or grandparents for your wedding (within limits) or the gift is worth less than £250.
1095426
PayPal asks for SSN because it needs the data for sales or credit information. ... The IRS requires that PayPal send sellers who record 200 transactions AND sell $20,000 or more in services or products an IRS form 1099. Your income should be reported at this level. This is the reason for PayPal requiring SSN.
1236481
Sales tax isn't included. If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, we charge you a final value fee based on the total amount of the sale even if your item doesn't sell.
408287
All you need is a PayPal account with a confirmed email address. Your email address is the only thing somebody needs to send you money. As soon as the payment has been credited to your PayPal account, we will notify you by email.
300451
"Yes, we keep all your information safe," the company states on its web site. "When you send a payment using PayPal, the recipient won't receive sensitive financial information like your credit card or bank account number. This way, you don't have to worry about paying people you don't know."
676837
Not every eBay sale is subject to income tax, but most are. ... Assuming that you originally bought the used items for more money than you are selling them for, you don't have to report the income received from the eBay sale.
1067308
PayPal fees Businesses are able to deduct credit card convenience fees because they're a necessary cost of doing business. You can write off PayPal's fees if you accept payment through that website, no matter how much or how little business you've transacted over the site in the course of the year.
469155
Compensation lawyers are commonly asked “do I have to pay tax on my compensation payout?”. The short answer is no. ... This means you do not have to pay tax on any lump sum compensation payout you receive. There is also no Capital Gains Tax payable on a compensation payout.
468730
Re: GST/HST/PST and INCOME TAX for eBay Sellers For example, if the transaction is taxable and the buyer resides in Ontario, the seller must remit 13% of the total value of the transaction, including shipping.
1211631
You wouldn't pay VAT or sales tax, but you may need to pay a "use tax". From Wikipedia: A use tax is a type of tax levied in the United States by numerous state governments. ... Individuals rarely comply with this requirement to pay use tax, but it may be more important for a business to do so.
1083416
However, if you are using PayPal to collect payments, invoice customers, or process transactions in any way, then PayPal will require a Tax ID number (SSN or EIN) on the account for tax reporting purposes. ... This is essentially a social security number for the business. An EIN is free to get online.
184683
We accept both PayPal and all major credit cards (Visa, MasterCard, Discovery, and American Express) for sales tax payments. If your PayPal account with LKQ Online shows a balance, we will contact you using information provided at checkout to arrange for payment.
449130
You don't have to pay income tax on gifts (though you may have to pay income tax on any interest your gift earns). The bad news is that you may have to pay inheritance tax when the person who made the gift passes away. This isn't a given.
1310901
“If you're a resident of Australia, you're required to pay tax on any income earned overseas. ... “Taxes aren't applied if the money transferred from an international source is classified as a gift and will be a one-time occurrence.
441034
So there you have it, there is no tax on genuine cash gifts made in Australia. ... This is often confused with a tax limit but as the ATO has said above giving away money is not taxable.
172282
Both Google and PayPal require you to set up an account to receive money. You can send it to someone without an account, but they can't do anything with their cash until they sign up. Flat fee for sending money (and none for receiving).