New Tax Law in 2011 for eBay Sellers

Starting in 2011, all U.S. payment providers including PayPal will be required by the IRS to report sales information about certain merchants to the IRS. We want to help you understand these changes.

•   Applies to merchants receiving over $20,000 in gross sales volume AND 200 payments or more
•   Applies only for sales beginning on January 1, 2011

For more information visit the Paypal website:

https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W