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US IRS serious about internet tax and targets Paypal - US IRS serious about internet tax and targets Paypal
Thu, April 13 2006 | 2:08PM | PermaLink Feedback?

If you're a typo squatter, Microsoft is going after you with a new tool. Here is a surprise, outsourcing does not save as much as claimed. Ouch, looks like the US government is getting serious about Internet tax. Anyway the IRS now has the right to search US Paypal records for tax evaders in certain cases.

Under the order, issued by a U.S. District Court judge in San Jose, Calif., the IRS can view PayPal members' bank and credit card records under certain conditions, the Justice Department announced this week. The IRS is seeking access to these records as part of its larger Offshore Credit Card Program, which aims to crack down on U.S. taxpayers who hold money offshore to avoid paying taxes.

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