According to Ken Swab of PayPal

"PayPal will be reporting the total payment volume for accounts that receive over $20,000 and receive more than 200 payments per year. A business receiving $15,000 in payments per year would not meet the requirements of the legislation. Please see my update to the post above for more clarity on the rest of your questions."

so this means if say i made 10k in 201 payments i will not have to file a claim on the income according to the new legislation coming into affect. As to file you need a 1099