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<p>[QUOTE=&quot;medoraman, post: 1373598, member: 26302&quot;]Yes sir you are correct. For the past decade the primary focus of the IRS has been the &quot;tax gap&quot; (the difference between theoretical taxes that should be collected and those actually collected), and how to close it. They are actively looking at any data source possible to close this gap and force higher compliance. Of the areas identified, non-reporting of business profits from sales is listed as the highest reason, with profits from non-dealers of items also being listed. Therefor, if I were the IRS I would be pursuing Paypal aggressively as well, as that data will give them 100 million questions to ask to see if people are reporting income correctly.</p><p><br /></p><p>Closing the tax gap was also the motivator for the now repealed law forcing reporting of purchases on a 1099. Trust me, when the government starts having trouble borrowing they will reinstate this law. Think about all of the people buying and selling for cash at a coin show, and how profits from these sales probably are not being reported and paid taxes on. There is a lot of money to be raised if all purchases had to be reported to the IRS, and the government knows that.[/QUOTE]</p><p><br /></p>

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