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Posts tagged irs

The Virtual Whirl: A brief history of Second Life, 2008-2010 and beyond

This week, we cover the final installment of our summarized history of Second Life and Linden Lab (check out the first installment or the second, if you missed them). It's only possible to cover a tiny fraction of the events that took place in the space we have here, but the highlights paint an int...

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The Virtual Whirl: Death and taxes

"Nothing is certain but death and taxes"; a rather sardonic and bleak proverb, quoted and paraphrased by a number of famous figures over the years. The earliest on record was Daniel Defoe, in The Political History of the Devil in 1726. Well, this week the death part doesn't concern us so much as th...

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IRS saves on recruitment costs with Second Life?

Well, we've had some strange news stories come across our desk, but this one certainly ranks up closer to the top of the list. Frank Stipe, the Virtual Worlds & Social Networking Project Manager for the IRS (yes, the Internal Revenue Service, the people you hate every April) has told CollegeRe...

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GDC09: How to avoid new legal pitfalls in virtual world design and policy

At last week's Game Developers Conference 2009, we got the chance to sit in on Mark Methenitis' talk on How to avoid new legal pitfalls in virtual world design and policy. You may have noticed the sheer quantity of legal cases, rulings and issues surrounding virtual environments and MMOGs that have...

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IRS reports to Congress: Virtual worlds/MMOGs have always been taxable

Section 7803(c)(2)(B)(ii) of the Internal Revenue Code requires the National Taxpayer Advocate to submit a report to Congress each year and in it, among other things, to identify at least 20 of the most serious problems encountered by taxpayers and to make administrative and legislative recommendat...

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