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-   -   IRS Probes PayPal for Tax Evadors (https://gfy.com/showthread.php?t=530555)

GTS Mark 10-20-2005 07:59 PM

IRS Probes PayPal for Tax Evadors
 
http://xbiz.com/news_piece.php?id=10886

I don't know if this has been posted yet but it's probably scaring the shit out of alot of ebay guys.

DH

xclusive 10-20-2005 08:00 PM

good thing i always report everything

KRL 10-20-2005 08:12 PM

They're looking for US citizens who have their PayPal accounts linked to offshore banks.

sandman! 10-20-2005 08:13 PM

lot of 10-20k a month accounts will be looked over it seems :)

sandman! 10-20-2005 08:14 PM

Quote:

Originally Posted by KRL
They're looking for US citizens who have their PayPal accounts linked to offshore banks.


are people really that dumb ?

really are they ?

Doctor Dre 10-20-2005 08:15 PM

Quote:

Originally Posted by sandman!
are people really that dumb ?

really are they ?

OFF COURSE they are ... so many people are trying to fraud the system without knowing how too...

Stallion 10-20-2005 08:16 PM

You would be surprised sandman!. Glad I hand everything over to the accountant and let her deal with it.

LiveDose 10-20-2005 08:20 PM

Quote:

Originally Posted by sandman!
are people really that dumb ?

really are they ?


Yes, there are many.

KRL 10-20-2005 08:24 PM

Quote:

Originally Posted by sandman!
are people really that dumb ?

really are they ?


I read an article that said there's currently over $300 Billion in money that they know about thats owed but uncollectible. So imagine the unknown amounts.

The problem is information overload. Just like the NSA with zillions of intel coming in everyday, there's too much data and not enough people to process it all effectively. The computer systems don't talk to each other and are outdated. There are over 8 million SS numbers being used by illegals that aren't really their SS numbers that further convoludes and then mismatches the data inputs. The 1099's are in the billions now. One out of 3 Americans moves every couple years, so then you have address mismatches. Women get married and then they don't notify the agency the last name has changed. Woment get divorced happens again. Get remarried and now their are 3 last names.

A couple years ago they were so overwhelmed processing offices started to just toss out data forms they couldn't get to so they wouldn't get in trouble for being so behind. Box loads of records.

The tax code is so complex the customer service reps don't even understand it and give taxpayers the incorrect info a lot of the time.

Then you've got the cash economy. The digital economy. The corporate weasles with corporations sending money all over the planet and back and forth.

Bottom line the entire system is a mess and needs to be dramatically simplified .

The simple flat tax on purchases would make it so much better. But that would put the accountants and tax lawyers out of biz and prevent the corporate guys from doing all their tricks so they lobby to keep it deliberately complex so nobody can figure anything out.

robfantasy 10-20-2005 08:28 PM

krl.. what method do they use to choose who to audit? to the best of your knowledge...

Screaming 10-20-2005 08:52 PM

hmm interesting


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