True gifts. This rule applies only to true gifts. You canât avoid paying income tax by calling something a gift when it isnât. For example, a âgiftâ you receive in exchange for services or some other consideration isnât a gift. Income after gift.
Actually, they can. PayPal will put your account into a negative balance and any funds you add or receive will first go towards that negative amount. If you keep a negative balance for over 30 days, they will send you to collections and close your account.
However what I don't understand is you saying you need a US bank account to take money out of Paypal, that is not true, you can have an account in any (well at least most) country. The problem with Paypal is that you can then only remove funds in the currency of that country, not the account, the country.ou can apply for an account in person at any Bank of America banking center by presenting valid forms of identification.. And in the Name & Address information section, there is a menu for selecting your State, no menu for the country, which I suppose means that only US addresses are accepted.