GoDaddy Report all Domain Sales the same to IRS?

[nickreed]

I heard a former employee Joe post that GoDaddy collects W-9's and reports all domain sales to IRS on everyone regardless of if they are simply selling a domain or are parking/reselling domains.

I am wondering if someone who has direct first hand experience of this can verify and provide some kind of evidence?

I worked in Tax and Accounting. Doesn't make sense.

I am sick of people just disclaiming "Well, im not a tax professional but..." and then giving false and misleading information based on pure assumptions and their imagination. 

Thanks!

NR

[Nate]

If GoDaddy pays you money this is documented and reported to the IRS.  So for example if you sell a domain thru GoDaddy Auctions you would need a Payee account so you can get paid and that income can be reported.  Here is more information on Payee accounts. https://www.godaddy.com/help/change-my-payee-information-1369