IRS summons paypal for info on US members and their accounts

[fatter]

dont no if this was posted yet, seems irs is getting more effecient billions made through paypal/ebay
http://www.usatoday.com/money/perfi/taxes/2006-04-11-taxes-paypal_x.htm?csp=26

 

[DNGeeks]

Interesting news, I haven't hard it before.

The honest person has nothing to worry about.

 

[fatter]

people dont realize how quickly this can add up irs can go back a few years and some states like new york require you to pay sales tax on internet purchases that the vendor doesnt take out, i remmember they hit the buyers of smokes from indian reservations for tens of thousands. even a small domainer who make 10k a year is looking at a hefty tax bill if caught, not to mention all the ebay businesses