[L$ and tax question]

LOL!! OK, that made my day.

[L$ and tax question]

Well Paypal has not sent me the 1099- and under the tax info. section mine states that there is no info for 2012- so- this is the "personal" leg work I spoke of.  I have to contact them to see why I do not have this information. I am sure every situtaion/ individual is different- sort of like those of us who have a book keeper- (Wouldn't that be great).

[L$ and tax question]

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Pamela Galli wrote:

LL has never given me any kind of report.

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Yes, that is what they stated, they don't provide these - so I am assuming that the majority has never had any issue with this- and thusly has had success with the information paypal provides. However,  if you are not making over 20K or doing over 200 trasactions- then you have to do some extra leg work to get the tax-info (so it seems).

[L$ and tax question]

I actually just called LL about this one as I am getting ready to file taxes as well- here in the US.

Oddly enough, they told me they did not provide any verification of income forms to us (so I am assuming we have to collect these all from transaction history) YET they DO report your income to the IRS.  So I am a bit confused as to how they provide this information to the government yet we can not see a copy.

 

My issue:  I will use my paypal reports for income verification purposes when I file but if the paypal form- differs Linden Labs report then it will be a bump in the IRS road map and I'll be in the auditors firing line. I guess I just don't see why they can't provide us with the information they are providing the IRS about us.

 

In any rate- good luck to everyone with reporting this year and to those of you thinking of just by-passing it all and hoping for the best.... Please file.  Even if you have to pay a little money here and now- it is a lot better than possibly paying court fees, attorneys and the Uncle Sam's charges in the future.

 

** edited for a side note:  My tax attorney told me that for the 2013 year, to set aside 20% of all SL related income each month (in a savings account etc) and to review this after three month periods throughout the year.  So after every 3 months, evaluate your proceeds and things you can report such as computer upgrades/repair software, tier payments (done is USD) etc- and file this all.  It makes things a lot easier for the end year- and keeps you organized and on top of the game for when the next tax season rolls around. (thought this was great advise to share).

 

[Marketplace and BS Flagging]

I've just recently experienced this. 

I have had to redo my entire MP store due to someone flagging my items. In doing that, I have had to alter my in-world store (which has been taking days to modify demo-rezzers etc.) as well to reflect these changes.  As my homes feature adult animations I now have had to redo and repackage each home with a (pg) version bed so that the homes remain available to all consumers.  I understand that it was my oversight when initially setting up the items and I should have done this from the beginning- but the pictures don't display anything explicit and it seems a bit far fetched to have to list homes under the same category as genital enhancements.

I also know that veteran competitors, whose products already monopolize the majority of our list section, have been listing and still do list homes with adult beds, under the mature/general categories. They have for years.  I'm not speaking poorly on behalf of competitors, after all, there are enough people in SL that every merchant should be able to share a bit of the population but what is fair for one should be fair and enforced for all.  They need an upgraded system with more categories - and if someone should be flagging items, it should be someone in relation to LL vs. disgruntal consumers or competitors or alts thereof.

 

-Ev