Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home Register FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Search Today's Posts Mark Forums Read Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » The Scuppers

The Scuppers This is a new forum for the not necessarily fishing related topics...

Reply
 
Thread Tools Rate Thread Display Modes
Old 02-03-2018, 08:41 PM   #1
nightfighter
Seldom Seen
iTrader: (0)
 
nightfighter's Avatar
 
Join Date: May 2001
Posts: 8,510
How do you like Paypal now?

I have been chit on in the past for not using nor having Paypal. Well today I heard that Mass residents with >$599 in paypal revenues received a 1099-k in the mail, to be filed with their state taxes. This will be fun to follow.....

“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
nightfighter is online now   Reply With Quote
Old 02-03-2018, 09:44 PM   #2
Sea Dangles
Registered User
iTrader: (0)
 
Sea Dangles's Avatar
 
Join Date: Dec 2002
Posts: 5,355
I don't use it
Posted from my iPhone/Mobile device
Sea Dangles is offline   Reply With Quote
Old 02-04-2018, 07:21 AM   #3
Guppy
User
iTrader: (0)
 
Guppy's Avatar
 
Join Date: Jun 2012
Location: Cape Cod
Posts: 3,428
Fast and convenient ....
Don't use it all the time but i like the idea of not typing in the card number at sites.....
Simplifies classified sell/buy

Get with it u guys...
Guppy is offline   Reply With Quote
Old 02-04-2018, 08:07 AM   #4
afterhours
Afterhours Custom Plugs
iTrader: (0)
 
afterhours's Avatar
 
Join Date: Mar 2004
Location: R.I.
Posts: 8,059
I've been using it in my shopping cart for years and always get 1099'd by them, but to have them report individuals with transactions over >599 is going to create a chitstorm of epic proportions for a lot of people.

www.afterhoursplugs.com

http://www.facebook.com/pages/Afterh...428173?created

Official S-B.com Sponsor

GAMEFISH NOW

"A GAMEFISH (WHICH STRIPED BASS SHOULD BE) IS TOO VALUABLE TO BE CAUGHT ONLY ONCE"...LEE WULFF
afterhours is offline   Reply With Quote
Old 02-04-2018, 08:26 AM   #5
Nebe
Registered User
iTrader: (0)
 
Nebe's Avatar
 
Join Date: Sep 2003
Location: newpawht
Posts: 20,244
I use it. No issues here.
Posted from my iPhone/Mobile device
Nebe is offline   Reply With Quote
Old 02-04-2018, 08:29 AM   #6
JohnR
Certifiable Intertidal Anguiologist
iTrader: (1)
 
JohnR's Avatar
 
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 32,680
Blog Entries: 1
So if you use PP to conduct a business transaction, you are provided with a tax form, same as other payment processing, no??

Doensn't cost ya anything unless you were trying to sneak under the radar ; )

Last edited by JohnR; 02-04-2018 at 09:01 AM..

~Fix the Bait~ ~Pogies Forever~

Striped Bass Fishing - All Stripers


Kobayashi Maru Election - there is no way to win.


Apocalypse is Coming:
JohnR is offline   Reply With Quote
Old 02-06-2018, 12:56 PM   #7
DZ
Registered User
iTrader: (0)
 
DZ's Avatar
 
Join Date: Dec 2000
Posts: 2,440
States want their share. So many convenient ways to purchase used to fall under the radar - no longer. In RI I have to report all personal sales each quarter of my book and pay the sales tax. I might sell a half dozen personal sales per year - maybe $100 - still have to pay 7 % on each sale. Also have to declare it as income on my annual return.
I run an AIRBNB and my guests are charged 13 % for state and local sales taxes. I'm sure Uber adds sales tax.

Years ago there was a reason BM plugs were all sold to retailers without receipts and invoices - but you're taking a chance in today's environment with all the tracking technology.

DZ
Recreational Surfcaster
"Limit Your Kill - Don't Kill Your Limit"

Bi + Ne = SB 2

If you haven't heard of the Snowstorm Blitz of 1987 - you someday will.
DZ is offline   Reply With Quote
Old 02-13-2018, 11:22 AM   #8
bassballer
Registered User
iTrader: (0)
 
bassballer's Avatar
 
Join Date: Jul 2007
Location: Newport, RI
Posts: 2,346
Blog Entries: 1
venmo
bassballer is offline   Reply With Quote
Old 02-13-2018, 12:08 PM   #9
BigBo
Registered User
iTrader: (1)
 
BigBo's Avatar
 
Join Date: Aug 2002
Location: RockVegas
Posts: 3,225
Quote:
Originally Posted by bassballer View Post
venmo
Venmo is owned by PayPal

The future ain't what it used to be. --Yogi Berra
BigBo is offline   Reply With Quote
Old 02-14-2018, 07:54 AM   #10
afterhours
Afterhours Custom Plugs
iTrader: (0)
 
afterhours's Avatar
 
Join Date: Mar 2004
Location: R.I.
Posts: 8,059
Quote:
Originally Posted by JohnR View Post
So if you use PP to conduct a business transaction, you are provided with a tax form, same as other payment processing, no??

Doensn't cost ya anything unless you were trying to sneak under the radar ; )

Up till now PP 1099'd only if you had more than 200 transactions and did over 20k in sales. These states are greedy mofo's. If Joe Blow sells is golf clubs for 600 he'll get 1099 and have to prove loss or gain? Or sells some used fishing gear? Insane....

www.afterhoursplugs.com

http://www.facebook.com/pages/Afterh...428173?created

Official S-B.com Sponsor

GAMEFISH NOW

"A GAMEFISH (WHICH STRIPED BASS SHOULD BE) IS TOO VALUABLE TO BE CAUGHT ONLY ONCE"...LEE WULFF
afterhours is offline   Reply With Quote
Old 02-14-2018, 09:23 AM   #11
Mike P
Jiggin' Leper Lawyer
iTrader: (0)
 
Mike P's Avatar
 
Join Date: Oct 2000
Location: 61° 30′ 0″ N, 23° 46′ 0″ E
Posts: 7,894
Why should I have to pay tax on a net loss? Most things that I sold on eBay sold for less than I paid for them.

Anyway, after I file for 2017, it's all academic anyway. Mass can kiss my Finland-living ass. Did you know that Finland doesn't tax US Social Security---but unfortunately, I'll have to pay the IRS.

Wise men speak because they have something to say; Fools, because they have to say something.
Mike P is offline   Reply With Quote
Old 02-14-2018, 07:52 PM   #12
Liv2Fish
Registered User
iTrader: (0)
 
Liv2Fish's Avatar
 
Join Date: May 2008
Location: Chasing fat girls in the dark
Posts: 941
I like the 6 months interest free part. Can push fishing costs into the frozen months.
Posted from my iPhone/Mobile device
Liv2Fish is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:32 PM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com