I have tried to find information about this but I have been unable to. I have learned that PayPal has a obligation to report gross income of $20,000 activity within the PayPal account to the IRS. I live in Norway and I am therefore not liable as I am not a US citizen. I have signed a W8-BEN related to my business and I wonder if PayPal has a requirement to report the paypal income to the IRS of Norway, if there is, is it also $20,000 or is there any other amount or is PayPal not responsible to report my activity to non-US revenue services. Most of my money I deposit from PayPal to my norwegian bank account which I pay tax on, with a miniscule amount deposited in my American bank account and some also invested in stocks and crypto.
P.S: I'm still fairly new to this, I just started making money last year and I know basically nothing about anything, sorry if something I say doesnt make sense I will try to clarify
P.S: I'm still fairly new to this, I just started making money last year and I know basically nothing about anything, sorry if something I say doesnt make sense I will try to clarify
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