Re: Interesting article regarding the IRS and the internet...

I... am... afraid... your friends at Paypal will bow to the state.

Paypal has already been reporting 1099's for accounts that gross over $20K and 200 transactions in a year.

https://www.paypal.com/us/webapps/helpcenter/helphub/article/?solutionId=FAQ729

This is old news as far as Paypal is concerned.

It is. But the post you are quoting is older.