The IRS should soon be issuing guidelines for reporting income derived from virtual world economic activity. Check out this post on Virtual Worlds News. Even though nobody likes to pay taxes, its nice to see a US government agency at least being proactive and analytical in understanding the space. The better implication is that these guidelines are likely to serve as a forcing function that will push the creation of a rational (I hope) framework for virtual goods property rights. This is a big deal.
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