Quote Originally Posted by WingedWolfPsion View Post
PayPal is offshore? That's news to me, because PayPal is right down the street from me, here in Omaha. PayPal is now owned by Ebay, of course, and its corporate offices are in California.
When i talked to the IRS lady she stated this new legislation was to go into effect to stop Us citizens form storing money in Paypal as they have off shore accounts.

Theres always been Us locations and corporation, but the actual money they said was not stored in any us bank. All this changed back in 08 from what the lady said.