04-27-2012, 12:39 PM
(04-27-2012, 08:17 AM)Ma Huang Sor Wrote: Plus Paypal broke the law by not reporting it once he had over 10,000 dollars in his account.
I think the law is that any transaction of $10K or more has to be reported. That is, if Z had received a single donation of $10K or more, that particiular donation would be reported (or if from that account Z pays $10K or more to a single recipient).