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
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
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