IRS Wins Court Approval to Investigate Hidden Cash Via PayPal
An AP newswire article, via USA Today, reports that:
The Internal Revenue Service won approval from a federal court to ask PayPal to turn over information about people who might be evading taxes by hiding income in other countries, officials said Tuesday.More here.
A federal court in San Jose, Calif., gave the IRS permission to ask PayPal — a company that enables online money transfers — for account information for American taxpayers who have bank accounts, credit cards or debit cards issued by financial institutions in more than 30 countries reputed to be tax havens.
PayPal spokeswoman Amanda Pires said the company just received the summons.
posted by Fergie @ 4/11/2006 03:43:00 PM
0 Comments:
Post a Comment
<< Home