Escrow.com tax reporting?

[loscocco]

When recieving a large payment say $5K-20K from Escrow.com do they send you a W-9 or other tax form at the end of the year or do they report large sales directly to the IRS? How does that work?
thanks
Erin

 

[loscocco]

anyone?

 

[Ronald Regging]

Do they require a Social Security number? I live by the firm belief that if a transaction isn't accompanied by my SS#, then that transaction never happened

 

[loscocco]

Do they require a Social Security number? I live by the firm belief that if a transaction isn't accompanied by my SS#, then that transaction never happened

hehe i like that belief.. that what i hope

 

[Ronald Regging]

Theres always some sort of paper trail though, so if you ever get audited you're screwed either way. Checks need to be deposited, online pay sites are linked to your bank account, etc... I don't really know the ins and outs of offshore bank accounts, but I'm not making any massive sales, so it doesn't really effect me.