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Is the IRS going to audit Paypal accounts?


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There was some story about that.

This doesn't mean that the IRS is going to look at your account and my account and the account of everyone who uses eBay.

It means that there were some people who have been using PayPal to dodge taxes on a huge scale, and the IRS has gotten approval to look into it.

Don't worry about it. It doesn't mean anything for the average PayPal user. At least not yet.

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Why not?!?!? They have all the reasons in the world TO do it...and to look into power sellers on ebay , etc, etc, etc....Keep yer books clean and you have little to worry about. Heck I have enough problems with honest mistakes and the IRS to not try anything funny!
rk

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