Beware of relying on multiple accounts to avoid the reporting. My understanding is that the payments will be reported based on either a Social Security Number or Tax ID Number. If you are using your SS for personal as well as for business, all payments will be lumped together and if the threshold amounts are met, a report will be generated. You could have many accounts but as long as they are all identified by the same tax id number, you're toast. Here is the text that explains this: If I have multiple accounts that, when combined, meet the thresholds, but individually they don't, will my accounts be affected? Yes. PayPal and all other payment processors are required to report sales and transaction volume to the IRS by Tax Identification Number such as a Social Security Number (SSN), or Employer Identification Number (EIN). For example, if you have two seperate accounts associated with the same SSN/EIN with the payment levels shown below, PayPal will report both accounts on 1099-K Forms under the new regulation. Account A - $18,000 in payments received for goods and services and 180 transactions Account B - $3,000 in payments received for goods and services and 30 transactions It would make more sense to truly separate your business functions and apply for a tax id number for that enterprise. As for transfering funds between your accounts, use the PERSONAL tab when you make the transfer and you should be okay. This text explains more about that: Are personal payments that I receive counted in the total that will be reported to the IRS? No. Personal payments that are not payments for the sale of goods or services will not be counted in the total to be reported. However, all payments received for the sale of goods and services will be used to calculate the gross payment volume to be reported. ^ ..^ Meow
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