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Cars and Cappuccino
Join Date: Nov 2011
Location: NorCar (North Carolina)
Posts: 5,243
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PayPal is now a collection agent for Uncle Sam starting this year. If you get more than $600 in payments that aren't "friends and family" you're getting a 1099 and required to pay taxes on it. Hence the request for ID verification. Going to be some unpleasant surprises for some "small timers" come tax time next year.
Started a thread a week or so ago on this. It got moved to PARF.
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http://www.carsandcappuccino.com
1987 Grand Prix White "Outlaw" Turbo Coupe w/go-fast bits
1985 Prussian Blau M491 Targa
1977 Mexico Blue back-dated,flared,3.2,sunroof-delete Coupe
1972 Black 911 T Coupe to first factory Turbo (R5 chassis) tribute car (someday)
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