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04-12-2006, 11:28 AM
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#1 |
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Too lazy to set a custom title
Industry Role:
Join Date: Aug 2002
Posts: 55,372
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IRS Granted Permission for Paypal records
Tax officials won permission from a federal court in San Jose to ask PayPal for account information for customers who have had money sent to financial institutions in 30 countries known to be tax havens, according to an Associated Press report. The request will involve transactions from 1999 to 2004.
full story http://www.mercurynews.com/mld/mercu...s/14318564.htm
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Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence.  WP Stuff |
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04-12-2006, 11:35 AM
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#2 |
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►SouthOfHeaven
Join Date: Jun 2004
Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer
Posts: 28,609
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I bet we hear about some missing paypal employees soon , and vanishing transactions records
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hatisblack at yahoo.com |
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04-12-2006, 11:38 AM
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#3 |
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I AM WEB 2.0
Industry Role:
Join Date: Jan 2003
Posts: 28,682
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dam, most ebayers probably do not claim taxes on their paypal, i know many who do not. i wonder what tax brackets they will be targetting?
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04-12-2006, 11:38 AM
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#4 |
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So Fucking Banned
Join Date: Oct 2003
Location: icq: 121189
Posts: 18,889
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Well I'll see you all in 5 to 10.
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04-12-2006, 11:39 AM
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#5 |
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Beer Money Baron
Industry Role:
Join Date: Jan 2001
Location: brujah / gmail
Posts: 22,157
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Render unto Caesar that which is Caesars ...
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04-12-2006, 11:40 AM
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#6 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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I thought money earned from ebay fell into the yard sale category..and I didn't think you had to report that.
Course, with all the ebay stores, that may not apply anymore.... My accountant says, as long as there is a paper trail that can be generated or an electronic trail...like me transferring my paypal funds to my bank, then it's reportable...
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Raven
~RETIRED~ |
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04-12-2006, 11:42 AM
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#7 |
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Confirmed User
Join Date: Nov 2002
Location: Valencia, CA
Posts: 2,906
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I know there are a lot of people shitting their pants right about now. All those years of unclaimed income paid via PayPal. I'm glad I've never received payment, rather only sent.
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04-12-2006, 11:42 AM
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#8 |
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In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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Lots of people going to be hurting when they are forced to pay out big to the IRS for all their ebay sales? I know some big people on ebay and good for them they pay in and track every sale / ebay fees etc.
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04-12-2006, 11:44 AM
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#9 |
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Too lazy to set a custom title
Join Date: Jul 2003
Location: Netherlands
Posts: 10,127
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that's shitty
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04-12-2006, 11:44 AM
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#10 |
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BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
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i pay taxes based on what comes into my bank account....and since all my income comes throug there one way or another..im not too worried
but yeah...some people will be fuckered..lol |
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04-12-2006, 11:45 AM
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#11 | |
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Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
 So is that the basis of accounting ethics of the American Institute of Certified Public Accountants? 
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XXX TLD's - Another mosquito to swat. |
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04-12-2006, 11:52 AM
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It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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Quote:
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04-12-2006, 11:55 AM
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#13 |
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Text Writer
Join Date: Feb 2001
Location: Wisconsin
Posts: 18,812
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not worried, i report what income i get. you just never know what may happen. (that includes paypal, epass, etc)
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 Need a Text Writer? Blogs|Reviews|Descriptions|Paysites|TGP's|Stories  ICQ: 397892500 |
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04-12-2006, 12:01 PM
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#14 | |
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I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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Quote:
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04-12-2006, 12:04 PM
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#15 |
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Confirmed User
Join Date: Nov 2004
Location: On Uranus
Posts: 4,526
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Pay Pal is a bunch of assholes. They didn't even fight off the IRS.
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SEO Strategy - Digital Strategy - Cannabis Lead Generation Skype aj.durden1 |
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04-12-2006, 12:09 PM
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#16 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
I figure, if money enters my bank account....no matter from where it comes, it's reportable income. If someone hands me cash, well, it's my ethics, not hers....
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Raven
~RETIRED~ |
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04-12-2006, 12:10 PM
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#17 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
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Raven
~RETIRED~ |
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04-12-2006, 12:10 PM
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#18 |
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[----------------------]
Join Date: Aug 2001
Posts: 14,486
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if i would not have come clean with paypal a long time ago i wouldnt sleep so good at night anymore
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04-12-2006, 12:29 PM
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#19 |
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( o Y o )
Industry Role:
Join Date: Oct 2002
Posts: 3,108
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im surprised paypal even put up a fight. they certainly handed my info over without going to federal court.
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