Should you declare earnings from Mylot as income?

Yes it will be declared by Paypal if you have business account

Well for me, i can say that what i earned online is an income but the difference is we not paying tax, i think so. Happy posting.

technically all monies earned online is still income and should be reported to the IRS. That being said in order to do this mylot would have to send 1099 forms out, and I dont think that they actually do that. Im sure however if you earn over a certain amount on this site in a year they probably will send you one.

IRS wqnats you to declare all earnings, but mylot will not report your earning until you reach $500.00,(I think that is still the minimum) So it's up to you how you want to handle it.

this "income" at most can be described as "part time",technically it's one of your income

Depend on how much you are making in total in year,it might or might not be necessary I guess.