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That would constitute tax fraud right? And intentionally bypassing the reporting built into the platform surely increases your culpability. If you're doing a r
by pythonaut_16 5y ago
That would constitute tax fraud right? And intentionally bypassing the reporting built into the platform surely increases your culpability.
If you're doing a relatively low volume you might get away with it, but you are committing a crime.
- CheezeIt 5y agoThey’re bypassing the fees, primarily, not the reporting.
- wayoutthere 5y agoOr maybe the government should keep their grubby mitts off my money until they’re willing to go after the billionaire class. But the IRS only prosecuted about 1500 tax fraud cases last year, so you’re probably not going to jail. Enough stuff in this world is illegal that a little cash under the table is no big deal.
- voakbasda 5y agoNot a crime, as long as they are reporting the income on their tax returns. However, it is definitely against the terms of use and will get their accounts suspended. As PayPal has shown, they might also confiscate any money left in the accounts.