https://www.investmentwatchblog.com/small-business-owners-who-use-services-like-paypal-and-venmo-for-payments-previously-could-in-theory-avoid-paying-taxes-on-money-earned-there-if-they-made-less-than-20000-but-a-new-irs-rule-is-ch/
Small business owners who use services like PayPal and Venmo for payments previously could, in theory, avoid paying taxes on money earned there if they made less than $20,000. But a new IRS rule is changing all of that. No worry for billionaires, this won't change anything for them.