The law affects all the persons that receive a yearly income exceeding $600 from online business transactions. If you receive money for non-business transactions, however, this law won’t affect you regardless of the platform you’re transacting on. In addition, if you’re using a platform that’s affected by this rule, you have to clearly indicate that the money you’re receiving or sending is not a business transaction. Otherwise, you might prompt a response from the IRS requiring you to clarify the transaction.