| |
|
Topic: Business |
11:50 am EST, Mar 8, 2007 |
Come April 15 profits earned in online communities must be reported to the IRS.eCommerce reality is getting a virtual wake up as the reality of the tax man and tax reporting has come knocking. Tax law is shadowy when it comes to virtual money where money is part of the game and has created its own currency. The big Life question: Is a transaction that occurs only in Linden dollars and doesn't involve any real-world currency dollar exchange taxable? Virtual Property Tax? |
|