Be careful with sales

[Pole Lock]

Every few months, like clockwork, another scam.

The primary similarity among those that get taken is that furschlugginer Friends and Family option.

[Joe45]

[quote author=ChefBoyRG54 link=topic=39115.msg163026#msg163026 date=1470157804]


When using the fee options, it opens up sellers to taxes.  If sending over 20k per year with G&S you get a 1099...
[/quote]

Interesting. . . I wasn't aware of this.

[alwayslit]

Always a scam a brewin' in the wild west, very sorry to hear.

[Hutch]

[quote author=ChefBoyRG54 link=topic=39115.msg163026#msg163026 date=1470157804]

When using the fee options, it opens up sellers to taxes.  If sending over 20k per year with G&S you get a 1099...
[/quote]

I'm guessing you meant [b]receiving[/b].

[ChefBoyRG54]

[quote author=Hutch link=topic=39115.msg163165#msg163165 date=1470317814]
I'm guessing you meant [b]receiving[/b].
[/quote]
Correct, thanks

Also, could be receiving 200 or more payments as well. Either or.

[Hutch]

[quote author=ChefBoyRG54 link=topic=39115.msg163166#msg163166 date=1470318161]
Correct, thanks

Also, could be receiving 200 or more payments as well.  Either or.
[/quote]

Yikes ! At 200 payments I'm surprised the IRS isn't there with their hand out  :o

[ChefBoyRG54]

[quote author=Hutch link=topic=39115.msg163173#msg163173 date=1470321667]
Yikes ! At 200 payments I'm surprised the IRS isn't there with their hand out  :o
[/quote]
Im sure rickhendeson would be... :P

[Maltsandcigars]

Question: would using venmo be a safer method of payment? Since it requires FB or actual, verified contact details, including linking bank accounts. They don't charge any fees either as its meant to transfer money between friends.  I've used it for sales and I actually like it much more than PayPal.  Any thoughts?

[forgop]

[quote author=Hutch link=topic=39115.msg163173#msg163173 date=1470321667]
Yikes ! At 200 payments I'm surprised the IRS isn't there with their hand out  :o
[/quote]
The transfer of funds doesn't necessarily indicate income or a profit.

Sent from my SM-G935V using Tapatalk

[Hutch]

[quote author=forgop link=topic=39115.msg163379#msg163379 date=1470522228]
The transfer of funds doesn't necessarily indicate income or a profit.

Sent from my SM-G935V using Tapatalk


[/quote]

I agree. But the transfer of funds at the casino also doesn't mean profit either. And the IRS duns you there for amounts over a given limit, and then you have to later document losses or expenses to get a refund. Not the same, I know, but nothing the IRS does surprises me.