IRS Cracks Down on Underground Internet Economy

Bandit · #21 12/06/10, 09:06 AM

Quote:

Originally Posted by FarmerGreen

Well, the IRS will tell you it's all voluntary, but just try not volunteering.

As to whether Federal Reserve Notes are good for ALL debts try using one to buy gas at some stations. Some have signs up saying they won't accept 50's or 100's.
Yes, the dollar will crash, probably sooner than later, but it won't be fun to watch.

Just pay for your gas in change , I have done it before when coming from a Fair , in mostly quarters . LOL

Bob

Mickie3 · #22 12/06/10, 09:29 AM

Quote:

Originally Posted by edcopp

This is interesting. I thought that PayPal was operating from the Netherlands. If that is the case it seems like they would just tell the IRS to buzz off.

From Paypal's web-site: "PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore."

Where they have their HQ means nothing, if they want to do business in the US or any states within, they have to comply with the appropriate laws, whether they agree with them or not means nothing.

Quote:

Originally Posted by Nevada

Well, at eBay the Fed has no power. EBay policy trumps everything.

That was one of the best lines I have read in quite a while. I would wager that there are those that believe it, too.

I ran my own business for several years and have never been audited in my entire life, however, I paid any and all taxes due and always had the records to back up any and all items on local, state, and federal returns. To me, the prospect of paying an attorney any more than I had to was just absolutely ludicrous.