Originally Posted by
BlissWorld
When sending money, it only gives you the option to select either goods/services or cash advance. Given the fact that you had to give your social security number and the IRS notification at sign up, wouldn't that raise some flags with the IRS? If you do $1k a month, that's potentially $12K of income that IRS would want to tax you (even though amazon clearly says you can use it to pay friends and family).
Thoughts?
Are you talking about sending or receiving 1k a month? Your post seems to talk about sending. If that's the case, they don't care.
If you're talking about receiving 1k a month, they still don't care. 200 transactions AND $20,000 in gross income is what the IRS cares about.