@myst4au wrote:
Interesting. i didn't earn enough with them in 2018 to be "eligible" for a 1099. Other people report not receiving one, so at best they are inconsistent.
@JASFLALMT wrote:
Maybe so, but they sent me a 1099.
Nope, nope, nope.
I am going to get at least 20 x 1099's by companies that pay by PayPal.
Only CSE has the different interpretation of whether or not they need to issue a 1099 for their shoppers who earn over $600 in fees.
So, two options.
CSE is correct. Every other MSC in the business that pays by PayPal is incorrect.
CSE is clueless. Every other MSC in the business that pays by PayPal is correct.
I'm going with the odds on this one. My CPA (not H & R Block, but a real CPA) just declared the income for me. I had to go through pages and pages of PayPal payments and then cross-reference them with the shop log. Now that I am back to work, I don't do so much for them anymore.
PayPal will send you the 1099 if you sell enough on eBay. It happened to me a few years ago. I also got audited that year. (I had been using a different CPA who was certified looney-tunes - but it was a good 20 year run with no audits and super low fees.) My fancy (sadly expensive) CPA took care of everything for the audit.
ETA: IPSOS messed up the 1099's by adding the reimbursements one year (last year or two years ago). They had to reissue them all. They probably won't make that mistake again.
I always earn more than $600 with IPSOS, so I got mine already. Even if I made less than $600, I would have to go to the "pay stubs" and declare the fees (because prison is yucky, and I have certifications and licenses that I'd like to keep in real life).
Edited 1 time(s). Last edit at 03/03/2019 06:39PM by SoCalMama.