PayPal Now Sending Form 1099-K

PayPal for the first time is help us do our taxes with income totals via PDFs and sales summaries spreadsheets in the PayPal website

Here’s how to view and print your Form 1099-K:

  • Log in to your PayPal account
  • Select History > Tax Documents

PayPal also had this to say:

As required by the IRS, we’ve prepared a Form 1099-K for you. This form summarizes the gross payments you received through PayPal for the sales of goods or services during 2011. This form is available on PayPal.com.

You will also receive this form in the postal mail soon, if you haven’t received it already. We send this information to the IRS as well. If you reside in California, Hawaii or New York, we also report this information to your state’s tax authority.

Really, this is a welcome addition, prior to this I had to create the spreadsheet and total sales myself. Loving this a lot!

One Comment

  1. Posted March 7, 2012 at 11:14 pm | Permalink

    Yes, this is definitely a nice addition to their services and as you said makes taxes sooo much easier. Love it!