I recently visited with our accountant and got some disturbing news. I can't remember exactly what she said, where it is in the progression, but, the government is trying to be able to access PayPal for income purposes. I don't know if this is a definite thing or just in the plans....I am hoping it doesn't happen.
I know several of us from the board here will "gift" money through PayPal, but if they use it to start attaching as income, I am considering just selling for cash, check or money order when I sell anything on here or eBay. I would assume that if they saw several "gift" transactions throughout the year that would possibly be a red flag.
My understanding is that if this goes through, they will be going for any place that accepts payments like PayPal does.
Sad day.....