A clarification. The IRS collects taxes in accordance with the laws passed by Congress. When you have a problem with a tax, talk to your Congressperson.
Paypal drastic changes
When you’re paid for goods and services, the US Internal Revenue Service (IRS) considers this reportable income.
Once you receive $600 in payments for goods and services within a calendar year, tax laws require us to withhold 24% of such payments when you have not confirmed your taxpayer status by either providing your US tax ID or completing a Certificate of Foreign Status. This 24% is sent to the IRS as backup withholding for any potential income tax due on those payments.
You can learn more about this tax law on the IRS website.
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@evanpress The IRS decides where to enforce. they can chase people working full time paying no taxes, drug dealers, mobsters, girls sellling lemonade on street corners, or paypal. Jerry |
@carlsbad2 I was wondering what the girls on the corner were selling |
@grh1958 we may frequent different neighborhoods.
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