[meteorite-list] For those of you that use PAYPAL I got this email today.
From: Stuart McDaniel <actionshooting_at_meteoritecentral.com>
Date: Mon, 30 Jan 2012 19:12:02 -0500 Message-ID: <61E3EF3D468D49F786967DB33709CFD4_at_StuartMcDaniel> It came from my accountant. Stuart McDaniel Lawndale, NC Secr., Cleve. Co. Astronomical Society IMCA #9052 http://spacerocks.weebly.com -----Original Message----- From: Michael Mulgrew Sent: Monday, January 30, 2012 6:48 PM To: Meteorite List Subject: Re: [meteorite-list] For those of you that use PAYPAL I got this email today. Stuart, You've made the classic mistake assuming that laws apply equally to everyone. Michael. On Mon, Jan 30, 2012 at 3:42 PM, Stuart McDaniel <actionshooting at carolina.rr.com> wrote: > > I thought there was a new law passed that ANYONE paying anyone more than > $600.00 during the year had to send the recipient a 1099. > > > > Stuart McDaniel > Lawndale, NC > Secr., > Cleve. Co. Astronomical Society > IMCA #9052 > > http://spacerocks.weebly.com > -----Original Message----- From: Galactic Stone & Ironworks > Sent: Monday, January 30, 2012 6:15 PM > To: Don Giovanni > Cc: Meteorite Central ; Shawn Alan > Subject: Re: [meteorite-list] For those of you that use PAYPAL I got this > email today. > > > Render unto Caesar what is his. > > I wonder if General Electric, FedEx, Verizon, or Bank Of America will > get one of these forms? Oh wait, nevermind, those companies pay zero > income tax. > > Shawn, maybe if you were a multi-billion-dollar corporation, then you > wouldn't get that form from PayPal. Better step up the sales, hide > your assets offshore, and hire a team of tax attorneys to convince > Caesar that you shouldn't pay a thin dime. ;) > > > On 1/30/12, Don Giovanni <don.giovanni50 at yahoo.com> wrote: >> >> >> On Jan 30, 2012, at 12:12 PM, Shawn Alan wrote: >> >>> ....paypal will be send this to the IRS not taking inconsideration if >>> what >>> you sold was at a lose. >> >> >> Well, yes....but isn't pretty much the same as, say, selling a stock in >> the >> stock market? The IRS is informed of the stock selling price only, and >> it's >> up to you to then fill out your taxes with the buy-price factored in, so >> that you're only paying tax on the profit. Or loss, which can then be >> claimed. >> >> I'm assuming the tax return would be filled out the same way, for >> meteorite >> sales, am I wrong? >> >> DG >> ______________________________________________ >> >> Visit the Archives at >> http://www.meteoritecentral.com/mailing-list-archives.html >> Meteorite-list mailing list >> Meteorite-list at meteoritecentral.com >> http://six.pairlist.net/mailman/listinfo/meteorite-list >> > > > -- > ************************************************* > > Galactic Stone & Ironworks - Meteorites & Amber (Michael Gilmer) > > Website - http://www.galactic-stone.com > Facebook - http://tinyurl.com/42h79my > News Feed - http://www.galactic-stone.com/rss/126516 > Twitter - http://twitter.com/galacticstone > > *************************************************** > ______________________________________________ > > Visit the Archives at > http://www.meteoritecentral.com/mailing-list-archives.html > Meteorite-list mailing list > Meteorite-list at meteoritecentral.com > http://six.pairlist.net/mailman/listinfo/meteorite-list > > ______________________________________________ > > Visit the Archives at > http://www.meteoritecentral.com/mailing-list-archives.html > Meteorite-list mailing list > Meteorite-list at meteoritecentral.com > http://six.pairlist.net/mailman/listinfo/meteorite-list ______________________________________________ Visit the Archives at http://www.meteoritecentral.com/mailing-list-archives.html Meteorite-list mailing list Meteorite-list at meteoritecentral.com http://six.pairlist.net/mailman/listinfo/meteorite-list Received on Mon 30 Jan 2012 07:12:02 PM PST |
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