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James
James (@guest_1842095)
May 8, 2024 18:39

Chuck: what was the resolution to get the money hold released?

I am dealing with a very similar situation.

Adam
Adam (@guest_1772424)
January 7, 2024 03:47

All this just to get a few $ back from Chase. Wow…

Chickoree
Chickoree (@guest_1771657)
January 5, 2024 14:25

People still use PayPal? Gee, who would after the mess they created in the past (remember eBay)? There are much faster, safer and cheaper ways to send money. Chase is one of the banks running Zelle, I can send money to anybody with an email for free.

John
John (@guest_1770727)
January 4, 2024 14:15

don’t use a credit card to send money to fnf on paypal peroid

Steve
Steve (@guest_1770292)
January 3, 2024 22:01

Paypal sucks. I avoid it like the plague.

Chuck
Chuck (@guest_1770328)
January 3, 2024 22:59

It’s not anything Paypal is doing it’s our frickin government. We are allowing our government to hire 20,000 auditors and do things like make this ridiculous change in amounts. They claim the hiring of agents is to catch bllionaires cheating on their taxes, but why change then to $600 trigger? Another benefit of the senile Joe Biden administration.

blueskies
blueskies (@guest_1770472)
January 4, 2024 08:21

Yes!

beavis
beavis (@guest_1771100)
January 4, 2024 19:36

“They claim the hiring of agents is to catch bllionaires cheating on their taxes, but why change then to $600 trigger?” Your logic is amusing.

PK
PK (@guest_1771935)
January 5, 2024 23:30

Well the country is overdue for a revolution but people haven’t reached their breaking point and most likely anyone that tries will disappear and/or get shunned by the public. Somehow, people still think that a handsome knight in shining armor will come along and single handedly save us all and make the world better. Enough of the general population has to snap and take risks. Most people are sheep and cowards.

Carl
Carl (@guest_1770041)
January 3, 2024 16:52

His mistake was having a bank account linked to Paypal. You should only link a bank account just before withdrawing funds and unlink the account immediately after.

mk712
mk712 (@guest_1770204)
January 3, 2024 20:06

I used to sell a lot of stuff on eBay a couple of years ago and someone disputed the charge on one of my sales which led to PayPal taking the money away. They eventually gave me the money back “as a one-time courtesy” but since I didn’t have a bank account linked, they couldn’t withdraw the funds and for a while my PayPal account had a negative balance.

The best part was that PayPal sent me an email about the negative balance with a link to fund my account, and the funding page let me add funds using a credit card with no processing fees! Unfortunately it only let me fund up to my negative balance. I figured in this scenario PayPal would rather get their money back ASAP than run after me, even if that means eating the processing fees.

Retired
Retired (@guest_1770329)
January 3, 2024 22:59

I am unlinking my banks from Paypal immediately.

Burgers?
Burgers? (@guest_1769949)
January 3, 2024 14:15

PayPal needs to increase their lobbying spend to get this crap changed by the Congress.

Maurice
Maurice (@guest_1769902)
January 3, 2024 13:13

Chuck, you are playing this game way out of your hand. Just hand the damn $800 cash or Zelle $800 to your brother. Issue resolved!

bullfrog34
bullfrog34 (@guest_1769881)
January 3, 2024 12:46

I realize that you don’t want to upload his tax ID, I wouldn’t either, but it’s important to remember that the receipt or non-receipt of a 1099 doesn’t make a transfer of money taxable or nontaxable. It’s just a report telling the IRS that money changed hands. You seem to have ample documentation that the amount was not actually revenue to him, so when he files his taxes, he would not be required to include it in his taxable income.

In short, annoying to get the 1099 and even have the question of taxability come up, but at the end of the day, it changes nothing about your brother’s tax situation either way (unless they actually withhold the 24% – that’d bring another layer of annoyance since he’d have to get it refunded when he files his 2023 tax return).

Guy Who Buys Stuff
Guy Who Buys Stuff (@guest_1770086)
January 3, 2024 18:06

Spending 4 hours with an IRS auditor, walking him through a PP spreadsheet to show him how effed up PP’s 1099 reporting really is… priceless.

I’ve had to do this twice since 2014, when PP first mastered their 1099 eff-ups.

Buy $500 item using connected bank account = $500 “income” as the money passes from bank to PP
Cancel order/return item = $ 500 “income” as it passes back from PP to checking.

$0 net (which was literally never income in the first place) is now magically +$1000 on the 1099.

Dbzdeals
Dbzdeals (@guest_1770300)
January 3, 2024 22:13

This is how all those 80K IRS auditors will have to stay busy to find money to offset for the hundreds of billions laundered in Ukraine (unaudited) and trillion+ laundered by the pentagon annually (also unaudited).

Dan
Dan (@guest_1769811)
January 3, 2024 10:58

Never use ScamPal to receive money.