IRS to search PayPal records for tax evaders | CNET News.com
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update A federal court has granted the Internal Revenue Service permission to search PayPal members’ offshore bank accounts and credit card records to identify possible tax evaders.
Under the order, issued by a U.S. District Court judge in San Jose, Calif., the IRS can view those records under certain conditions, the Justice Department announced this week. The IRS is seeking the access as part of its larger Offshore Credit Card Program, which aims to crack down on U.S. taxpayers who hold money offshore to avoid paying taxes.
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