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1099k tax help

Discussion in 'Business & Tax Advice' started by grex123, Feb 20, 2016.

  1. grex123

    grex123 Newbie

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    Hi,My friend created a PayPal account based on a USA real person ID and provided SSN. Today he received an email from PayPal about the 1099-K tax papers. Are there any solutions to pay that 1099K tax and solve this problem?. That PayPal account is under a random guy name (with ssn - valid information account) and he would like to settle that tax amount before that guy noticing.

    Please help.
     
  2. loedown

    loedown Jr. VIP Jr. VIP

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    No not really, thats really messed up you used someone elses name and SSN to setup a paypal account.

    I hope they catch you and him.
     
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  3. loclhero

    loclhero Supreme Member

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    You used another person's SS number for "your friend's" paypal account? F u.
     
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  4. grex123

    grex123 Newbie

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    Mate its just a prank,
    My friend was planning to buy a verified USA PayPal account with SSN and I posted this thread to know if it will cause any issues in future when it comes to the 1099k. As buying a USA verified PayPal account in future will cause problems when it comes to the tax, will Europe or Asia based PayPal account be fine to use without any tax problem?
     
  5. grex123

    grex123 Newbie

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    Mate I haven't,
    I posted this thread for my friend to see the advantage and disadvantage of him buying a SSN verified Paypal account in future when it becomes to the tax problem. Will Europe or Asia based PayPal account be any good to avoid tax issues?