Tag Paypal

Money & Budgets

Using PayPal For Payments In A Homeschool Co-op

Sandy, The ideal way to operate is to set up a PayPal account for the Association/Homeschool Group and not run anything through your personal PayPal account. I understand from other homeschool leaders, that PayPal expects to see proof from the…

Carol Topp
02/05/2025

Money & Budgets

Homeschool Groups: Prepare for new 1099-K reports if you use Paypal, Stripe, Venmo, etc.

***UPDATE December 23, 2022****The IRS has delayed implementation of the reduced threshold of $600 for third party payment processors to send Form 1099-Ks to payees. “The IRS and Treasury heard a number of concerns regarding the timeline of implementation of…