31
Jan

person might be hiding fund on their paypal accounts where they made untaxable incomes via ebay, etc. Are they allowed to do this yet at this point?


Answer:
Even if it is legal, which it MAY be, the odds of them going after an individual taxpayer are extremely minute.

They want the "bigger fish".


Answer:
I wouldn't worry about it if I were you. Report It


Answer:
If you are chosen for an audit they will reconcile your bank deposits against your reported income.

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This entry was posted on Thursday, January 31st, 2008 at 4:22 pm and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or TrackBack URI from your own site.

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