IRS to Track Online Sellers' Payment Transactions Beginning Next Year

Auctionbytes.com ^ | March 07, 2010 | Barbara Wellman

[BipolarBob]

Sell your EBay stock today.

[Paladin2]

"Others do so because they are trying to evade taxes. "

Maybe they are just trying to avoid them ala Timmy G.

[FrankR]

Well, eBay was a good idea while it lasted...

It still looks like to me they would focus on food stamp, welfare, and medicare fraud first. That would net them a lot more money, and reduce the National debt as well.

But, democrats being mostly crooks themselves always bleed the little guy before they go after their fellow crooks.

I hope a new President comes in and says, "Stop the Fraud, or Stop the ENTITLEMENT.".

If you've been putting off something you need off eBay, better get it this year.

Also, cancel your Paypal account ASAP...the IRS is looking at it.

[FlingWingFlyer]

This must be some of Barry’s $green$ jobs we keep hearing about.

[goodnesswins]

The IRS should be FORCED to focus on the GRAFT in Congress and the STATE HOUSES.....NOT the American Tax payer and Revenue GENERATOR!

[CodeToad]

just another way the Obama administration is trying to kill off business in America.

We need to get rid of the IRS.

[Vermont Lt]

This sucks.

[bert]

The internet is a wonderful device for laundering money,for getting money into terrorist accounts and shifting it from pocket to pocket

Watching the flow is a step to curtail that flow

[Pearls Before Swine]

Mark of the Beast. “He might not buy or sell, save he had the mark...”

[jsh3180]

It’s a logical step that next they track everyone’s debit/credit card purchases and track expenses vs. stated income.

[hennie pennie]

The banks have been able to track the 20-$ bills for a long time, they know who takes them out of which ATM, and then who deposits them -- i.e., where they were spent.

However, unlike debit/credit cards, no one can find out the precise items purchased + precise identity of the purchaser when CA$H is used. I like cash.

[wally_bert]

Looks like what little Ebay/Paypal I do is going to be shut down after all. I remember when Ebay was fun and somewhat profitable.

[j.argese]

Considering every paypal sale I make is based upon a loss, it’s going to be fun getting cash back. Thanks, taxman, thanks.

[SeeSharp]

From the start the war on drugs has been nothing but a ruse by which to strengthen the tax system at the expense of our liberties. Unwarranted bank account snooping began with the so-called Drug Kingpin Act of 1986.

[cookiedough]

This is why I’ve told my husband to get cash out of the bank to pay everything possible. We don’t use credit cards. I don’t want our privacy invaded in the future.

[DakotaRed]

Democrats use that fraud to buy votes.

Why would they do anything to upset that?

[tiki]

Sellers will start only taking money orders.

[cookiedough]

This is going to be a huge PITA for us. We have an internet-based business and we always report every dime we make to the IRS.

Now the accounting for it will take even more time.

I already spend too much time doing accounting for the IRS. A flat tax cannot come soon enough for me.

[Bon mots]

Everyone is a criminal.

Russians feared the KGB.
Germans feared the Gestapo.
East Germans feared the Stasi.
Americans fear the IRS.