I just got off the phone with the IRS and they said when using PayPal and if your under the 20k they will not be notified about it but you still have to file and pay your 30% tax fee on the profits.

So there for its a honor system for anything thats a small amount done with paypal. Anything above that they said a 1099 will be issued and you will be taxed on that amount on top of your net gain from your actual daytime job.

They said they put this paypal law in effect to stop ebay/paypal sellers form making a lot of money and not paying taxes on it as paypal is offshore. So if your under 20k IRS will not know anything about it unless your a honest person and report it on your taxes.

Keep Voting Democrat and this is what we get.