5 Nov
2003
5 Nov
'03
10:35 a.m.
At 01:54 PM 11/5/03 -0800, you wrote:
I think that was lowered to $1,000 about ten years ago. Drug War and all
that BS. FWIW I was traveling on a toll road a couple of years ago and had
to use a $100 bill to pay a toll. The toll takers had to make a copy of my
driver's licene and other info to report it to the IRS!!!
Joe
On Wed, 5 Nov 2003, Jay West wrote:
guy
I have a couple questions about ebay/paypal, and
figured some folks on the
list here might know the "straight scoop".
instead, we will give you a lot of uninformed opinions
1) If some seller sets up an auction as private
(yet it still shows up on
the listings) - the deal is that no one can see who bid on it, or who is
currently the high bidder. In this set up, how can I be sure the seller
isn't bidding on his own auction to drive up the price? He's taunting me I
bet demmit! heh
I'm pretty sure that the eBay system would not accept a bid by
the seller.
Therefore, he is using a SHILL - having a friend of his make the bid.
> 2) Hypothetically, say I sell an item on Ebay for... oh... $2500.00. The could pay me
via paypal, or he could send me a cashiers check. Does Paypal
report transactions to the IRS?
Only large ones, or "suspicious" ones.
The rule of thumb in the banking
community USED TO be that any transaction over $10,000 had to be reported
to the guvmint,