What just happened to accepting Paypal?? looks like they are trying to drive us away

I think its like the sales tax thing, one day it shows up and we have to pay sales tax on everything.....I think this is a path for the IRS to track your transactions for the purpose of taxing us as "Business" people earning income.......First its yard sale money and now its business income..........What else could you call it ??  I think it started when the "big" stores came in like the Music Room, and other big dealers in used audio and made it big business ........... Will

David, PP only reports our sales to the IRS if you have 100 sales and a significant total of around  $50,000. in a year, I believe. It might even be 200 sales....but you have to reach both categories to be reported. Having a business account seems to mean it's income from a "business" no matter how limited.

Lula.
The figures are 200 sales or $20,000.
Which is a stupidly low figure as some of our hobby items can cost that or more on its own.
And this is from a personal account.
I have had " dealings" with the IRS and PayPal over this for the last 3 year’s.
PayPal at present does not differentiate between actual monies received from sales and gifts from friends and family sources.
This results in them sending the IRS incorrect and untruthful statements which then costs time and money to resolve.

Expect a change........

Although I hate to say it, it does look like the new Ebay managed payments system will work out better for the hobbyists.
They also have to report to the IRS sales of 20k or 200 items BUT they do not know or care about any monies received via PayPal friends and family so at least it should be an accurate fair reporting from eBay.

Ok back to the topic at hand......

@lula  Thanks. That's good to know. I was referring to 'self-reporting' which is what we all do, even for Craigslist. : )