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Dear administrator, my family members are all in China, so they can only pay me through paypal. However, it is a pity that Chinese paypal cannot use relatives and friends to pay, and Chinese paypal only supports commercial payment.
My family can only use commercial payment every time they send me remittances, but this will lead to my tax increase, because this is not a commercial behavior, so paypal will increase my tax by 1099K. I consulted the IRS, and the IRS asked me to contact the organization that issued 1099K for modification. May I ask what should I do? Can I ask my family in China to pay for me?
https://www.irs.gov/businesses/what-to-do-with-form-1099-k
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Hello @hi-pan
Welcome to PayPal Community Forum and thank you for posting!
I understand you would like to know if you can make changes in the 1099-K form before submitting it to IRS. Please refer to this article to understand how to request a correction to your 1099-K www.paypal.com/cshelp/article/help546, you can contact the issuer to have an immediate corrected 1099-K issued. You can reach out to our team to help you with your query incase there is any additional information required. Please connect with our Support Team by clicking the contact us option at the bottom of PayPal page.
Please note that the information provided by PayPal is not intended to be and should not be construed as tax advice.
Regards,
Jyoti
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When paypal gives me the 1099K form, do I have the right to change it before submitting it to IRS?
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Hello @hi-pan
Welcome to PayPal Community Forum and thank you for posting!
I understand you would like to know if you can make changes in the 1099-K form before submitting it to IRS. Please refer to this article to understand how to request a correction to your 1099-K www.paypal.com/cshelp/article/help546, you can contact the issuer to have an immediate corrected 1099-K issued. You can reach out to our team to help you with your query incase there is any additional information required. Please connect with our Support Team by clicking the contact us option at the bottom of PayPal page.
Please note that the information provided by PayPal is not intended to be and should not be construed as tax advice.
Regards,
Jyoti
If this post or any other was helpful, please enrich the Community by giving kudos to its author, accepting it as a solution, and/or coming back to assist others. Members make this Community great!
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