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IRS After eBay Shoppers
Perhaps the budget deficit is getting too large. The IRS is trying to get eBay Inc. (NASDAQ:EBAY) to turn over records on its customers, especially the larger ones, so that the IRS can go after those who have not paid taxes on their auction transactions. What fun. Getting a company to rat out its own.
eBay is fighting the move, but the government seems determined to go after merchants, especially those who have transactions of over $5,000 a year.
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Tim R on February 25th, 2007 6:50 pm
There are quite a few ebay sellers not reporting their profit to the IRS. Get them Uncle Same :)
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