Skip to main content
Level 7
March 16, 2022
Question

Inexplicable PayPal 1099-K's

  • March 16, 2022
  • 2 replies
  • 8 views

Several elderly clients have received a 1099-K from PayPal for around $1000 amounts that they have no idea what they are for. They don't use PayPal. Small payments over six months. I'm beginning to think these are scams. PayPal will not explain when called. How shall I handle it?

This topic has been closed for replies.

2 replies

Level 15
March 16, 2022

Throw the 1099-K away, and tell the client to possibly expect a letter from the IRS. 

You can even prepare a response and give it to the client now, so they can send it in when if/when they get the IRS notice.

Taxprohere
Level 7
March 17, 2022

Are they selling some of their knickknacks and stuffed dolls with scary eyes on Ebay?