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Tag: housing and economic recovery

PayPal to Share Seller Information with the IRS

PayPal reached an agreement to share seller income information with the IRS starting in 2012 The new requirement was mandated by The Housing and Economic Recovery Act of 2008 recently passed by Congress. President Bush signed the bill into law on July 30. The bill and applies to all payment providers but PayPal negotiated with the IRS to only provide information […]




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