For tax year 2011, the IRS did something very interesting: they required payment settlement entities to file Form 1099-K for payment transactions. This includes PayPal accounts that received at least 200 transactions and $20,000 total during the calendar year. If you’re a blogger, the majority of payments are made via Paypal, so this adds a.
[…] Read more:  Paypal Income Reporting Requirements for Bloggers