Tag Paypal

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…

A homeschool group is using free Paypal. Is that legit?

Some homeschool groups try to avoid Paypal fees, but is it right?

Paypal sent homeschool leader a 1099-K. Is it taxable income to her?

A homeschool leader has a tax mess when Payal thinks she made $40,000!

Using Paypal in a homeschool group

A discussion on using PayPal to collect fees in a homeschool group.

Group using personal Paypal account

Hi Carol, Our (homeschool group’s) yearbook is looking take in the money thru my personal Paypal account, then deposit it into an separate bank account so that our group does cross over the $5,000.00 mark. How is this done so…