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

[Irule22]

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?

[cardfelon]

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

[Here We Go Again]

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.