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Administrative/Regulatory

Sep. 24, 2014

Is video game money subject to taxation?

Video game companies have been contacting lawyers with concerns that the virtual economies in their products could fall under recent guidance passed by government agencies to regulate Bitcoin and other virtual currencies.


By Joshua Sebold


Daily Journal Staff Writer


Can the Internal Revenue Service tax you for making virtual money in a video game? That's one of the questions the creators of video games and online virtual worlds are asking their attorneys as they begin to digest recent guidance from the Department of Treasury's Financial Crimes Enforcement Network and the Internal Revenue Service.


The guidance passed last year was widely viewed as a react...

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