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taxgirl® - tax news, tax info and tax policy

March 15th, 2007

Ask the Taxgirl: Taxable Gifts

Taxpayer asks: My mom gave me money through my paypal account. There were 3 separate transactions totaling $380 but was non-business related, do I need to claim these transactions along with the other income from my business since they used my PayPal account? Taxgirl says:  Absolutely not! Though I will take this opportunity to discourage […]

By Kelly -- 1 comment

April 11th, 2006

IRS Again Pursuing Offshore Funds

A federal court in San Jose, California, gave the IRS permission to ask PayPal Inc. for account information for American taxpayers who have bank accounts, credit cards or debit cards issued by financial institutions over the last ten years in more than 30 countries reputed to be tax havens. This is similar to a […]

By Kelly -- 0 comments