I was talking with paypal today and it looks like the all for climate reimbursment payments are coming in as "goods and services" payments to paypal, which triggers a tax reporting requirement. Reimbursements are not goods and services, so they should be paid as PERSONAL/gift payments in order to not trigger tax reporting requirements. This can create trouble for our volunteers who may get audited as a result. They will be able to prove their innocence during an audit but its an extra hassle. Can you change the payment type from now on?
Symbiosis PDX
Posted on April 15, 2022
I was talking with paypal today and it looks like the all for climate reimbursment payments are coming in as "goods and services" payments to paypal, which triggers a tax reporting requirement. Reimbursements are not goods and services, so they should be paid as PERSONAL/gift payments in order to not trigger tax reporting requirements. This can create trouble for our volunteers who may get audited as a result. They will be able to prove their innocence during an audit but its an extra hassle. Can you change the payment type from now on?