1099K Tax Form paypak et. al
 

I just got a 1099K tax form for receiving payments via Paypal. Although the limit is set as a 20K federally, I live in a state where the reportable limit is far lower. Just an FYI to guys who sell alot of parts on the forum and receive payments via PP. Check your state limits for reportable electronic income,,,Uncle Sam is coming for their cut.