The IRS May Access Your PayPal Account...

JackWESQ

A federal court in San Jose gave the IRS permission to ask PayPal for account information
for American taxpayers. However, the story is a bit curious in that the IRS sought a Court
Order TO ASK PERMISSION not to force compliance with subpoena.

/s/ JackWESQ

CNN Story

poppie

Not a problem with it here! If you remeber to do all of your business as you would with your Moma, let them look!

DeutscherGeist

We mostly buy stuff, so we should not even be concerned. Otherwise, I agree with Poppie.

Sugar20

It's a pretty big precedent though. I'm would assume it only deals with people that they are already auditing or looking into though. It's not like they are getting paypal records and sorting them by sales dollars and coming after the top 20 or anything. i'm surprised they wouldn't have access to this stuff anyway since it is the US gov't. Once again, more reason to just do it right the first time so you don't have to worry about it later in life.

magellan

The IRS can & will go after any of your financial records if you're up for an audit or worse yet investigated for tax fraud. Nothing has changed, Payapal is just a venue that didn't exist a few years ago.

JESSEJAMES

Tax dodgers may lose friend in PayPal
Court: IRS can ask company about clients with offshore accounts

offshore accounts... not us accounts.