Jump to content

Gooden Uggla

Resident
 View Profile  See their activity

  • Posts

    187

  • Joined

  • Last visited

 Content Type 

Posts posted by Gooden Uggla

    Lindex selling short?

    in Merchants

    Posted

    With the recent 1-point move in the lindex, we've all had to adjust our math for linden dollar sales that take a week and/or fast sales. One thing I noticed today as I sold at 249/USD is that the difference between the estimated sale and the actual sale was 2 cents. I've never seen that before on smallish amounts. I always round up a penny for quick sales because the lindex often over-estimated by a penny, but 2 cents? Has anyone else noticed this?

    Cancelling Limit Sell orders on the Lindex is messed up

    in Merchants

    Posted

    For months, if you have multiple sell orders waiting on the lindex, and you want to cancel one of the more recent orders, you can't. The cancel order defaults to the oldest order and cancels that one. No matter which you choose.You can not cancel any but the oldest sell order.

    Even though I've sent tickets and bug reports, apparently Web Services are incapable of fixing this bug that they created.  I know it's ridiculous to expect anything approaching competence from the web services people, but I feel it's important that the greater Commerce community knows about this major bug.

     

     

     

     

    How the Lab dropped the ball on w-9 reporting rules.

    in Merchants

    Posted

    The 1099K reporting rules that the lab just implimented that require filling out a w-9 form aren't new. In 2011 it was announced by the IRS that income earned on the internet would start being documented.

    In early 2012 (almost 2 years ago) the IRS issued those new guidelines and forms, and notified every eligible company they could find that the change was in place and that they would get the rest of 2012 to put in place their reporting regimes.

    One would assume the Lab was notified at this time, most certainly before the end of 2012...

    Yet, instead of notifying it's customers that their Lindex usage habits might might trigger a w-9 form request, as the IRS suggested at the time, the Lab waited until 45 days before the deadline and issued those requests with no notice whatsoever.

    New Tax policy??

    in Merchants

    Posted

    One of the most interesting facts I've received is that the Lab was supposed to start notifying US residents 2 years ago to expect this new tax rule to take effect in 2013, yet the Lab waited until 45 days from the deadline to notify the effected residents.

    We don't even have the chance to change our lindex usage patterns  to fall beneath the reporting guidelines because the Lab chose not to follow the IRS policy. That's the part that galls me the most, I could have easily sold on the lindex less than 16 times a month, but I was never given the chance.

    The collossal incompetence is stunning in it's immensity.

    New Tax policy??

    in Merchants

    Posted

    On the w-9 form where they want the TIN number, just write "applied for TIN" and when you get it from the IRS, send the Lab a ticket requesting your TIN niumber be added to your w-9 form. You'll be able to cash out for 60 days without a TIN.

    FREE LAND ? No set up fees ! Woohoo !

    in General Discussion Forum

    Posted

    This is going to cause sims to become abandoned by estate owners, everyone with a full sim for sale or rent now is going to bail out. Sims don't cost 1000 USD anyways, they're only about 500 USD on the secure transfer market. This will result in decreasing the size of the grid, and driving up private island rents. Bad idea all around. The usual for the Lab...

×
×
  • Create New...