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Originally Posted by G10
Does your paypal account transfer money into your bank account?
If not, what system are you using to withdraw your funds?
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Yes it does transfer money into my bank account. However, that does NOT mean that paypal reports your earnings to the IRS. Paypal does not send the 10.. something form to the IRS. Check out Paypal tos and you'll see that what i am talking about.
Paypal expects YOU to report your earnings to IRS.
I am NOT saying that I am not reporting my earnings to the IRS. In fact, even though I hate paying taxes and I surely don't want my tax dollars to be used to murder innocent people in Iraq or to be given to Israel so that the settlers may build on stolen palestinian lands, I do report my earnings. I don't want to get in trouble with the feds.
But in theory, you could avoid to report your paypal earnings to the IRS and get away with it.