Recent content by pleaseview

FBAR is 10k, FATCA is 50k. Either way it isn't relevant, the IRS isn't looking for ppl with 20k parked overseas. Back to my original questions, 1. will ebay object to my foreign paypal and 2. apart from VPN what other steps do I take to keep my paypal running smooth.

I only have to report it if the account goes over $50k at anypoint in the year. Which it hasn't and doubt it will (if I spend it fast enough lol). BTW how do taxes work on ebay sales, percentage of sales or profit? Can you give me a breakdown of approx what u pay (as a percent)

At some point will ebay ask why is your paypal international, since my goods are US based n shipped - or do they not care?

So I understand the $20k rule, where after that amount I have to give my SSN and file taxes (W-9) To avoid this I opened a paypal in a foreign country (I already had a bank account) and I'm sending all my payments thru there and withdrawing to that bank account. For right now, I'm pretty...