My accountant told me that the government just told paypal to turn over names of people who made $20,000 or 200 transactions from sells!
I been paying taxes on my sells for the past 2 years. Its been overall rewarding because i can right off rent,bills,equipment, etc. just because i sell beats on the internet.
So this means that if you have made over 200 transactions and you have not paid then make your beat selling legal. Its gonna come back on you in 7yrs if you haven’t set up either a legal business venture, or claim it on your form.
This is a topic people really never talk about because they think they are getting away free. So why do you think paypal require you to put in a social security number or an EIN number.
I created a article for those who may need help on understanding this topic in detail… the link is