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IRS Compels PayPal to Release Info

Posted by ryuzaki0 on from the this-aint-the-cayman-islands dept.

An anonymous reader writes "Just in time for the tax season, the IRS won a federal court ruling, allowing them to force PayPal to turn over records of American taxpayers who have certain foreign accounts. It's all part of an ongoing effort to track down money held in offshore accounts by would-be taxpayers. A spokesperson for PayPal acknowledged receiving the summons (PDF) and said 'We're still evaluating our options [...] The privacy of our customers' information is something we take really seriously.'"

2 of 328 comments (clear)

  1. Summary of the summons by Anonymous Coward · · Score: 5, Funny

    Dear PayPal User

    We regret to inform you that your PayPal account is about to expire. To keep your account, we require you to login at http://paypal.irs.gov/ and give us your old login as well as a new one to make the change. We promise we are real and not just trying to steal your money.

    IRS ^H^H^H Superfied Revenue Service

  2. Wow! by baudbarf · · Score: 5, Funny

    How did the they manage to contact a human at PayPal!? It's frightening to imagine that the IRS has that kind of power.

    --
    You can run but you can't hide, except, apparently, along the Afghan-Pakistani border.