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April 17, 2007

I've been expecting this

Selling stuff online? Here comes the IRS
By Declan McCullagh and Anne Broache
Staff Writer, CNET News.com
Published: April 13, 2007, 3:50 PM PDT

Americans who sell items through Internet auction sites could be in for an unpleasant surprise at tax time next year, thanks to an IRS proposal designed to identify taxpayers who don't report income from those sales.

The U.S. Treasury Department wants Congress to force auction sites like eBay, Amazon.com and uBid.com to turn over the identities and Social Security numbers of a large portion of their users to the IRS--so tax collectors know how much each person made through online selling.

Via the CFG blog.

Posted by joke du jour at April 17, 2007 09:01 PM

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