Health And General Life Care: Re: [Bath_and_Body] paypal ordered to disclose information to the IRS is this true? Article enclosed

Re: [Bath_and_Body] paypal ordered to disclose information to the IRS is this true? Article enclosed

Friday 18 January 2008

0 comments

Snope.com says this is true
read link

http://www.snopes.com/politics/taxes/paypal.asp

Cindy

--- rovenea turner <dove_14204@yahoo.com> wrote:

> Is this true or is it a hoax?
>
> PayPal to begin giving the IRS PayPal users
> account information
>
> Notice of IRS Summons
>
> Dear *My Name*,
>
> PayPal has received a summons from the United States
> Internal Revenue Service requiring us to produce
> various account records, including data related to
> your PayPal account. PayPal understands the summons
> relates to the IRS' offshore compliance program in
> which the IRS has sought information about offshore
> credit card accounts from a number of companies.
> Your privacy is extremely important to PayPal.
> PayPal is obligated, however, to turn over the
> requested data. PayPal has been ordered by the
> United States District Court for the Northern
> District of California to provide the information to
> the IRS, and PayPal expects to begin providing this
> information to the IRS on January 10, 2008. The
> summons and court order both issue from the United
> States District Court in an action entitled: In The
> Matters of the Tax Liabilities of John Does, Case
> No. CV-05-04176-JW.
>
> If you have any concerns about the disclosure of
> this information, you should consult with your tax
> or legal advisor. You may have rights in connection
> with the summons, including the right to seek to
> prevent the IRS from obtaining some or all of the
> information. The statute of limitations that limits
> the time in which the IRS may assert tax liabilities
> against you may be suspended beginning on the date
> which is six months after the IRS served the summons
> upon PayPal and continuing until PayPal finally
> resolves its response to the IRS. See 26 U.S.C. §
> 7609(e)(2). PayPal cannot provide you with legal
> advice. If you have questions concerning the summons
> and court order, we encourage you to contact the
> IRS, your tax advisor and/or your attorney. If you
> wish to contact the Internal Revenue Service
> regarding this matter, they can be reached at (215)
> 516-4777.
>
> Thank You,
>
> The PayPal Legal Team
>
> Mrs. Rovenea A. Turner
> When you control a man's thinking you do not have to
> worry about his actions.
> www.heavensgiftjust4you.com
>
>
> [Non-text portions of this message have been
> removed]
>
>

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