<rant> If we're seriously relying on people checking a box for these numbers to be reported or not reported, then relying on reported or not reported to determine taxability then we have reached the future predicted in the documentary film Idiocracy. 🙂

I was taking Google Wallet payments for a while (no fee and yes they sent me a 1099-K) but had to stop last year because 1) My really smart Google employee clients making well into 6-figures/year could not follow directions and send the money to the right email address (but now we're expecting them to correctly check or not check a box?) and 2) Google rethemed Wallet to Google Pay and changed the terms to disallow commercial transactions.

I have zero faith in the general population accurately checking/unchecking a box in an app to correctly determine taxable income.  And on the consumer side, if I buy a widget on ebay and pay for it with paypal, I neither know nor care whether the person selling the widget is clearing out their deceased grandmother's garage, selling a widget they got as a white elephant Christmas gift, or in the business of buying and selling widgets for profit.  On the seller side, if I'm in the widget selling business you mean I can just check a box with ebay/paypal and they won't send a 1099-K anymore?  Where's my Staples button 'cause "That was easy."

</rant>