2011-12-06, 10:00 AM
That logic makes no sense.
Paypal generates a 1099-MISC on all income sent to a paypal account during the year, whether it was via donate or not.
The whole reason they make you do the verification of whether or not you're a charity is to determine if you're exempt from this, and if you're not, you get the 1099 send & filed. All tax liability is then on the recipient to prove/disprove.
Paypal generates a 1099-MISC on all income sent to a paypal account during the year, whether it was via donate or not.
The whole reason they make you do the verification of whether or not you're a charity is to determine if you're exempt from this, and if you're not, you get the 1099 send & filed. All tax liability is then on the recipient to prove/disprove.
It's not having what you want - It's wanting what you've got.