Virtual Currency Transactions, Real Tax Compliance: Inspired by a True Story
Inspired this actual announcement and this actual message sent by Linden Lab:
Tax-Related Documents from Linden Lab
As some of you located in the United States may know, it is tax season. Important documents go out to report sensitive information to the appropriate government agencies every year.
As a requirement to ensure that we are adhering to respective state laws for reporting taxes, some of you may be receiving a 1099-K form if you have reached a certain Linden $ sale transaction volume. This form collects information the IRS requires from US taxpayers. Please note that these are time sensitive documents that will need to be completed in order to meet these requirements.
If you are due to receive such a form, you will be receiving an email from “email@example.com” with more information on how to complete this process.
For more information on tax forms in relation to Second Life, please view our Wiki article here.
If you are from the state of Massachusetts, you may find more information regarding their most recent updated tax reporting requirements here.
If you have any questions, please feel free to reach out to us at https://support.secondlife.com. Thank you for your patience and attention to this matter.
– Linden Lab
Indie comic artist and illustrator Danielle “Nylon” Feigenbaum documents dubious adventures in SL, VRChat, and online worlds beyond for New World Notes. Her work has also been featured in Old Pal and the book Blocked: Stories from the World of Online Dating.