Reply to ""IRS to Regulate Tax Prep in 2011""

I noticed in the article that it said the guidelines for which payment processor like PayPal must report the amount the payee receives IF the amount is at least $20k OR 200 transactions.

I've read quite a few articles on this subject including an article written last year by another Auctiva editor that stated reportable requirements will be $20k AND 200 transactions.

Anyone know for sure which is accurate?

Is it $20k OR 200 transactions?
OR
Is it $20k AND 200 transactions?

1/14/1010:23 AM

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