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In regards to the new for 2011 Ebay/Paypal $20,000 limit for IRS
 

I understand the 200 transactions AND $20,000 limit. Which gets hit first, your Ebay or PayPal account? Has anyone been hit with this yet?

My thought process was to do $15,000 in Ebay sales, then let the account slowly peter out as far as sales, but keep all the e-mail address of past buyers and e-mail them regularly to offer "specials" and still accept payments into that PayPal account via the "gift" option.

After each Ebay account hits 15k, just move onto the next one. I am at $6400 after 120 days, but I have worked up to about $1000/week, so I am slowing the accounts down, but it's tough, it's going to happen.

Thoughts and answers to my questions above?

Use the search box. There are tons of threads on this topic already.

The 200/$20,000 deal is in regards to PAYPAL, not eBay.
eBay does NOT process your payment - PAYPAL does.

You need to do just a small bit of research on your own before you come on here and start talking about something you know nothing about.