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- Inexplicable PayPal 1099-K's
Inexplicable PayPal 1099-K's
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Greta
Level 9
03-16-2022
04:21 PM
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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?
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TaxGuyBill
Level 15
03-16-2022
04:35 PM
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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
03-16-2022
10:46 PM
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Are they selling some of their knickknacks and stuffed dolls with scary eyes on Ebay?
