PayPal and other payment services will be reporting your transactions that total $600 or more annually, even though the law states individual transactions $600 and above. It will be just a matter of time before the others join in, so let’s punk the IRS and buy nothing using these services but feminine hygiene products and hemorrhoid cream.
Update for clarification:
At this stage, it only applies to sellers, not buyers. But let’s keep our plan on the back burner for later use!