PayPal for Business has everything you need to sell online and in person. Grow your business with our diverse and secure payment solutions.PayPal will report these transactions. I'm currently looking for a VA to manage order fulfilment for me, so I can focus back on content creation. View the different State licenses that PayPal has in multiple US jurisdictions. Find out more about PayPal`s licensing here. If I formed an LLC, and receive payments through Paypal and a separate bank account, can I report both accounts to the IRS to prove income? Pay directly from your bank account using one of these options: eForms – electronic, fillable forms with no login required. You are still required to report all income received from all sources on both your federal and Virginia income tax returns. Select the invoice from your Dashboard or Activity.