IRS Granted Permission for Paypal records

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  • fris
    Too lazy to set a custom title
    • Aug 2002
    • 55700
    #1

    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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    • SmokeyTheBear
      ►SouthOfHeaven
      • Jun 2004
      • 28609
      #2
      I bet we hear about some missing paypal employees soon , and vanishing transactions records
      hatisblack at yahoo.com

        Comment

        • MetaMan
          I AM WEB 2.0
          • Jan 2003
          • 28682
          #3
          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?

            Comment

            • jimthefiend
              So Fucking Banned
              • Oct 2003
              • 18889
              #4
              Well I'll see you all in 5 to 10.

                Comment

                • Brujah
                  Beer Money Baron
                  • Jan 2001
                  • 22157
                  #5
                  Render unto Caesar that which is Caesars ...

                    Comment

                    • Raven
                      Confirmed User
                      • Jul 2001
                      • 6874
                      #6
                      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...
                      Raven

                      ~RETIRED~

                        Comment

                        • Warden
                          Confirmed User
                          • Nov 2002
                          • 2906
                          #7
                          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.
                          AIM: ZeeRiddler
                          ICQ: 128160005
                          Warden's MS

                            Comment

                            • Sosa
                              In Tushy Land
                              • Oct 2002
                              • 40149
                              #8
                              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.

                                Comment

                                • gooddomains
                                  Too lazy to set a custom title
                                  • Jul 2003
                                  • 10127
                                  #9
                                  that's shitty

                                    Comment

                                    • Phoenix
                                      BACON BACON BACON
                                      • Nov 2002
                                      • 35475
                                      #10
                                      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
                                      Telegram PhoenixBrad
                                      https://quantads.io

                                        Comment

                                        • Webby
                                          Too lazy to set a custom title
                                          • Oct 2002
                                          • 14956
                                          #11
                                          Originally posted by Raven
                                          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...
                                          Funny Raven!!!

                                          So is that the basis of accounting ethics of the American Institute of Certified Public Accountants?
                                          XXX TLD's - Another mosquito to swat.

                                            Comment

                                            • After Shock Media
                                              It's coming look busy
                                              • Mar 2001
                                              • 35299
                                              #12
                                              Originally posted by Raven
                                              I thought money earned from ebay fell into the yard sale category..and I didn't think you had to report that.
                                              .
                                              While most "yard sales" are federally exempt from taxes, on a state level that is different.

                                              [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                                Comment

                                                • Babagirls
                                                  Text Writer
                                                  • Feb 2001
                                                  • 18812
                                                  #13
                                                  not worried, i report what income i get. you just never know what may happen. (that includes paypal, epass, etc)




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                                                    Comment

                                                    • Snake Doctor
                                                      I'm Lenny2 Bitch
                                                      • Mar 2001
                                                      • 13449
                                                      #14
                                                      Originally posted by Raven
                                                      I thought money earned from ebay fell into the yard sale category..and I didn't think you had to report that.
                                                      Maybe for the people who sell one or two items per year on there. However lots of people make a living on ebay and that's more like being a "flea market vendor" than having a "yard sale"
                                                      sig too big

                                                        Comment

                                                        • ajrocks
                                                          Confirmed User
                                                          • Nov 2004
                                                          • 4526
                                                          #15
                                                          Pay Pal is a bunch of assholes. They didn't even fight off the IRS.
                                                          SEO Strategy - Digital Strategy - Cannabis Lead Generation

                                                          Skype aj.durden1

                                                            Comment

                                                            • Raven
                                                              Confirmed User
                                                              • Jul 2001
                                                              • 6874
                                                              #16
                                                              Originally posted by Webby
                                                              Funny Raven!!!

                                                              So is that the basis of accounting ethics of the American Institute of Certified Public Accountants?
                                                              LOL....now that I re read that, it does sound kind of like she's saying 'if I don't see the trail, you don't have to report it'.....

                                                              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....
                                                              Raven

                                                              ~RETIRED~

                                                                Comment

                                                                • Raven
                                                                  Confirmed User
                                                                  • Jul 2001
                                                                  • 6874
                                                                  #17
                                                                  Originally posted by Lenny2
                                                                  Maybe for the people who sell one or two items per year on there. However lots of people make a living on ebay and that's more like being a "flea market vendor" than having a "yard sale"
                                                                  That's what I was thinking....since so many are now earning some real money from EBAY. With their stores and new merchandise for sale, rather than what's in their attics and garages, I'm guessing 'yard sale' may not apply.
                                                                  Raven

                                                                  ~RETIRED~

                                                                    Comment

                                                                    • Trax
                                                                      [----------------------]
                                                                      • Aug 2001
                                                                      • 14486
                                                                      #18
                                                                      if i would not have come clean with paypal a long time ago i wouldnt sleep so good at night anymore

                                                                        Comment

                                                                        • germ
                                                                          ( o Y o )
                                                                          • Oct 2002
                                                                          • 3108
                                                                          #19
                                                                          im surprised paypal even put up a fight. they certainly handed my info over without going to federal court.

                                                                            Comment

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