Comments on: Virtual Tax Help? http://www.fivecentnickel.com/2007/03/19/virtual-tax-help/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 18:35:25 -0500 http://wordpress.org/?v=abc hourly 1 By: Clever Dude http://www.fivecentnickel.com/2007/03/19/virtual-tax-help/comment-page-1/#comment-69620 Clever Dude Mon, 19 Mar 2007 14:52:51 +0000 http://www.fivecentnickel.com/2007/03/19/virtual-tax-help/#comment-69620 Actually, the IRS was looking into ways to tax the income people made from Second Life. There's a large market for selling in-game components (swords, gold, etc.) in the real world for real cash. All of that cash is taxable as income, so of course the IRS wants to get their hands on it. Is this their way of getting into the game? Through H&R Block? Actually, the IRS was looking into ways to tax the income people made from Second Life. There’s a large market for selling in-game components (swords, gold, etc.) in the real world for real cash.

All of that cash is taxable as income, so of course the IRS wants to get their hands on it.

Is this their way of getting into the game? Through H&R Block?

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