But I
am an independent contractor for Amazon payments. I'm sure as heck not an employee. Although I've only sold two items there this year...still I'm definitely a contractor. You are saying if someone NEVER sold a dime at Amazon they could use Amazon payments to transfer thousands of dollars back and forth? So that's the booby prize for not having anything ever that anyone would want to buy? :-)
Originally Posted by
steventravel
$600 is the amount you receive a 1099 for Independent Contracting. If you are an IC for a company and you make over $600 they legally have to report it to IRS. You are not an IC for Amazon Payments so there standing rule about: 20K would apply as that appears to be the new rule for Paypal as well.