- Irina, I *doubt that your account would get cancelled, and I don’t think there’s a problem with using an account for both personal and business. (but please correct me if I’m wrong on this) My impression is that it’s more about reporting income earned and received — that’s why they’re saying it’s to generate a 1099 tax form for you. So in light of that, it would probably be wise to report any income (at least from this point forward) you’re receiving through them when you do your taxes.When you’re seeing clients in person, you could always ask for cash, and as incentive — offer a discounted rate for those who pay in cash.Or you could take checks — but I don’t know if there’s a good way to deal with checks to make sure they don’t bounce. Perhaps there’s a way to take electronic check payments online in advance — and that would ensure that they go through. No idea about this. The only e-check online payment experience I have is with utility companies. Or if someone is booking far enough in advance, maybe they could mail you a check for pre-payment.Thanks for starting this thread. I only just discovered this change with paypal today — demanding to know your tax status, etc.Is there any such thing as a tax-exemption for healing services — anywhere?(besides religious organizations of course)
Find answers, ask questions, and connect with our community around the world.