January 22, 2009

Should Avatars Be Issued 1099-MISCs and Pay Taxes?

January 22nd 2009

Avatars may not be taxed directly yet, but their creators may soon be. China and Australia are already experimenting with taxation of sales in virtual worlds. Now, in the US, the IRS’s “taxpayer advocate” has encouraged the service to consider taxation in virtual worlds. The Washington Post suggests the IRS could improve voluntary tax compliance […]