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PayPal "Alert"

Hi Fellow Strikers
I read an interesting thing in today's business section of the paper. It says starting next year credit card companies and groups INCLUDING paypal will be required to report merchant sales to the IRS. Has anybody heard more details about this? It's not a big deal for those selling as a business who already are probably keeping all their receipts, but for the casual seller, now may be a good time to check into what you will be required to report.

Copyright 2022 David Spragg