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Posts with tag snopes

Do people really ask friends to pay for their parties?

Filed under: Extracurriculars, Food

dinner checkI just finished reading an article on CNN about individuals who send out invites to their friends for a party without asking them to pay for any of it and then expecting the friends to go dutch when the bill comes. For a second I felt like I was reading a bad chain letter forwarded to me by a distant cousin; I almost went to Snopes to check and see if this was really happening to people. Are there still people who are either this aloof or this self centered out there that they would send out an invitation to dinner and not indicate on the invite that the attendees should expect to split the entire bill?

Don't get me wrong, if I am invited to a dinner party out on the town I have no problem footing my bill. I'll avoid high priced alcohol and stick to something from the middle range of the menu. When a host informs everyone at the end of the night that they should just split the bill 8 ways and I have to subsidize everyone else's filet mignon and alcohol induced stupor then that is a different beast entirely. Maybe it's just living in a relatively small Midwest town that I don't run into this, or possibly I just don't have the tolerance to put up with anyone who would pull this kind of stunt long enough to get a dinner invite!

Not spam: IRS squeezes customer data out of PayPal

Filed under: Tax

If you're an avid email user, you may be used to the typical spam messages that look like they're from PayPal. Usually they begin with some dire security warning, saying you've been locked out of your account because there's been a hacking attempt. You're asked to reply with all sorts of personal information, including a social security number, a PIN number, and plenty of other private data. Hopefully, you didn't get sucked in by this scam.

But now is the time to pay attention if you get a certain PayPal email. This one's not a hoax, according to the hoax-busting website Snopes.com. The email is to inform you that information about your account has been turned over to the IRS because of a court order requiring PayPal to do so.

A lawsuit started in 2006 in the Northern District of California has caused PayPal to turn over account information for taxpayers whose PayPal accounts are linked to bank accounts, credit cards, or debit cards from certain foreign countries. The IRS is on a fishing expedition to collect banking information related to countries known as tax havens. That is... it wants to know if you're banking overseas in order to avoid paying taxes in the U.S.

If you get this notice, it does not mean the IRS is investigating you. It merely means that your PayPal records were turned over to the IRS. If you are investigated, you'll be contacted directly by the IRS.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.