LegalAffairs.org had an article recently about taxing income that's generated from selling in-game goods for real money. One wonders how the IRS would attempt to regulate this.
The article tells the story of Julian Dibbell, who apparently made $11,000 trading Ultima Online goods on eBay. Being an upstanding citizen, he attempted to file this income with the IRS. It wasn't as easy as he thought it would be though, as there aren't any clear cut IRS regulations for that kind of income. You can bet that they will certainly fix that soon.
LegalAffairs.org is currently have some problems with their site, but you can find an Ars Technica article that summarizes it at this Ars Technica link
The article tells the story of Julian Dibbell, who apparently made $11,000 trading Ultima Online goods on eBay. Being an upstanding citizen, he attempted to file this income with the IRS. It wasn't as easy as he thought it would be though, as there aren't any clear cut IRS regulations for that kind of income. You can bet that they will certainly fix that soon.
LegalAffairs.org is currently have some problems with their site, but you can find an Ars Technica article that summarizes it at this Ars Technica link