Hi All. I came across an announcement of a new tax form, 1099-K, that is intended to be used for reports of online income. Before you panic, the specs are that you make more than $20,000 online AND conduct more than 200 transactions. Apparently, PayPal and Ebay are already issuing the form. Here's an article (not from the IRS) with more info: http://cashmoneylife.com/1099-k-form-reporting-requirements/