PayPal & IRS Issue

Out of context: Reply #5

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  • randommail0

    Pretty straightforward. He'll have to pay all back taxes, plus around 8% annual interest, plus penalties for not filing his returns for both federal and state.
    So hopefully he didn't go and spend the taxes. If he did ... OUCH.

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    • Chances are high that he wont as per double taxation treaty
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    • I assumed he hadn't paid taxes in the country he was currently residing in either.randommail
    • Ah, that is an interesting point you make. I have seen people who tried that and ended up in jail.
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